
Can China Save the Global Order?
Mar 20, 2017 questions whether Asia's rising power is in a position to take the baton from the US.
Yong Deng is Professor in Political Science at the US Naval Academy at Annapolis, Maryland. His books on Chinese foreign relations include China’s Struggle for Status.
Mar 20, 2017 questions whether Asia's rising power is in a position to take the baton from the US.
Huge fiscal and monetary stimulus programs have sparked a growing debate about whether advanced economies may sooner or later experience the sort of rapid price growth last seen a generation ago. While stimulus advocates point to current weak demand and the public’s deeply ingrained low-inflation expectations, anxious hawks fear that a new and dangerous global inflationary consensus may be taking hold.