Playing Our Game: Why China's Rise Doesn't Threaten the West [EPUB]
13 July 2014, 07:25
2012 | EPUB | 2.16MB
Conventional wisdom holds that China's burgeoning economic power has reduced the United States to little more than a customer and borrower of Beijing. The rise of China, many feel, necessarily means the decline of the West--the United States in particular.
Not so, writes Edward Steinfeld. If anything, China's economic emergence is good for America. In this fascinating new book, Steinfeld asserts that China's growth is fortifying American commercial supremacy, because (as the title says) China is playing our game. By seeking to realize its dream of modernization by integrating itself into the Western economic order, China is playing by our rules, reinforcing the dominance of our companies and regulatory institutions. The impact of the outside world has been largely beneficial to China's development, but also enormously disruptive. China has in many ways handed over--outsourced--the remaking of its domestic economy and domestic institutions to foreign companies and foreign rule-making authorities. For Chinese companies now, participation in global production also means obedience to foreign rules. At the same time, even as these companies assemble products for export to the West, the most valuable components for those products come from the West. America's share of global manufacturing, by value, has actually increased since 1990.
Within China, the R&D centers established by Western companies attract the country's best scientists and engineers, and harness that talent to global, rather than indigenous Chinese, innovation efforts. In many ways, both Chinese and American society are benefiting as a result. That said, the pressures on China are intense. China is modeling its economy on the United States, with vast consequences in a country with a small fraction of America's per-capita income and scarcely any social safety net. Walmartization is not something that Asian manufacturing power is doing to us; rather, it is how we are transforming China.
From outsourcing to energy, Steinfeld overturns the conventional wisdom in this incisive and richly researched account.
The Unofficial US Census [EPUB]
13 July 2014, 07:19
2011 | EPUB | 3.39MB
On April 1, 2011, the Official 2010 U.S. Census Report will be released. On that same day, The Unofficial U.S. Census will shed light (and a bit of laughter) on all the other facts that Americans are itching to know about our country and each other.
Les Krantz and Chris Smith have collected facts from a variety of sources, compiling a fascinating and insightful look into America—an up-to-date demographic profile that will include what the government forgot to ask us, such as who we sleep with, what we ingest, what we own, what we drive, when we have sex, what we tattoo on our bodies, and much more! With clever photos and captions, the book includes fifty enlightening and fun chapters covering all aspects of American life, including sporting activities, sex, edibles, education, religious beliefs, family profiles, criminal activities, body piercing, dating, driving, and net worth. The Unofficial U.S. Census is an engaging portrait of America, jammed with facts and fun—warts and all!
The Economist Guide to Financial Markets [EPUB]
13 July 2014, 02:27
2014 | EPUB | 3.25MB
Extensively revised and updated following the fallout from the global financial crisis, the 6th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand.
In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates.
Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.