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The Chinese Birdcage

How China's Rise Almost Toppled the West

Authors: Mees, Heleen

  • Argues that China caused the global financial crisis
  • Explores China's influence on western economies
  • Focuses on the links between the labor market, corporate profits, and interest rates
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eBook $29.99
price for USA (gross)
  • ISBN 978-1-137-58886-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $39.99
price for USA
  • ISBN 978-1-137-58888-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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. 

About the authors

Heleen Mees was Adjunct Associate Professor at New York University's Wagner Graduate School of Public Policy. She is a columnist for the Dutch daily De Volkskrant and she writes opinion articles for various international publications including Foreign Policy, The Financial Times, Project Syndicate, and NRC Handelsblad.

Table of contents (12 chapters)

Buy this book

eBook $29.99
price for USA (gross)
  • ISBN 978-1-137-58886-9
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $39.99
price for USA
  • ISBN 978-1-137-58888-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Chinese Birdcage
Book Subtitle
How China's Rise Almost Toppled the West
Authors
Copyright
2016
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-58886-9
DOI
10.1057/978-1-137-58886-9
Softcover ISBN
978-1-137-58888-3
Edition Number
1
Number of Pages
XVI, 197
Number of Illustrations and Tables
5 b/w illustrations
Topics