Deglobalization: China-US Rivalry in the Innovation Economy (Routledge Studies in the Economics of Innovation)

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Synopsis
The emerging conflict between the United States and China has an inherent tendency towards a development of deglobalization. It is the historical prerequisites for this deglobalization that are examined in this book. These assumptions are largely based on what is termed the second wave of globalization, based on increasing technological competition between the US and China, as well as China's expansion along the new Silk Road.　 In this book, the author makes a distinction between the Old Globalization and New Globalization. The Old Globalization was characterized by competition over costs in general and wage costs in particular, while the New Globalization is categorized by new competencies and skills, especially technological capabilities and technological innovations. The second wave, which is driven by technological innovations, lays the foundation for a counter-strategy on the part of the USA to stem the Chinese technological expansion. It is this new strategy that confines the second wave of globalization from China and lays the foundation for deglobalization. The book analyzes US-China relations from a fresh perspective, namely a systemic thinking approach. The focus is the emerging innovation economy which leads to tension and deglobalization. The book is grounded in evolutionary economics and uses conceptual generalization in its descriptions, analysis, theoretical reflections and real-world cases. The key message is that the economy of the future will be characterized by coordinated wave movements: economic growth mainly controlled by private capital alternating with economic downturns that necessitate collective solutions and government interventions.　 The book offers policy suggestions, which include promoting effective macroeconomic policies, and extending microeconomic cooperation schemes, related to the innovation economy.
Copyright:
2024

Book Details

Book Quality:
Publisher Quality
Book Size:
186 Pages
ISBN-13:
9781003823124
Related ISBNs:
9781032497778, 9781003395393, 9781032497761
Publisher:
Taylor and Francis
Date of Addition:
Copyrighted By:
Jon-Arild Johannessen
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
Nonfiction, Business and Finance
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.

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