Partners and Rivals Book Summary - Partners and Rivals Book explained in key points

Partners and Rivals summary

Wendy Dobson

The Uneasy Future of China’s Relationship with the United States

3.9 (16 ratings)
15 mins

Brief summary

Partners and Rivals by Wendy Dobson is a timely book that analyzes the evolving relationship between China and the West. It delves into the economic and political aspects of this partnership, highlighting challenges and opportunities for both sides.

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    Partners and Rivals
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    Over the last few decades, China has become a new global superpower.

    When the financial crisis hit the world in 2008, whole countries were plunged into despair and frustration – but not China. In fact, the collapse of the developed economies allowed China to rise to new heights of economic and political power.

    And now, China is about to become the world’s most powerful economy.

    The 2000s were China’s decade. During that period, the United States, Japan and Germany all went through slumps, their annual growth rate seldom rising above two percent, while China's economy continuously grew at a staggering rate of ten percent.

    Even before the financial crisis, specialists were predicting that China would overtake the United States as the world’s biggest economy by 2041. But due to the crumbling financial markets and debt explosion of the 2008 collapse, it is now believed that China will overtake the United States by 2026.

    China is also taking a frontline position in world trade. Its $2 trillion trade with its top six trading partners takes up eight percent of total international trade. And here begins our US–China saga: the United States is the country’s most important market by far, with as much as 18 percent of all US imports coming from China.

    Now China is turning this economic weight into political influence.

    In response to the financial crisis, the entire global community came together to seek solutions. With that purpose in mind, the Western-dominated G7 was replaced by the G20 summit of the biggest 20 economies. This enabled China, which had previously been sidelined, to take a leading role in directing global economic policy. And recently China has increased their influence over the International Monetary Fund (IMF) – one of the most important financial institutions in the world – currently holding the third highest voting rights in the organization.

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    What is Partners and Rivals about?

    In Partners and Rivals, Dobson lays bare the relationship between the two biggest powers in global politics: the United States and China. She describes the consequences of China’s meteoric rise to power, and the inevitable tensions it has created. But she also offers advice that both the United States and China would do well to follow – for the good of the whole world.

    Partners and Rivals Review

    Partners and Rivals (2010) by Wendy Dobson provides an insightful look into the complex dynamics of economic relationships between major global powers. Here's why this book is worth reading:

    • It offers a comprehensive analysis of the partnerships and rivalries that shape the global economy, giving readers a deeper understanding of the interconnectedness of nations.
    • Through examination of real-world examples and historical context, the book sheds light on the economic strategies and policies that drive global power dynamics.
    • With its clear and accessible language, the book makes the topic of international economics engaging and accessible, ensuring readers won't find it boring at all.

    Best quote from Partners and Rivals

    Singapores former prime minister Lee Kuan Yew sees China as the biggest player in history.

    —Wendy Dobson
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    Who should read Partners and Rivals?

    • Anybody interested in world politics and international relations
    • Anybody wishing to understand the state of economic affairs in China
    • All US and Chinese citizens.

    About the Author

    Wendy Dobson is an acclaimed Canadian economist and co-director of the Institute for International Business at the University of Toronto. She has served as Canadian Associate Deputy Minister of Finance, and has published multiple books on Asia and the international economy.

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    Partners and Rivals FAQs 

    What is the main message of Partners and Rivals?

    The main message of Partners and Rivals explores the dynamics of competition and collaboration in the global economy.

    How long does it take to read Partners and Rivals?

    The reading time for Partners and Rivals varies, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.

    Is Partners and Rivals a good book? Is it worth reading?

    Partners and Rivals is worth reading for its valuable insights into the complex interplay between partnerships and competition in today's global business landscape.

    Who is the author of Partners and Rivals?

    The author of Partners and Rivals is Wendy Dobson.