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portada Six Myths That Hold Back America: And What America can Learn From the Growth of China's Economy
Type
Physical Book
Topic
development - economic development
Year
2011
Language
English
Pages
186
Format
Hardcover
ISBN
098398851x
ISBN13
9780983988519

Six Myths That Hold Back America: And What America can Learn From the Growth of China's Economy

Frank N. Newman (Author) · Diversion Books · Hardcover

Six Myths That Hold Back America: And What America can Learn From the Growth of China's Economy - Frank N. Newman

Physical Book

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Synopsis "Six Myths That Hold Back America: And What America can Learn From the Growth of China's Economy"

Why is China booming while the American economy lags?Despite a globally challenging economic environment, production in China has grown significantly every year, for the past twenty years. America’s GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even tepid growth. Why should this be?Over the last decade, economic thought and attitudes in the West have increasingly diverged from the underlying views in China, and significant contrasts have developed. Six Myths that Hold Back America analyzes key statements of accepted economic views in the U.S. to determine which have real basis in the U.S. financial system, and which are really just myths.Refreshing, stimulating, independent thinking―Frank Newman draws upon a wealth of practical experience in the private and public sectors, including his time as CEO of major banks in the U.S. and China, and in his role as Deputy Secretary of the U.S. Treasury. This experience at home and abroad helps him dissect a series of common economic beliefs and develop conclusions that deeply challenge conventional assumptions about the American economy.

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