China's Superbank: Debt, Oil and Influence - How China Development Bank Is Rewriting the Rules of Finance


Henry Sanderson - 2012
    Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB)--which has displaced the World Bank as the world's biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In "China's World Bank," Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China's domestic economic growth and how it is helping to expand China's influence in strategically important overseas markets.100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country's two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China's leaders for its leading companies to "go global."Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, "China's World Bank" travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela.Offers a fascinating insight into the China Development Bank (CDB), the driver of China's rapid economic developmentTravels the globe to show how the CDB is helping Chinese businesses "go global"Written by two respected reporters at Bloomberg NewsAs China's influence continues to grow around the world, many people are asking how far it will extend. "China's World Bank" addresses these vital questions, looking at the institution at the heart of this growth.

Haunted by Chaos: China’s Grand Strategy from Mao Zedong to Xi Jinping


Sulmaan Wasif Khan - 2018
    Today it is a force on the global stage, and yet its leaders have continued to be haunted by the past. Drawing on an array of sources, Sulmaan Wasif Khan chronicles the grand strategies that have sought not only to protect China from aggression but also to ensure it would never again experience the powerlessness of the late Qing and Republican eras.The dramatic variations in China’s modern history have obscured the commonality of purpose that binds the country’s leaders. Analyzing the calculus behind their decision making, Khan explores how they wove diplomatic, military, and economic power together to keep a fragile country safe in a world they saw as hostile. Dangerous and shrewd, Mao Zedong made China whole and succeeded in keeping it so, while the caustic, impatient Deng Xiaoping dragged China into the modern world. Jiang Zemin and Hu Jintao served as cautious custodians of the Deng legacy, but the powerful and deeply insecure Xi Jinping has shown an assertiveness that has raised both fear and hope across the globe.For all their considerable costs, China’s grand strategies have been largely successful. But the country faces great challenges today. Its population is aging, its government is undermined by corruption, its neighbors are arming out of concern over its growing power, and environmental degradation threatens catastrophe. A question Haunted by Chaos raises is whether China’s time-tested approach can respond to the looming threats of the twenty-first century.

The Globalization of World Politics: An Introduction to International Relations


John Baylis - 1997
    The book features three new chapters on International Law, Terrorism, and Social Constructivism and two updated case studies. Written specially for those coming to the subject for the first time, this text has been carefully edited by John Baylis and Steve Smith to ensure a coherent, accessible and lively account of the globalization of world politics. As with the previous edition, there is a companion website that offers up-to-date case studies of the conflicts in Kosovo and the 1990-91 Gulf War and a new case study on Iraq. The Globalization of World Politics, Third Edition, is ideal for undergraduate and graduate courses in International Relations.

The Race Between Education and Technology


Claudia Goldin
    The authors propose that the 20th century was not only the American century, but also the century of human capital. That is, her educational system made America the richest nation on earth.

The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us


Robyn Meredith - 2007
    In China, men in Mao jackets pedal bicycles along newly built highways, past skyscrapers sprouting like bamboo. Yet exotic India is as near as the voice answering an 800 number for one dollar an hour. Communist China is as close as the nearest Wal-Mart, its shelves full of goods made in Chinese factories.Not since the United States rose to prominence a century ago have we seen such tectonic shifts in global power; but India and China are vastly different nations, with opposing economic and political strategiesstrategies we must understand in order to survive in the new global economy. The Elephant and the Dragon tells how these two Asian nations, each with more than a billion people, have spurred a new "gold rush," and what this will mean for the rest of the world.

The India Way: Strategies for an Uncertain World


S. Jaishankar - 2020
    The very nature of international relations and its rules are changing before our eyes.For India, this means optimal relationships with all the major powers to best advance its goals. It also requires a bolder and non-reciprocal approach to its neighbourhood. A global footprint is now in the making that leverages India’s greater capability and relevance, as well as its unique diaspora. This era of global upheaval entails greater expectations from India, putting it on the path to becoming a leading power.In The India Way, S. Jaishankar, India’s Minister of External Affairs, analyses these challenges and spells out possible policy responses. He places this thinking in the context of history and tradition, appropriate for a civilizational power that seeks to reclaim its place on the world stage.

In the Dragon's Shadow: Southeast Asia in the Chinese Century


Sebastian Strangio - 2020
    Three of its nations border China and five are directly impacted by its claims over the South China Sea. All dwell in the lengthening shadow of its influence: economic, political, military, and cultural. As China seeks to restore its former status as Asia’s preeminent power, the countries of Southeast Asia face an increasingly stark choice: flourish within Beijing’s orbit or languish outside of it. Meanwhile, as rival powers including the United States take concerted action to curb Chinese ambitions, the region has emerged as an arena of heated strategic competition.   Drawing on more than a decade of on-the-ground experience, Sebastian Strangio explores the impacts of China’s rise on Southeast Asia, the varied ways in which the countries of the region are responding, and what it might mean for the future balance of power in the Indo-Pacific.

