Business

Many thought China’s rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself entrenched in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung exposes the competing interests and economic realities that temper the dream of Chinese supremacy—forces that are stymieing growth throughout the global South. Hung focuses on four common misconceptions about China’s boom: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world’s wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Dispelling many of the world’s fantasies and fears, Hung warns of a post-miracle China that will grow increasingly assertive in attitude while remaining constrained in capability. —Columbia University Press{chop}

One of Asia's best-respected writers on business and economy, Hong Kong-based author Mark L. Clifford provides a behind-the-scenes look at what companies in China, India, Japan, Korea, the Philippines, South Korea, Singapore, and Thailand are doing to build businesses that will lessen the environmental impact of Asia's extraordinary economic growth. Dirty air, foul water, and hellishly overcrowded cities are threatening to choke the region's impressive prosperity. Recognizing a business opportunity in solving social problems, Asian businesses have developed innovative responses to the region's environmental crises.{node, 13216}From solar and wind power technologies to green buildings, electric cars, water services, and sustainable tropical forestry, Asian corporations are upending old business models in their home countries and throughout the world. Companies have the money, the technology, and the people to act—yet, as Clifford emphasizes, support from the government (in the form of more effective, market-friendly policies) and the engagement of civil society are crucial for a region-wide shift to greener business practices. Clifford paints detailed profiles of what some of these companies are doing and includes a unique appendix that encapsulates the environmental business practices of more than fifty companies mentioned in the book.  —Columbia Business School Publishing  {chop}

Maverick environmental writers William J. Kelly and Chip Jacobs follow up their acclaimed Smogtown with a provocative examination of China’s ecological calamity already imperiling a warming planet. Toxic smog most people figured was obsolete needlessly kills as many as died in the 9/11 attacks every day, while sometimes Grand Canyon-sized drifts of industrial particles aloft on the winds rain down ozone and waterway-poisoning mercury in America.In vivid, gonzo prose blending first-person reportage with exhaustive research and a sense of karma, Kelly and Jacobs describe China’s ancient love affair with coal, Bill Clinton’s blunders cutting free-trade deals enabling the U.S. to "export" manufacturing emissions to Asia in a shift that pilloried the West's middle class, Communist Party manipulation of eco-statistics, the horror of cancer villages, the deception of the 2008 Beijing Olympics, and spellbinding peasant revolts against cancer-spreading plants involving thousands in mostly-censored melées. Ending with China’s monumental coal-bases decried by climatologists as a global warming dagger, The People's Republic of Chemicals names names and emphasizes humanity over bloodless statistics in a classic sure to ruffle feathers as an indictment of money as the real green that not even Al Gore can deny.   —Rare Bird Books, A Vireo Book  {chop}