Examines the widening economic inequality in the United States, China, and India, and what can be done to ameliorate this.

Here is the most comprehensive and authoritative work to date on relationships between the economy and politics in the years from Eisenhower through Reagan. Extending and deepening his earlier work, which had major impact in both political science and economics, Hibbs traces the patterns in and sources of postwar growth, unemployment, and inflation. He identifies which groups win and lose from inflations and recessions. He also shows how voters' perceptions and reactions to economic events affect the electoral fortunes of political parties and presidents. Hibbs's analyses demonstrate that political officials in a democratic society ignore the economic interests and demands of their constituents at their peril, because episodes of prosperity and austerity frequently have critical influence on voters' behavior at the polls. The consequences of Eisenhower's last recession, of Ford's unwillingness to stimulate the economy, of Carter's stalled recovery were electorally fatal, whereas Johnson's, Nixon's, and Reagan's successes in presiding over rising employment and real incomes helped win elections. The book develops a major theory of macroeconomic policy action that explains why priority is given to growth, unemployment, inflation, and income distribution shifts with changes in partisan control of the White House. The analysis shows how such policy priorities conform to the underlying economic interests and preferences of the governing party's core political supporters. Throughout the study Hibbs is careful to take account of domestic institutional arrangements and international economic events that constrain domestic policy effectiveness and influence domestic economic outcomes. Hibbs's interdisciplinary approach yields more rigorous and more persuasive characterizations of the American political economy than either purely economic, apolitical analyses or purely partisan, politicized accounts. His book provides a useful benchmark for the advocacy of new policies for the 1990s--a handy volume for politicians and their staffs, as well as for students and teachers of politics and economics.

This investigation uses state-mobilized globalization as a framework to understand China's capitalism and emergence as a global power.

Examines China's overseas financial investments in the developing world, and its impact on national economic policymaking in the Americas.

"In the next decade and a half, China and India will become two of the world's indispensable powers--whether they rise peacefully or not. During that time, Asia will surpass the combined strength of North America and Europe in economic might, population size, and military spending. Both India and China will have vetoes over many international decisions, from climate change to global trade, human rights, and business standards. From her front row view of this colossal shift, first at the State Department and now as an advisor to American business leaders, Anja Manuel escorts the reader on an intimate tour of the corridors of power in Delhi and Beijing. Her encounters with political and business leaders reveal how each country's history and politics influences their conduct today. Through vibrant stories, she reveals how each country is working to surmount enormous challenges--from the crushing poverty of Indian slum dwellers and Chinese factory workers, to outrageous corruption scandals, rotting rivers, unbreathable air, and managing their citizens' discontent. We wring our hands about China, Manuel writes, while we underestimate India, which will be the most important country outside the West to shape China's rise. Manuel shows us that a different path is possible--we can bring China and India along as partners rather than alienating one or both, and thus extend our own leadership in the world"--

In recent decades, Asia’s ascent has been contextualized as the rise of two major neighboring countries in Asia – India and China. Besides voluminous work on the prospects and convergences between the two, currently they stand at an intersection of time where suspicion and mistrust veils the confidence. A degree of uncertainty arises from the more profound paradoxes, and India has been falling short in escaping the tailspin China has created in the bilateral, regional and global economic dynamics. India’s China relations is not just about boundaries and boycott of Chinese products. The root of the relationship lies in deficiency of trust, knowledge, and repository of experts on China. To deal with India’s China Tailspin effectively, one must know and comprehend China thoroughly. This book brings out several aspects of India’s political-economic relations with China on the table. The book underlines the fact that while leveraging China’s inherent contradictions, India has to deleverage from China’s subtle global aspirational designs of domination. Besides analyses on leadership, state capitalism, and geo-economics, the book describes special cases such as the Trade War, Structural Conflicts in Chinese Political Economy, Bangladesh-China-India-Myanmar Economic Corridor, WTO negotiations, Maritime trade, Belt and Road Initiative, and Taiwan to better elaborate the stakes involved in dealing with China. The recent boundary tension created a long tailspin, which in turn set off a raucous debate over China’s economic diplomacy and how India could comprehend it well. Please note: Taylor & Francis does not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.

The precipitous rise in global and national economic inequality, which the inexorable force of globalization promised to address with affluence and abundance for all, has returned with a vengeance. The problem of worsening socioeconomic inequality and how best to ameliorate this pernicious resurgence occupies center stage of national and international politics. This study investigates the coexistence of high rates of economic growth and unparalleled prosperity (including a review of the decline in poverty levels in China and India and many other developing countries) with rises in income and wealth inequality in the United States, China, and India. This book examines the overall effectiveness of the measures taken by these three countries to address such anomalies, and what they should do to tackle the problem of widening inequality. This study breaks new ground by providing an original comparative analysis of the challenges facing the world's three major economies.