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Catching Up to America Tian Zhu

Catching Up to America By Tian Zhu

Catching Up to America by Tian Zhu


£27.79
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Summary

Addresses important questions regarding China's rise that matter to almost everyone in the world, and shall interest readers across disciplines and well beyond academia, to the engaged public, students of business and international relations, corporate executives, journalists and other professionals interested in China and the global economy.

Catching Up to America Summary

Catching Up to America: Culture, Institutions, and the Rise of China by Tian Zhu

China's rapid rise is doubtless the most significant economic and geopolitical event in the 21st century. What has led to its rise? What does it mean for the rest of the world? When will China overtake the US? Will the conflict between the two superpowers derail its further rise? Can China's development experience be emulated by other countries? These are some of the important questions addressed in this jargon-free, yet rigorous book. It debunks many popular explanations of China's rapid economic growth ranging from abundance of cheap labor, export promotion, demographic dividend, strong government, to mercantilist policies and IP theft. Taking a global comparative approach, this book demonstrates convincingly that the true differentiating factor making China grow faster than other developing countries over the past four decades is the Confucian culture of savings and education. This cultural perspective yields powerful new insights into many questions regarding China's rise.

Catching Up to America Reviews

'Professor Tian Zhu, a leading expert on China's economy, has addressed many misunderstandings over China's inexorable rise to a global superpower. Years of academic research and practice have enabled him to blend his deep understanding and in-depth market knowledge into a scholarly endeavor. This book is a must-read for anyone interested in the causes and consequences of China's rapid ascent. Personally, I couldn't put the book down till the very end.' Dipak Jain, President (European) of CEIBS and former Dean of INSEAD and Northwestern University's Kellogg School of Management
'Professor Tian Zhu's book provides a penetrating analysis of the rise of the Chinese economy in a global perspective. It focuses on the role of savings and education and, further, links both to the underlying institutions and culture to present new insights. This book will benefit all who want to understand China's past and are interested in its future.' Yingyi Qian, Distinguished Professor and former Dean of the School of Economics and Management of Tsinghua University, and author of How Reform Worked in China
'Professor Tian Zhu's exploration of what he calls the 'Chinese growth puzzle' tells us a lot about how China has so far benefited from globalization, but also about the reforms that should ensure the future sustainability of this unprecedented economic performance.' Pascal Lamy, Honorary President of Notre Europe and former Director-General of the World Trade Organization (WTO)
'Professor Zhu has provided one of the most comprehensive and critical appraisals of the many economic explanations of why China grows so fast. After rebutting many of them, he then offers his own - one that is more cultural than economic - which I find very convincing. The book is well researched, balanced, intelligent, and such a delight to read.' Kim-Sau Chung, Professor of Economics, Hong Kong Baptist University
'With Catching Up to America, Professor Tian Zhu provides a very timely in-depth account of China's economic growth. We are taken on a journey to ascertain the facts of China's economic rise, explore its causes, and contemplate future implications. Data and a wide range of cross-country references drive the analysis and provide perspective. Tian Zhu's comprehensive and authoritative account of China's global ascent is eminently readable, most engaging, and suitable for all audiences.' Carsten Holz, Professor of Economics, Hong Kong University of Science and Technology
'This provocative and insightful book, packed with novel ideas and the latest findings from economics and social science research, makes the case that the Confucian culture is a fundamental factor that has induced high savings and rising education during China's economic reforms. The rapid accumulation of physical and human capital has propelled the nation's spectacular growth over the last four decades. The book not only presents a fascinating analysis on the rise of China but also sheds light on its future growth amid the US-China trade war, the COVID-19 pandemic, and the sentiments of deglobalization. This contribution is important and timely for understanding China in the global context.' Dennis Tao Yang, Dale S. Coenen Professor of Business Administration and Academic Director, The Asia Initiative, Darden School of Business, University of Virginia

About Tian Zhu

Tian Zhu is Professor and Santander Chair in Economics at China European International Business School (CEIBS). Before joining CEIBS in 2005, he taught at the Hong Kong University of Science and Technology (HKUST) for 10 years. Zhu is an expert on China's economy, having published many articles and also two books in the area. Zhu was awarded the 2017 Bergson Prize by the Association for Comparative Economic Studies for the best article published in Comparative Economic Studies. Educated in China and the US, Zhu received his BSc, MA, and PhD degrees from Tsinghua University, Peking University, and Northwestern University, respectively.

Table of Contents

Introduction; 1. Just how rapid is China's rise? A global comparison; 2. Explaining China's rise: some popular views; 3. Do institutions rule?; 4. Savings and China's investment-led growth; 5. The role of education: quantity and quality; 6. Technological progress and innovation; 7. Confucian culture as the key differentiating factor; 8. Why is China slowing down?; 9. Catching up to America in a post-COVID-19 world.

Additional information

NLS9781009017657
9781009017657
1009017659
Catching Up to America: Culture, Institutions, and the Rise of China by Tian Zhu
New
Paperback
Cambridge University Press
2021-09-09
300
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - Catching Up to America