Eclipse: Living in the Shadow of China's Economic Dominance
Grounded in history and politics, China's dominance is not only more imminent, but also broader in scope and much larger in magnitude, than is currently imagined. Meanwhile, Arvind Subramanian, Senior Fellow at the Peterson Institute for International Economics and the Center for Global Development, projects controversially that the renminbi's takeover of the dollar as the world's reserve currency is not decades, but merely years away. Dr. Subramanian will explore the profound effect this might have on the U.S., as well as on the global financial and trade system, and conclude with a series of policy proposals for other nations to reconcile China's rise with continued openness in the global economic order, and to insure against China becoming a malign hegemon.
Dr. Subramanian is Senior Fellow at the Peterson Institute for International Economics and the Center for Global Development. He is the author of the widely-acclaimed book Eclipse: Living in the Shadow of China's Economic Dominance. He advises the Indian government in different capacities, including as a member of the Finance Minister's Expert Group on the G20. Foreign Policy magazine named him as one of the world's top 100 global thinkers in 2011 while India Today magazine named him one of the top 35 Indian “Masters of the Mind” over the last 35 years. Dr. Subramanian was previously Assistant Director of the Research Department at the International Monetary Fund, and has taught at Harvard University's Kennedy School of Government and at Johns Hopkins' School for Advanced International Studies. He obtained his undergraduate degree from St. Stephens College, Delhi, his MBA from the Indian Institute of Management in India, and his M.Phil and D.Phil from the University of Oxford.