The Chinese Birdcage is popular PDF and ePub book, written by Heleen Mees in 2016-10-17, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Chinese Birdcage can be Read Online from any device for your convenience.
The Chinese Birdcage Book PDF Summary
This book vividly describes how China’s rise in the early 2000s led to rising profits and declining labor income everywhere, ultimately resulting in the global financial crisis. Under Deng Xiaoping’s policy of ‘reform and opening up’ in the 1980s, China quickly became the world’s factory floor...but powerful political leaders envisioned a world in which the market economy would be trapped within the confines of a planned economy. With China’s admission into the World Trade Organization in 2001, almost a billion people joined the global workforce, driving down the real wages of blue- and white-collar workers in the US and Europe while also lowering interest rates, which fueled housing bubbles and destabilized the financial sector. This book explores China’s significant influence on western economies by focusing on the links between the labor market, corporate profits, and interest rates, using Arthur Lewis's framework for economic growth with unlimited supplies of labor to argue that by 2010 the world economy – and political situations – had been set back almost one hundred years.
Detail Book of The Chinese Birdcage PDF
- Author : Heleen Mees
- Release : 17 October 2016
- Publisher : Springer
- ISBN : 9781137588869
- Genre : Business & Economics
- Total Page : 204 pages
- Language : English
- PDF File Size : 20,9 Mb
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