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Is China Buying the World?

Nolan, Peter (Book - 2012 )
Is China Buying the World?


Item Details

"China has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. 'China's rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to 'buy the world'. Is there any truth to this idea? Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy? In this short book Peter Nolan - one of the leading international experts on China and the global economy - probes behind the media rhetoric and shows that the idea that China is buying the world is a myth."--Jacket.
Authors: Nolan, Peter, 1949-
Title: Is China buying the world?
Publisher: Cambridge, UK ;, Malden, MA :, Polity Press,, 2012.
Characteristics: ix, 147 p. ;,22 cm.
Notes: "Based on a paper delivered to the board of the US-China Business Council in Washington, DC, on 1 June 2011"--P. ix.
Contents: Introduction
Who are we? Who are they?
Who are we?
Globalization and industrial concentration
Evidence from automobiles and beverages
Globalization and 'going out' by global firms
Who are they?
China catches up
China is still far from 'catching up'
China's deepening relationship with developing countries
Oil companies and energy security
Multinational companies 'going in' to china
Chinese firms 'going out' of China into the high-income economies: 'I have you within me but you do not have me within you'
Constraints on China 'buying the world'
The complexity of 'us' and 'them': the case of strategic industries
Banks
Commercial aircraft
Conclusion.
Summary: "China has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. 'China's rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to 'buy the world'. Is there any truth to this idea? Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy? In this short book Peter Nolan - one of the leading international experts on China and the global economy - probes behind the media rhetoric and shows that the idea that China is buying the world is a myth."--Jacket.
ISBN: 9780745660790
0745660797
0745660789
9780745660783
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