No magical economic policies will keep the U.S. from being eclipsed by China, argues Subramanian (Peterson Institute for International Economics, Washington, DC). Presenting a comparative analysis of China's economic rise with past dominance by the U.S. and Great Britain, the think-tank fellow examines the effect that China's growing clout will have on the U.S. and global trading system. Proposals for reconciling China's rise with continued openness in the global economic order (despite a growing private constituency vested in trade with China) conclude the analysis, supported by tables and figures. Annotation 2012 Book News, Inc., Portland, OR (booknews.com)
