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Chimerica
Chimerica is a neologism and portmanteau coined by Niall Ferguson and Moritz Schularick describing the symbiotic relationship between China and the United States, with incidental reference to the legendary chimera. Though the term is largely in reference to economics, there is also a political element. Origin Historian Niall Ferguson and economist Moritz Schularick first coined the term in late 2006, arguing that saving by the Chinese and overspending by Americans led to an incredible period of wealth creation that contributed to the financial crisis of 2007–08. For years, China accumulated large currency reserves and channeled them into US government securities, which kept nominal and real long-term interest rates artificially low in the United States. Ferguson describes Chimerica as one economy which "accounts for around 13 percent of the world's land surface, a quarter of its population, about a third of its gross domestic product, and somewhere over half of the global ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Niall Ferguson
Niall Campbell Ferguson FRSE (; born 18 April 1964)Biography Niall Ferguson is a Scottish-American historian based in the who is the Milbank Family Senior Fellow at the at and a senior fellow at the |
Global Saving Glut
A global saving glut (also GSG, cash hoarding, dead cash, dead money, glut of excess intended saving, or shortfall of investment intentions) is a situation in which desired savingAccording tBernanke 2005national saving is the "sum of saving done by households (for example, through contributions to employer-sponsored pension accounts) and saving done by businesses (in the form of retained earnings) less any budget deficit run by the government (which is a use rather than a source of saving). Government investment in roads or schools, for example, is part of national saving in the national income accounts. National saving is reduced by the government deficit net of government investment, not by the entire government deficit. The difference between domestic investment and national saving is not affected by this qualification, however, as government investment and the implied adjustment to national saving cancel each other out." exceeds desired investment. By 2005 Ben Bernanke, chairma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Savings Glut
A global saving glut (also GSG, cash hoarding, dead cash, dead money, glut of excess intended saving, or shortfall of investment intentions) is a situation in which desired savingAccording tBernanke 2005national saving is the "sum of saving done by households (for example, through contributions to employer-sponsored pension accounts) and saving done by businesses (in the form of retained earnings) less any budget deficit run by the government (which is a use rather than a source of saving). Government investment in roads or schools, for example, is part of national saving in the national income accounts. National saving is reduced by the government deficit net of government investment, not by the entire government deficit. The difference between domestic investment and national saving is not affected by this qualification, however, as government investment and the implied adjustment to national saving cancel each other out." exceeds desired investment. By 2005 Ben Bernanke, chairma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Group Of Two
The Group of Two (G-2 or G2) is a proposed informal special relationship between the People's Republic of China and the United States of America. Originally initiated in 2005 by C. Fred Bergsten as primarily an economic relationship, it began to gain wider currency and scope from foreign policy experts as a term recognizing the centrality of the Sino-American relations near the beginning of the Obama Administration. Prominent advocates include former National Security Advisor Zbigniew Brzezinski, historian Niall Ferguson, former World Bank President Robert Zoellick and former chief economist Justin Yifu Lin. As two of the most influential and powerful countries in the world, there have been increasingly strong suggestions within American political circles of creating a G-2 relationship where the United States and China would work out solutions to global problems together, and to prevent another cold war. History The concept of a G-2 was first raised by noted economist C. F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Ascent Of Money
''The Ascent of Money: A Financial History of the World'' is a 2008 book by then-Harvard professor Niall Ferguson, and an adapted television documentary for Channel 4 (UK) and PBS (US), which in 2009 won an International Emmy Award. It examines the long history of money, credit, and banking. Book The book deals with the rise of money as a trade form, and tracks its progression, development, and effects on society into the 21st Century. Documentary The book was adapted into a six-part television documentary with the new full title ''Ascent of Money: Boom and Bust'' for Channel 4 in the United Kingdom. It also aired on TVB Pearl in Hong Kong and ABC1 in Australia. In the United States, an edited two-hour version was aired in January 2009 by PBS. A newer, reorganized four-hour version with the original full title ''The Ascent of Money: The Financial History of the World'' was aired in July 2009 by PBS. Both versions can still be viewed online. Episodes - Original Version Ep. 1: D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chindia
Chindia is a portmanteau word that refers to China and India together in general. China and India share long borders, are both regarded as growing countries and are both among the fastest growing major economies in the world. Together, they contain over one-third of the world's population (nearly 2.7 billion). They have been named as countries with the highest potential for growth in the next 50 years in a BRIC report. BRIC is a grouping acronym that refers to the countries of Brazil, Russia, India and China. Arguments against Politically, China can be characterized as a single party authoritarian state whereas India is a democracy of hundreds of political parties. India's culture can be characterized by a high degree of pluralism whereas China has a more ethnically homogeneous population, though the concept of Han ethnicity is itself challenged. The commonly cited complementary nature of China and India's economies is also being questioned as the service sector in China is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China USA Locator
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and Borders of China, borders fourteen countries by land, the List of countries and territories by land borders, most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third List of countries and dependencies by area, largest country by total land area. The country consists of 22 provinces of China, provinces, five autonomous regions of China, autonomous regions, four direct-administered municipalities of China, municipalities, and two special administrative regions of China, Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the List of cities in China by population, most populous cit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bretton Woods II
An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have different currencies. It should provide means of payment acceptable to buyers and sellers of different nationalities, including deferred payment. To operate successfully, it needs to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade, and to provide means by which global imbalances can be corrected. The system can grow organically as the collective result of numerous individual agreements between international economic factors spread over several decades. Alternatively, it can arise from a single architectural vision, as happened at Bretton Woods in 1944. Historical overview Throughout history, precious metals such as gold and silver have been used for trade, sometimes in the form of bullion, and from ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alan M
Alan may refer to: People * Alan (surname), an English and Turkish surname * Alan (given name), an English given name **List of people with given name Alan ''Following are people commonly referred to solely by "Alan" or by a homonymous name.'' *Alan (Chinese singer) (born 1987), female Chinese singer of Tibetan ethnicity, active in both China and Japan *Alan (Mexican singer) (born 1973), Mexican singer and actor * Alan (wrestler) (born 1975), a.k.a. Gato Eveready, who wrestles in Asistencia Asesoría y Administración *Alan (footballer, born 1979) (Alan Osório da Costa Silva), Brazilian footballer *Alan (footballer, born 1998) (Alan Cardoso de Andrade), Brazilian footballer *Alan I, King of Brittany (died 907), "the Great" *Alan II, Duke of Brittany (c. 900–952) * Alan III, Duke of Brittany(997–1040) *Alan IV, Duke of Brittany (c. 1063–1119), a.k.a. Alan Fergant ("the Younger" in Breton language) *Alan of Tewkesbury, 12th century abbott *Alan of Lynn (c. 1348–1423), 15th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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