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Articles by Barry Eichengreen March
The Cashless Revolution: China’s Reinvention of Money and the End of America’s Domination of Finance and Technology Original
In This Review In This Review The Cashless Revolution: China’s Reinvention of Money and the End of America’s Domination of Finance and Technology Chorzempa charts the rise and fall of economic reformers in the Chinese Communist Party through the lens of financial technology. The upstart e-commerce and social-media companies Ant and WeChat developed payment “super-apps” Alipay and WeChatPay, respectively, as central elements of their business models.
The Long Shadow of Default: Britain’s Unpaid War Debts to the United States, 1917–2020
In This Review In This Review The Long Shadow of Default: Britain’s Unpaid War Debts to the United States, 1917–2020 In this thought-provoking book, Gill recounts the forgotten history of the United Kingdom’s 1934 default on its World War I debts to the United States. One of the largest payment suspensions in history, this episode is typically omitted from scholars’ lists of sovereign debt defaults because it was soon overtaken by World War II.
Chip War: The Fight for the World’s Most Critical Technology
In This Review In This Review Chip War: The Fight for the World’s Most Critical Technology At once edifying and entertaining, Miller’s book traces the history of the global semiconductor industry. Early on, firms producing semiconductors depended on demand for their products from the U.S. defense and military establishment. Now, by contrast, that defense establishment depends on the chip industry for critical strategic and battlefield capabilities.
The United States vs. China: The Quest for Global Economic Leadership
In This Review In This Review The United States vs. China: The Quest for Global Economic Leadership Many observers despair of the prospects for broad economic cooperation between the United States and China. Not Bergsten. He offers a vision of “conditional cooperation” between the two countries, in which their governments jointly lead the global economic order. Washington would acknowledge Beijing’s co-leadership; in return, China would accept the responsibilities accompanying such a position.
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