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| Recommended Reading |
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| email: canada |
The Chinese Conundrum: External Financial Strength, Domestic Financial Weakness [pdf download] by Brad Setser Roubini Global Economics (November 2005) This paper examines the potential risks created by China's recent investment boom by comparing developments in China since 2001 with the Asian economies that boomed in the mid-1990s. Emphasis is placed on the role of the banking sector, credit expansion, short-term debt, public and trade deficits as factors in modern banking and currency crises. China's Global Hunt for Natural Resources [pdf download] by David Zweig and Bi Jianhai Foreign Affairs (Sept./Oct. 2005) Zweig and Bi provide an excellent analysis of the impacts that Chinese economic growth is having on international resource markets and the consequent geopolitical effects. China's dependence on foreign resources is shaping a new foreign policy for the Chinese Communist Party and engaging the country with a variety of regimes shunned by the West. This paper, most notably the section entitled Beyond Good and Evil, expands upon the issues that are discussed in my paper The Rise of a Sino-Centric Global Oil Market (available at My Papers). The Dragon and the Eagle [link] The Economist (30 Sept. 2004) Outlines the growing relationship between China and the US who are the current engines and conductors of the global economy. Discusses the threats posed by unsustainable levels of American consumerism and Chinese dependence on this consumption. Also considered are the monteray concerns of China's pegged exchange rate (since changed to to a managed "floating" rate) and its propping up of the American dollar. |
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