The conventional wisdom has held that China's economic power is very
close to America's and that Washington cannot undertake a broad
economic cutoff of China without hurting itself as much, or more. In_
Command of Commerce_, Ben A. Vagle and Stephen G. Brooks show the
conventional wisdom is wrong on both fronts. The authors argue that
America's economic power has been underestimated because conventional
economic measures have ignored America's unprecedented control over
the world's largest multinational corporations. They further argue
that China's economic power has been overestimated due to Beijing's
manipulation of its economic data and measurement issues presented by
China's uniquely structured economy. The authors also show Washington
could impose massive, disproportionate harm on Beijing if it imposed a
broad economic cutoff on China in cooperation with its allies or via a
distant naval blockade. Across six scenarios, China's short-term
economic losses from a broad cutoff range from being 5 to 11 times
higher than America's. And in the long run, America and almost all its
allies would return to previous economic growth levels; in contrast,
China's growth would be permanently degraded.
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America's Enduring Economic Power Advantage over China
Produktdetaljer
ISBN
9780197802311
Publisert
2025
Utgave
1. utgave
Utgiver
Oxford University Press Academic US
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter