ISBN 9789382264644,The World Under Pressure: How China And India Are Influencing The Global Economy And Environment

The World Under Pressure: How China And India Are Influencing The Global Economy And Environment





Cambridge University Press

Publication Year 2012

ISBN 9789382264644

ISBN-10 9382264647


Number of Pages 326 Pages
Language (English)


ecurity, and global governance. The author uses this framework to provide data on the speed of global power shifts and to trace the implications for nations worldwide.

Specifically, as the book shows, China and India's unchecked growth has the potential to ignite trade, resource, cold, and conventional wars. Moreover, these nations could set in motion monumental challenges related to climate change. The author argues that the current international governance system is not actively trying to defuse the challenges of these frictions. The major powers, including China and India, must do more to address the gathering storm. Developing sustainable economic and social relationships will be a most difficult charge, but the cost of putting off reforms will be lower global welfare. The author discusses the starting points for initiating these changes. The book will be of interest to students and researchers of Development Economics, International Relations and Asian Politics.

Table of Contents

List of Figures
List of Tables
List of Abbreviations
1. Rising Powers

Why This Book? The Rise of These Two Powers Is Stressing the Global System
Structure of the Book: Review the Past to Get Insights into the Present and the Future
2. Insights from History of Power Shifts and Growing Interdependence

Conflicting Theories Provide Relevant Perspectives
This Book Uses a Broad Framework to Analyze and Track Power Shifts
2000-Year Overview of the Rise and Decline of Power
Shows Frictions Spiral into Wars and Changes of the Global System
There Have Been Significant Shifts in Economic Size Even in the Last 30 Years
Conclusion: The History of Power Shifts Is Not Reassuring
3. Understanding the Rapid Rise of China and India

Basic Comparisons
Some Similarities in Otherwise Very Different Histories
A Macroaccounting for the Differences in Growth
The Type and Role of Government
Two Contrasting Growth Strategies
Acquiring Technology from the Rest of the World
Conclusion: Both Countries' Growth Is Largely Driven by Technological Catch-Up and Participation in the International System
4. Positive Growth Prospects for China and India

The Impact of the 2008-2009 Financial Crisis on China and India
Long-Term Projections for Growth of China and India
China and India Face Daunting Challenges
Both Countries Are Increasing Their Competitiveness
Part of Their New Competitive Advantage Is Their Growing Critical Mass in Higher Education
They Are Also Moving from Imitation to Innovation
Both Countries Are Likely to Continue to Grow Much Faster Than the World Average for the Next Two Decades
5. Growing Economic and Geopolitical Impact

Positive and Negative Impact Through Increased Trade
From China's Trade Surpluses to Global Imbalances
Growing Foreign Direct Investment (FDI)
A Tilted Technology Playing Field
Growing Geopolitical Impact of the Rise of China
6. Environmental and Natural Resource Impact

China and India Are Resource Poor
The Rapid Growth of China and India Combined with Their Large Populations Is Creating Global Environmental Sustainability Problems
China and India Will Account for the Majority of Global Increase in Energy Demand and CO2 Emissions from 2008 to 2035
There Is a Stalemate on Action to Deal with Climate Change Because It Is a Zero-Sum Game
Technological Innovation Is a Way to Break the Climate Change Deadlock, but Not Enough Investments in R&D Are Being Made
There Is Also Increasing Pressure on the Environment from the Growth of Other Developing Countries
7. Power Shifts and Rising Frictions Have Implications for the Global System and the United States

The Rapid Rise of China and India Is Putting Pressure on the Global Governance System
Growing Friction Areas Are Beyond the Current Capabilities of the International System
Risks That Frictions May Lead to Greater Problems
Evolution Within the Existing System or the Rise of a New System?
What Can/Should the United States Do?
8. How Will the World Adjust to the Swift Ascent of China and India?

Alternative Scenarios
Moving Toward a More Sustainable System
Implications for Other Developing Countries Vary
Conclusion: The Main Powers Need to Take Stronger Actions to Ensure a More Sustainable and Equitable Global System