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The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.

Today a billion people, including about 340 million of the world's extreme poor, are estimated to live in 'fragile states'. This group of low-income countries are often trapped in cycles of conflict and poverty, which make them acutely vulnerable to a range of shocks and crises. This engaging book defines and clarifies what we mean by fragile states, examining their characteristics in relation to «weak» and «failed» states in the global system, and explaining their development from pre-colonial times to the present day. It explores the connections between fragile statehood and violent conflict, and analyses the limitations of outside intervention from international society. The complexities surrounding 'successes' such as Costa Rica and Botswana – countries which ought to be fragile, but which are not – are analysed alongside the more precarious cases of the Democratic Republic of the Congo, Afghanistan and Haiti. Absorbing and authoritative, Fragile States will be an invaluable resource for students and scholars of international relations, security studies and development.