C. Fred Bergsten Bücher

After leading the world economy for a century, the United States faces the first real challenge to its supremacy in the rise of China. Is economic (or broader) conflict, well beyond the trade and technology war that has already erupted, inevitable between the world’s two superpowers? Will their clash produce a new economic leadership vacuum akin to the 1930s, when Great Britain was unable to play its traditional leadership role and a rising United States was unwilling to step in to save the global order? In this sweeping and authoritative analysis of the competition for global economic leadership between China and the United States, C. Fred Bergsten warns of the disastrous consequences of hostile confrontation between these two superpowers. He paints a frightening picture of a world economy adopting Chinese characteristics, in which the United States, after Trump abdicated much of its role, engages in a self-defeating attempt to “decouple” from its rival. Drawing on more than 50 years of active participation as a policymaker and close observation as a scholar, Bergsten calls on China to exercise constructive global leadership in its own self-interest and on the United States to reject a policy of containment, avoid a new Cold War, and instead pursue “conditional competitive cooperation” to work with its allies, and especially China, to lead, rather than destroy, the world economy.

Book by Bergsten, C. Fred, Cline, William R., Williamson, John

For centuries, China has proven difficult for Americans to understand. Today, however, China is becoming one of the most powerful countries in the world. As the 21st century unfurls, the stakes have never been higher for getting US policy toward China right. The direction that China and US-China relations take will define the strategic future of the world for years to come. No relationship matters more―for better or for worse―in resolving the enduring challenges of our maintaining stability among great powers, sustaining global economic growth, stemming dangerous weapons proliferation, countering terrorism, and confronting new transnational threats of infectious disease, environmental degradation, international crime, and failing states. And for the United States in particular, a rising China has an increasingly important impact on American prosperity and security, calling for some clear-eyed thinking and tough economic, political, and security choices. Put simply, the US-China relationship is too big to disregard and too critical to misread. This book is a joint project between the Institute for International Economics and the Center for Strategic and International Studies.

Monograph of economic analysis and economic models illustrating the effects of multinational enterprise on the domestic economy and foreign policy of the USA - examines the impact of direct foreign investments on taxation, competition, employment, access to foreign raw materials, etc., and seeks to provide a foundation for sound government policies. References and statistical tables.