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The Bill from the China Shop: How Asia's Savings Glut Threatens the World Economy
 
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The Bill from the China Shop: How Asia's Savings Glut Threatens the World Economy (Paperback)
by Charles Dumas (Author), Diana Choyleva (Author)
4.5 out of 5 stars  (2 customer reviews)

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Product details
  • Paperback: 149 pages
  • Publisher: Profile Books Ltd (23 Jan 2006)
  • Language English
  • ISBN-10: 1861978715
  • ISBN-13: 978-1861978714
  • Product Dimensions: 21.4 x 13.6 x 1.4 cm
  • Average Customer Review: 4.5 out of 5 stars  (2 customer reviews)
  • Amazon.co.uk Sales Rank: 231,479 in Books (See Bestsellers in Books)
    (Publishers and authors: Improve Your Sales)

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Product Description
Synopsis
Alan Greenspan's tenure at the US Federal Reserve coincided with a period of unparalleled global growth, stability and prosperity. But, the world economy has been warped since the 1997 Asian crisis by excessive saving in China and developing Asia, as well as in Japan and north-central Europe. Unsophisticated economic policies and primitive financial systems notably in China, but also in other parts of Asia have resulted in the global economy now depending on unprecedented current account deficits and the willingness of America, Britain, Australia and increasingly Mediterranean Europe, to import goods and capital.

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