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Living with China
A Middle Power Finds Its Way
By (author): Wendy Dobson
Wendy Dobson

Imprint:

Rotman-UTP Publishing

ISBN:

9781487504823

Product Form:

Hardcover
Hardcover
English

Audience:

Higher Education
Aug 23, 2019
$37.95 CAD
Active

Dimensions:

9.2in x 6.1 x 0.8 in | 400 gr

Page Count:

184 pages

Illustrations:

6 figures
University of Toronto Press
Rotman-UTP Publishing
BUSINESS & ECONOMICS / International / General
 
Shortlisted for the 2019/2020 Donner Prize 2020, Short-listed
  • Short Description

With an eye on China, our second largest trading partner, this book proposes a Canadian strategy for living with this huge partner, its different economic model and the geopolitical tensions created by its leaders’ ambitious goal to be a global power.

Living with China urges Canadians to adopt a forward-looking China strategy that recognizes the significance of China’s history and values for its development model of authoritarian state capitalism and managed markets. Market reforms will be key drivers of China’s long-term growth, yet Chinese policy is ambivalent about the potential dangers of spontaneous market forces undermining the Party’s central goal of political stability. The tensions between market forces and state intervention and between political and economic goals are identified in the book’s early chapters that outline what Canadians need to know about the Chinese economy. The book also examines how Chinese enterprises are going global through direct investments and participation in the dynamic but troubled Belt and Road Initiative.

In an environment of rising tensions over trade and technology – evident in negotiating the USMCA with the United States and doing business with Huawei, the China-based telecommunication giant – Canada needs a China strategy. Living with China is one of the first comprehensive volumes on a forward-looking Canada-China strategy. The recommended strategy includes more leadership from top officials, building a Canada brand, strengthening our international human capital, addressing security issues, and negotiating bilateral trade and investment liberalization. Dobson also acknowledges the importance of addressing such key issues as intellectual property protection, cybersecurity, and value differences such as respect for individual rights.

Wendy Dobson is the co-director at the Rotman Institute for International Business and a professor emerita of Economic Analysis and Policy. Dobson served as Chair of the International Steering Committee of the Pacific Trade and Development network (2010–18), acted as a trustee of the Trilateral Commission, and was a member of the International Economics Advisory Committee of the Peterson Institute for International Economics. Her previous book, Gravity Shift (2009), also published by University of Toronto Press, was a finalist for the National Business Book Award in 2010.

"This book is a must-read for Canadians seeking to learn how we need to engage a changing China in the years ahead."

- Hon. Peter Harder, PC, Senator, Ontario

“Against the turbulent backdrop of an unravelling global trading system and the biggest downturn in Canada-China relations since recognition in 1970, this book is a trenchant and realistic assessment of China's dynamic evolution, Canadian interests, and the ingredients of a national strategy appropriate to the times. The best analysis yet of what a recalibrated engagement approach would look like that involves living with China as it is rather than what we would like it to be.”

- Paul Evans, School of Public Policy and Global Affairs, University of British Columbia

“In the coming decade, there will be no greater foreign policy challenge for Canada than managing the China relationship. Wendy Dobson is one of the few analysts with the vision and experience to provide an informed blueprint for the future. Living with China maps Canada’s economic and diplomatic resources against China’s ascent as a global superpower, identifying opportunities for action and areas of risk. This is a must-read for businesses and policymakers seeking to understand the difference between muddling through and succeeding as a middle power by mobilizing all available resources.”

- Laura Dawson, Director, Canada Institute at the Wilson Center, Washington, DC

“As usual, Wendy Dobson delivers an insightful view of China today, covering key topics that explain China’s relationship with the world, including innovation, financial reform, outbound investment, Belt & Road, and China’s sense of self and the global role it wants to play. China is not, and will never be, like Canada. Where China is going is quite clear – the question for Canada is, how can we ensure that Canada derives benefit from China’s rise? Smart countries don’t let China ‘happen to them.’ Canada needs to build a strategy that is in its own interests and that ensures Canada’s prosperity grows as a result of an economic relationship with a country whose growing middle class wants the products and services Canada has to offer.”

- Sarah Kutulakos, Executive Director & COO, Canada China Business Council

"This book amply demonstrates Wendy Dobson’s deep understanding of China and of Canada’s relationship with China. I recommend it for anyone interested in what has been happening in China in recent years with respect to trade, investment, finance, and innovation policies."

- Ron Duncan, Crawford School of Public Policy, Australian National University

"In Living with China: A Middle Power Finds Its Way, Dobson provides a highly readable, concise and incisive review of the latest developments in the saga of China's emergence as a new global power."

- Terence Corcoran, The National Post, September 11, 2019

"Living With China is timely and not without controversy."

- Holly Doan, Blacklock's Reporter, August 31, 2019

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