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How China and America Became One Economy and Why the World's Prosperity Depends on It

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Zachary Karabell argues that the intertwined economic relationship between China and the United States will affect our long-term prosperity more than any other contemporary issue.

As the world continues the slow work of repairing the damage of the financial crisis, it is crucial that the United States understands that it cannot go it alone. Its fusion with China is powerful, essential, and defining. Zachary Karabell’s brilliant book lays out this complex and important economic story.
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  • Simon & Schuster | 
  • 352 pages | 
  • ISBN 9781416583714 | 
  • October 2010
List Price $17.00
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Read an Excerpt

Black Cat, White Cat

THE CONVERGENCE OF CHINA and the United States began when the two were worlds apart. There was nothing inevitable about what took place. It didn’t have to happen, yet it did.

At the end of the 1970s, few societies were more distinct and distant. China was a predominantly agricultural nation mired in poverty and cut off from the world after the excesses of the dictatorship of Chairman Mao. By the 1970s, trade accounted for only 5 percent of China’s gross domestic product, an astonishing low figure for a country of China’s size and scale. In fact, China in the waning... see more

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