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Chinese Communism and Global Capitalism: OffShore Macroeconomics

dc.contributor.authorYoung, Leslie
dc.date.accessioned2015-02-11T21:38:33Z
dc.date.accessioned2022-07-06T22:31:02Z
dc.date.available2015-02-11T21:38:33Z
dc.date.available2022-07-06T22:31:02Z
dc.date.copyright17/08/2006
dc.date.issued2006
dc.description.abstractThe 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.formatpdfen_NZ
dc.identifier.urihttps://ir.wgtn.ac.nz/handle/123456789/18913
dc.language.isoen_NZ
dc.publisherTe Herenga Waka—Victoria University of Wellingtonen_NZ
dc.rightsPermission 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/123456789/18870en_NZ
dc.subjectcapitalismen_NZ
dc.subjectChinaen_NZ
dc.titleChinese Communism and Global Capitalism: OffShore Macroeconomicsen_NZ
dc.typeTexten_NZ
vuwschema.contributor.unitNew Zealand Institute for the Study of Competition and Regulationen_NZ
vuwschema.contributor.unitVictoria Business School: Orauarikien_NZ
vuwschema.subject.anzsrcfor149999 Economics not elsewhere classifieden_NZ
vuwschema.subject.anzsrcforV2389999 Other economics not elsewhere classifieden_NZ
vuwschema.type.vuwWorking or Occasional Paperen_NZ

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