The book offers a critical analysis of Asian geopolitics, exploring the complexities and dynamics of the region's political landscape. It delves into the implications of US foreign policy decisions and their impact on Asian nations, highlighting tensions and strategic alliances. Through a provocative lens, it examines the interplay between regional powers and the United States, providing insights into the future of international relations in Asia.
Critical analysis of RMB internationalization and the coming global currency
shift Renminbi Rising charts the emergence of China's internationalizing
currency and provides an in-depth analysis of the global repercussions.
China's Crisis of Success provides new perspectives on China's rise to superpower status, showing that China has reached a threshold where success has eliminated the conditions that enabled miraculous growth. Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth, and Chinese society now resists the disruptive change that enabled earlier reforms. While China's leadership has produced a strategy for successful economic transition, it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth, William H. Overholt explores critical social issues of the transition, notably inequality, corruption, environmental degradation, and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability, Japanese-style stagnation, and a major political-economic crisis.