The Pentagon's New Map: War and Peace in the Twenty-First Century


Thomas P.M. Barnett - 2004
    Gone is the clash of blocs, but replaced by what?Thomas Barnett has the answers. A senior military analyst with the U.S. Naval War College, he has given a constant stream of briefings over the past few years, and particularly since 9/11, to the highest of high-level civilian and military policymakers-and now he gives it to you. The Pentagon's New Map is a cutting-edge approach to globalization that combines security, economic, political, and cultural factors to do no less than predict and explain the nature of war and peace in the twenty-first century.Building on the works of Friedman, Huntington, and Fukuyama, and then taking a leap beyond, Barnett crystallizes recent American military history and strategy, sets the parameters for where our forces will likely be headed in the future, outlines the unique role that America can and will play in establishing international stability-and provides much-needed hope at a crucial yet uncertain time in world history.For anyone seeking to understand the Iraqs, Afghanistans, and Liberias of the present and future, the intimate new links between foreign policy and national security, and the operational realities of the world as it exists today, The Pentagon's New Map is a template, a Rosetta stone. Agree with it, disagree with it, argue with it-there is no book more essential for 2004 and beyond.

From Third World to First: The Singapore Story: 1965-2000


Lee Kuan Yew - 2000
    How is it, then, that today the former British colonial trading post is a thriving Asian metropolis with not only the world's number one airline, best airport, and busiest port of trade, but also the world's fourth–highest per capita real income?The story of that transformation is told here by Singapore's charismatic, controversial founding father, Lee Kuan Yew. Rising from a legacy of divisive colonialism, the devastation of the Second World War, and general poverty and disorder following the withdrawal of foreign forces, Singapore now is hailed as a city of the future. This miraculous history is dramatically recounted by the man who not only lived through it all but who fearlessly forged ahead and brought about most of these changes.Delving deep into his own meticulous notes, as well as previously unpublished government papers and official records, Lee details the extraordinary efforts it took for an island city–state in Southeast Asia to survive at that time.Lee explains how he and his cabinet colleagues finished off the communist threat to the fledgling state's security and began the arduous process of nation building: forging basic infrastructural roads through a land that still consisted primarily of swamps, creating an army from a hitherto racially and ideologically divided population, stamping out the last vestiges of colonial–era corruption, providing mass public housing, and establishing a national airline and airport.In this illuminating account, Lee writes frankly about his trenchant approach to political opponents and his often unorthodox views on human rights, democracy, and inherited intelligence, aiming always "to be correct, not politically correct." Nothing in Singapore escaped his watchful eye: whether choosing shrubs for the greening of the country, restoring the romance of the historic Raffles Hotel, or openly, unabashedly persuading young men to marry women as well educated as themselves. Today's safe, tidy Singapore bears Lee's unmistakable stamp, for which he is unapologetic: "If this is a nanny state, I am proud to have fostered one."Though Lee's domestic canvas in Singapore was small, his vigor and talent assured him a larger place in world affairs. With inimitable style, he brings history to life with cogent analyses of some of the greatest strategic issues of recent times and reveals how, over the years, he navigated the shifting tides of relations among America, China, and Taiwan, acting as confidant, sounding board, and messenger for them. He also includes candid, sometimes acerbic pen portraits of his political peers, including the indomitable Margaret Thatcher and Ronald Reagan, the poetry–spouting Jiang Zemin, and ideologues George Bush and Deng Xiaoping.Lee also lifts the veil on his family life and writes tenderly of his wife and stalwart partner, Kwa Geok Choo, and of their pride in their three children –– particularly the eldest son, Hsien Loong, who is now Singapore's deputy prime minister.For more than three decades, Lee Kuan Yew has been praised and vilified in equal measure, and he has established himself as a force impossible to ignore in Asian and international politics. From Third World to First offers readers a compelling glimpse into this visionary's heart, soul, and mind.

The People's Republic of Amnesia: Tiananmen Revisited


Louisa Lim - 2014
    Memory is dangerous in a country built to function on national amnesia. A single act of public remembrance might expose the frailty of the state's carefully constructed edifice of accepted history, one kept aloft by strict censorship, blatant falsehood, and willful forgetting. Though the consequences of Tiananmen Square are visible everywhere throughout China, what happened there has been consigned to silence. In The People's Republic of Amnesia, NPR's China correspondent Louisa Lim offers an insider's account of this seminal tragedy, revealing the enormous impact it had on China and the reverberations still felt today. Official hypocrisy and the government's obsession with maintaining stability and silence have deepened June 4th's impact on the nation's psyche. Lim interweaves portraits of eight individuals whose lives have been shaped by June 4--including the two women who started Tiananmen Mothers, one of the first and most prominent grassroots organizations outside the Chinese government's control; a student survivor involved in the protests; a soldier who took part in the suppression; and a high-ranking government administrator who played a role in ordering the tanks into the square. In the process she offers a textured, intimate, and haunting look at the national tragedy and an unhealed wound.

