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    Paper Dragons: China and the Next Crash
    Unavailable
    Paper Dragons: China and the Next Crash
    Unavailable
    Paper Dragons: China and the Next Crash
    Ebook380 pages4 hours

    Paper Dragons: China and the Next Crash

    By Walden Bello

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Emerging relatively unscathed from the banking crisis of 2008, China has been viewed as a model of both rampant success and fiscal stability. But beneath the surface lies a network of fissures that look likely to erupt into the next big financial crash. A bloated real-estate sector, roller-coaster stock market, and rapidly growing shadow-banking sector have all coalesced to create a perfect storm: one that is in danger of taking the rest of the world’s economy with it.

    Walden Bello traces our recent history of financial crises – from the bursting of Japan’s ‘bubble economy’ in 1990 to Wall Street in 2008 – taking in their political and human ramifications such as rising inequality and environmental degradation. He not only predicts that China might be the site of the next crash, but that under neoliberalism this will simply keep happening. The only way that we can stop this cycle, Bello argues, is through a fundamental change in the ways that we organise: a shift to cooperative enterprise, respectful of the environment, and which fractures the twin legacies of imperialism and capitalism.

    Insightful, erudite and passionate, Paper Dragons is a must-read for anyone wishing to prevent the next financial meltdown.

    LanguageEnglish
    PublisherZed Books
    Release dateAug 15, 2019
    ISBN9781786995995
    Unavailable
    Paper Dragons: China and the Next Crash
    Author

    Walden Bello

    Walden Bello is a political activist and Professor of Sociology and Public Administration at the University of the Philippines in Manila, as well as executive director of Focus on the Global South, a policy research institute based in Bangkok and for which he was the Founding Director. He was previously executive director of the Institute for Food and Development Policy (Food First) in Oakland, California and was educated at Princeton University. He has taught at the University of California, Berkeley. In 2003, Bello was awarded the Right Livelihood Award, whose website describes him as "one of the leading critics of the current model of economic globalization, combining the roles of intellectual and activist." Bello is also a fellow of the Transnational Institute (based in Amsterdam), and is a columnist for Foreign Policy In Focus. In March 2008 he was named Outstanding Public Scholar for 2008 by the International Studies Association. Bello is the author of Deglobalization: Ideas for a New Global Economy, Dark Victory: The United States and Global Poverty and Dilemmas of Domination: The Unmaking of the American Empire.

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