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Debt Man Walking: The US, China, Japan and the Foundations for a New Bretton Woods [Updated]

Published online by Cambridge University Press:  07 May 2025

John B. Judis
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What are the links among Japan, China and the United States that will shape the outcomes of the current economic and financial crisis that appears to have metastasized into a global crisis of the whole postwar international order? Because that order rests heavily on Asian export-led export growth strategies and the transfer of massive Chinese and Japanese trade surpluses that support the dollar's role as the universal currency, any solution for the US and the international order will require the cooperation of the two Asian economic powers. John Judis looks far beyond the US treasury bailouts to offer thoughtful perspectives on the crisis and its resolution. MS

Type
Research Article
Information
Asia-Pacific Journal , Volume 6 , Issue 11 , November 2008 , e19
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2008