China Road: A Journey into the Future of a Rising Power


Rob Gifford - 2007
    It flows three thousand miles from east to west, passing through the factory towns of the coastal areas, through the rural heart of China, then up into the Gobi Desert, where it merges with the Old Silk Road. The highway witnesses every part of the social and economic revolution that is turning China upside down.In this utterly surprising and deeply personal book, acclaimed National Public Radio reporter Rob Gifford, a fluent Mandarin speaker, takes the dramatic journey along Route 312 from its start in the boomtown of Shanghai to its end on the border with Kazakhstan. Gifford reveals the rich mosaic of modern Chinese life in all its contradictions, as he poses the crucial questions that all of us are asking about China: Will it really be the next global superpower? Is it as solid and as powerful as it looks from the outside? And who are the ordinary Chinese people, to whom the twenty-first century is supposed to belong? Gifford is not alone on his journey. The largest migration in human history is taking place along highways such as Route 312, as tens of millions of people leave their homes in search of work. He sees signs of the booming urban economy everywhere, but he also uncovers many of the country’s frailties, and some of the deep-seated problems that could derail China’s rise. The whole compelling adventure is told through the cast of colorful characters Gifford meets: garrulous talk-show hosts and ambitious yuppies, impoverished peasants and tragic prostitutes, cell-phone salesmen, AIDS patients, and Tibetan monks. He rides with members of a Shanghai jeep club, hitchhikes across the Gobi desert, and sings karaoke with migrant workers at truck stops along the way.As he recounts his travels along Route 312, Rob Gifford gives a face to what has historically, for Westerners, been a faceless country and breathes life into a nation that is so often reduced to economic statistics. Finally, he sounds a warning that all is not well in the Chinese heartlands, that serious problems lie ahead, and that the future of the West has become inextricably linked with the fate of 1.3 billion Chinese people.“Informative, delightful, and powerfully moving . . . Rob Gifford’s acute powers of observation, his sense of humor and adventure, and his determination to explore the wrenching dilemmas of China’s explosive development open readers’ eyes and reward their minds.” –Robert A. Kapp, president, U.S.-China Business Council, 1994-2004

The Strategy of Conflict


Thomas C. Schelling - 1960
    It proposes enlightening similarities between, for instance, maneuvering in limited war and in a traffic jam; deterring the Russians and one's own children; the modern strategy of terror and the ancient institution of hostages.

The Shield of Achilles: War, Peace, and the Course of History


Philip Bobbitt - 2002
    But now our world has changed irrevocably. What faces us in this era of fear and uncertainty? How do we protect ourselves against war machines that can penetrate the defenses of any state? Visionary and prophetic, The Shield of Achilles looks back at history, at the “Long War” of 1914-1990, and at the future: the death of the nation-state and the birth of a new kind of conflict without precedent.

The Twilight War: The Secret History of America's Thirty-Year Conflict with Iran


David Crist - 2012
    It is a conflict that has never been acknowledged and a story that has never been told.This surreptitious war began with the Iranian revolution and simmers today inside Iraq and in the Persian Gulf. Fights rage in the shadows, between the CIA and its network of spies and Iran's intelligence agency. Battles are fought at sea with Iranians in small speedboats attacking Western oil tankers. This conflict has frustrated five American presidents, divided administrations, and repeatedly threatened to bring the two nations into open warfare. It is a story of shocking miscalculations, bitter debates, hidden casualties, boldness, and betrayal.A senior historian for the federal government with unparalleled access to senior officials and key documents of several U.S. administrations, Crist has spent more than ten years researching and writing The Twilight War, and he breaks new ground on virtually every page. Crist describes the series of secret negotiations between Iran and the United States after 9/11, culminating in Iran's proposal for a grand bargain for peace-which the Bush administration turned down. He documents the clandestine counterattack Iran launched after America's 2003 invasion of Iraq, in which thousands of soldiers disguised as reporters, tourists, pilgrims, and aid workers toiled to change the government in Baghdad and undercut American attempts to pacify the Iraqi insurgency. And he reveals in vivid detail for the first time a number of important stories of military and intelligence operations by both sides, both successes and failures, and their typically unexpected consequences.Much has changed in the world since 1979, but Iran and America remain each other's biggest national security nightmares. "The Iran problem" is a razor-sharp briar patch that has claimed its sixth presidential victim in Barack Obama and his administration. The Twilight War adds vital new depth to our understanding of this acute dilemma it is also a thrillingly engrossing read, animated by a healthy irony about human failings in the fog of not-quite war.

China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle


Dinny McMahon - 2018
    While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system, have all become a regular fixture in the press in recent years, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it.Through the stories of ordinary Chinese citizens, McMahon tries to make sense of the unique--and often bizarre--mechanics of the Chinese economy, whether it be the state's addiction to appropriating land from poor farmers; or why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina; or why ambitious Chinese mayors build ghost cities; or why the Chinese bureaucracy was able to stare down Beijing's attempts to break up the state's pointless monopoly over the distribution of table salt.Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China's Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes--for better or worse--will shape the globe like never before.