Timely reading in an era of looming trade wars and the decline of American economic supremacy.
The United States and China are rivals on many fronts—and in California, “the world’s two most powerful countries are meeting, cooperating, and competing.”
Journalist Sheehan, a Californian who logged more than five years working in China, turns in a suggestive portrait of a place in which Chinese money has been responsible for no small amount of economic activity: the San Francisco Shipyards, say, “the city’s largest housing and retail development in decades,” and Hollywood, where many of today’s blockbusters have Chinese backing. In exchange, California-based companies such as Apple and Google have provided a lucrative outlet for Chinese manufacture while introducing new technologies into the Chinese market. In all, writes the author, China has reversed the position it held a century ago, a poor country whose chief export was labor. It has done so in at least some respects by shaping an image of California to suit itself: “blue skies, top universities, innovative technology, and global blockbusters.” The transformation has left China less dependent on outside markets—where Chinese graduate students in American universities once remained here, by one measure, most now return home with their advanced learning and skills—but has not substantially diminished the relationship between what Sheehan characterizes as America’s most liberal state and a stubbornly totalitarian government. Politics enters the picture along several fronts. Sheehan notes, for one thing, that whereas for generations California’s Chinese-descended population has been reliably Democratic, new immigrants, scornful of their predecessors, are often volubly conservative. Chinese companies have made missteps in California, notably in Hollywood, and American firms have made missteps in China, as when eBay opened the door for the emergence of Jack Ma’s giant Alibaba firm and was forced to retreat from the Chinese market, “the first time a Chinese internet company had gone head-to-head with its American rival and won.” Though the relationship has lately been troubled, Sheehan foresees continued interactions and mutual influence in decades to come.
Timely reading in an era of looming trade wars and the decline of American economic supremacy.Pub Date: Aug. 13, 2019
ISBN: 978-1-64009-214-3
Page Count: 240
Publisher: Counterpoint
Review Posted Online: May 25, 2019
Kirkus Reviews Issue: June 15, 2019
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
The author's youthfulness helps to assure the inevitable comparison with the Anne Frank diary although over and above the...
Elie Wiesel spent his early years in a small Transylvanian town as one of four children.
He was the only one of the family to survive what Francois Maurois, in his introduction, calls the "human holocaust" of the persecution of the Jews, which began with the restrictions, the singularization of the yellow star, the enclosure within the ghetto, and went on to the mass deportations to the ovens of Auschwitz and Buchenwald. There are unforgettable and horrifying scenes here in this spare and sombre memoir of this experience of the hanging of a child, of his first farewell with his father who leaves him an inheritance of a knife and a spoon, and of his last goodbye at Buchenwald his father's corpse is already cold let alone the long months of survival under unconscionable conditions.
Pub Date: Jan. 16, 2006
ISBN: 0374500010
Page Count: 120
Publisher: Hill & Wang
Review Posted Online: Oct. 7, 2011
Kirkus Reviews Issue: Jan. 15, 2006
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