Addressing Uncertainty

The book focuses on the uncertainty the world is facing which leads to numerous challenges to global economy. As the global economy grapples with the complexities of the risk triangle and microeconomic entities experience significant oxygen depletion, the challenge of managing uncertainty, moving beyond zero-sum paradigms, and stabilizing the development of expectations has emerged as a critical mission for all countries, including major economies such as China, the United States, Europe, and Japan. The author tries to reveal the key fact behind the economic development in respond to recession economics, that is the economic growth in long term relies on endogenous tecnological advancements and continuous improvements in human capital. It aims to equip readers with the knowledge to find "certainty" in an uncertain world.

Addresses the lack of guarantors in the global economic system making the most pressing challenge for global governance Covers hot topics leading to uncertainty like Sino-US relation, epidemic's impacts, global economic order reshaping Reveals key engines and logic for China's sustainable and high-quality economic development in the past and future

Autorentext

Yugui Zhang is an academic member of the International Finance Forum (IFF), a council member of American Economics Association of China. He has been recognized with several prestigious awards, including the Outstanding Contribution Award for the first flight of the C919 by the Commercial Aircraft Corporation of China, the First Prize for Excellent Teaching Achievements in Shanghai Higher Education, and the Second Prize for the 14th Shanghai Decision-making and Consulting Research Achievements. As the director, he led the Master of Finance program at Shanghai International Studies University (SISU) to achieve first place in the national evaluation in 2018. He also guided the International Economics and Trade and Accounting programs at SISU to be selected as first-class undergraduate programs by the Ministry of Education of the People's Republic of China, and the Finance program to be recognized as a first-class undergraduate program by the Shanghai Municipality.

Klappentext

The book focuses on the "uncertainty" the world is facing which leads to numerous challenges to global economy. As the global economy grapples with the complexities of the "risk triangle" and microeconomic entities experience significant "oxygen depletion", the challenge of managing uncertainty, moving beyond zero-sum paradigms, and stabilizing the development of expectations has emerged as a critical mission for all countries, including major economies such as China, the United States, Europe, and Japan. The author tries to reveal the key fact behind the economic development in respond to recession economics, that is the economic growth in long term relies on endogenous tecnological advancements and continuous improvements in human capital. It aims to equip readers with the knowledge to find "certainty" in an "uncertain world".

Inhalt

Chapter 1.-The Emerging Threats of Economic Darwinism. Chapter 2 .-Who is Desperate to Look for Solutions in an Epidemic.Chapter 3.-Global Economic Imbalances: A Macroeconomic Perspective. Chapter 4.-The Absence of Guarantors in the Global Economic System. Chapter 5.-The Adverse Impact of U.S. Pressure on China. Chapter 6.- Why MMT Theory Won't Rescue the U.S. Economy. Chapter 7.-A New Development Model: Facilitating Dual Internal and External Circulation. Chapter 8.-The Logical Framework of Economics in High-Level Reform and Opening-Up. Chapter 9.-Strategies for Achieving Effective Growth and Coordinated Economic Development. Chapter 10.- Mitigating Systemic Economic and Financial Risks. Chapter 11.-The Urgent Need for Change in Mainstream Economics. Chapter 12.-Pathways to Sustainable Global Economic Growth. Chapter 13.-Foundations of China's .High-Quality Economic Development.Chapter 14.-Prosperous Coexistence Through Global Cooperation.