This book examines the political economy of conflict between China, a rising power, and the USA, a declining one. It provides an informed analysis as to why China is the main beneficiary of neo-liberal globalisation, a project launched in the wake of the collapse of the Bretton Woods system in the late 1960s under the aegis of the USA. Why are Huawei and other Chinese high-tech giants targeted by the USA and its allies? What is the role of the state and the Chinese political system in the development of Chinas political economy, as well as its globalisation? Does Chinas global rise provide a viable and sustainable alternative to neo-liberal globalisation? Since American leaders view increasingly the rise of China as a threat, how likely is an armed conflict between China and the USA? This book answers these questions by using a wealth of empirical material and debating with many theoretical schools of thought, Marxist or otherwise.Chapter 1. Introduction.- Chapter 2. The vulnerability of the American empire-state.- Chapter 3. The ordoliberal EU.- Chapter 4. The power of constraints and the convergence of the governorates of the Left and the Right in Europe.- Chapter 5. A first set of conclusions.- Chapter 6. How China rose to prominence.- Chapter 7. Data and analysis of Chinese ascendancy.- Chapter 8. Chinas aggregate demand management since 2008.- Chapter 9. Neo-liberalism, China and Covid-19.- Chapter 10. Conclusion.This is an excellent account of the political economy of Chinas rise vis-?-vis the U.S. and Europe. This well-organized, engaging and fluent book departs from others & . The book is effectively structured. & this is a thought-provoking work that creates room for much more discussion. & I recommend this outstanding book, not only to those interested in China but to any keen observer of international affairs. (Defne G?nen?, Journal of Chinese Political Science, Vol. 26, 2021)
Vassilis K. Fouskas islCƒ