Catching Up to America: Culture, Institutions, and the Rise of China

China's rapid rise is the most significant economic and geopolitical event in the 21st century, and this book debunks popular explanations of its growth. It demonstrates that the Confucian culture of savings and education is the true differentiating factor, offering powerful insights into China's rise.

\n Format: Paperback / softback
\n Length: 300 pages
\n Publication date: 09 September 2021
\n Publisher: Cambridge University Press
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China's remarkable rise has undoubtedly emerged as the most significant economic and geopolitical event of the 21st century. The factors contributing to its ascendancy have sparked intense curiosity and debate among scholars and policymakers alike. In this comprehensive and jargon-free exploration, the book delves into the intricate dynamics that have propelled China to the forefront of global economic growth. It challenges prevalent explanations, such as the abundance of cheap labor, export promotion, demographic dividend, strong government, and mercantilist policies, and instead presents a fresh perspective. Through a global comparative approach, the book convincingly demonstrates that the true differentiating factor behind China's faster growth compared to other developing countries over the past four decades is the profound influence of Confucian culture on savings and education. This cultural lens offers valuable insights into a range of questions related to China's rise, shedding light on its economic, social, and political implications.

The book begins by examining the historical roots of China's economic transformation. It explores the impact of the country's political system, social structure, and cultural values on its economic development. The authors argue that the Confucian culture of savings and education has played a pivotal role in shaping China's economic policies and practices. By emphasizing the importance of thrift, hard work, and education, Confucianism has instilled a sense of responsibility and discipline among Chinese individuals and institutions. This culture has fostered a savings habit, which has been a key driver of China's economic growth.

Furthermore, the book highlights the role of government policies in promoting economic growth. It examines the Chinese government's efforts to invest in infrastructure, education, and technology, as well as its policies aimed at promoting exports and attracting foreign investment. The authors argue that these policies have created a favorable business environment, which has attracted domestic and international entrepreneurs alike.

The book also explores the impact of China's rise on the global economy. It examines the trade relations between China and other countries, as well as the effects of China's economic growth on employment, income, and inequality. The authors argue that China's rise has contributed to global economic integration, but it has also created challenges, such as trade tensions and geopolitical conflicts.

In conclusion, China's rapid rise is a complex phenomenon that requires a comprehensive understanding. This book offers valuable insights into the factors that have contributed to China's growth, as well as its implications for the rest of the world. By examining the role of Confucian culture, government policies, and global economic dynamics, the book provides a fresh perspective on China's economic success and its potential impact on the global economy.

\n Weight: 448g\n
Dimension: 151 x 228 x 22 (mm)\n
ISBN-13: 9781009017657\n \n