Chinese Communism and Global Capitalism: OffShore Macroeconomics
dc.contributor.author | Young, Leslie | |
dc.date.accessioned | 2015-02-11T21:38:33Z | |
dc.date.accessioned | 2022-07-06T22:31:02Z | |
dc.date.available | 2015-02-11T21:38:33Z | |
dc.date.available | 2022-07-06T22:31:02Z | |
dc.date.copyright | 17/08/2006 | |
dc.date.issued | 2006 | |
dc.description.abstract | The contrasting histories cultures and institutional structures of China and the US have drawn them into an ironic partnership: each outsources the most embarrassing parts of its political economy to the other. One outcome is a massive shift of intellectual property trademarks and profits to offshore tax havens by US multinationals aided and abetted by China in return for free access to that intellectual property. This is why the trade and macroeconomic inbalances between the US and China have not affected the US dollar. The macroeconomic inbalances should eventually be resolved via some mix of US debt repudiation China's expropriation of US multinationals and their joint shutdown of the tax havens. | en_NZ |
dc.format | en_NZ | |
dc.identifier.uri | https://ir.wgtn.ac.nz/handle/123456789/18913 | |
dc.language.iso | en_NZ | |
dc.publisher | Te Herenga Waka—Victoria University of Wellington | en_NZ |
dc.rights | Permission to publish research outputs of the New Zealand Institute for the Study of Competition and Regulation has been granted to the Victoria University of Wellington Library. Refer to the permission letter in record: https://ir.wgtn.ac.nz/handle/123456789/18870 | en_NZ |
dc.subject | capitalism | en_NZ |
dc.subject | China | en_NZ |
dc.title | Chinese Communism and Global Capitalism: OffShore Macroeconomics | en_NZ |
dc.type | Text | en_NZ |
vuwschema.contributor.unit | New Zealand Institute for the Study of Competition and Regulation | en_NZ |
vuwschema.contributor.unit | Victoria Business School: Orauariki | en_NZ |
vuwschema.subject.anzsrcfor | 149999 Economics not elsewhere classified | en_NZ |
vuwschema.subject.anzsrcforV2 | 389999 Other economics not elsewhere classified | en_NZ |
vuwschema.type.vuw | Working or Occasional Paper | en_NZ |
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