First published 2021
China's entry into the World Trade Organization in 2001 was supposed to transform the nation into a liberal democracy. Twenty years later, globalization expert Clyde Prestowitz shows how spectacularly wrong that prediction was. China has grown more authoritarian and mercantilist, not less. Prestowitz avoids partisan rhetoric while dissecting the miscalculations of Washington's political class. He argues that narrow trade wars cannot address the broader challenge China presents to democratic nations. The book outlines sophisticated strategies that America and its allies can implement without violating international agreements. Prestowitz draws on decades of experience analyzing Asian economies to propose a comprehensive 25-page action plan. His work offers policymakers and concerned citizens a clear-eyed assessment of how to respond to China's rising power.
Genres: business, american, economics, 21st-century, current-affairs, academic
Vibes: intimate, suspenseful, thought-provoking
Tropes: clear-eyed-assessment, comprehensive-action-plan
Setting: China, Washington, Asia
Period: 2001, 20 years
344 pages · Hardcover · Yale University Press