Sovereign wealth and sovereign power : the strategic consequences of American indebtedness (Record no. 65231)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 02013nam a2200241 4500 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9780876094150 (pbk.) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 0876094159 (pbk.) |
| 082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 336.34350973 |
| Item number | SET/S |
| 100 1# - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Setser, Brad W |
| 245 10 - TITLE STATEMENT | |
| Title | Sovereign wealth and sovereign power : the strategic consequences of American indebtedness |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | New York |
| Name of publisher | Council on Foreign Relations |
| Year of publication | 2008 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | ix, 51 p. |
| Other physical details | ill. (some col.) |
| 490 1# - SERIES STATEMENT | |
| Series statement | The Bernard and Irene Schwartz series on American competitiveness |
| 490 1# - SERIES STATEMENT | |
| Series statement | CSR ; |
| 500 ## - GENERAL NOTE | |
| General note | At head of title: Council on Foreign Relations, Center for Geoeconomic Studies. |
| 500 ## - GENERAL NOTE | |
| General note | "September 2008." |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The rise in China's trade surplus, the increase in oil prices, and a slowdown in demand for U.S. assets from private investors abroad has increased the United States' reliance on foreign governments for financing. U.S. banks and broker-dealers now draw on the Persian Gulf, Singapore, China, and to a lesser degree Korea to shore up their depleted capital base. The scale of these flows is stunning. In 2007 purchases of financial assets by China's government almost exceeded U.S. consumers' purchases of Chinese-made goods, and the increase in the Gulf's dollar holdings almost certainly topped direct U.S. spending on Gulf oil.This report examines whether America's ability to secure large quantities of external financing from foreign governments is a reflection of its political power, a constraint on its ability to exercise power, or a combination of the two. It posits that the constraints associated with U.S. dependence on other governments for financing are rising and that the U.S. current account deficit is now a strategic vulnerability, not a sign of financial strength. The report concludes with recommendations to address the current account deficit and to strengthen the United States' position abroad. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Debts, External |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | National security |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | BK |
| 001 - CONTROL NUMBER | |
| control field | 15873833 |
| 010 ## - LIBRARY OF CONGRESS CONTROL NUMBER | |
| LC control number | 2009502149 |
| 952 ## - LOCATION AND ITEM INFORMATION (KOHA) | |
| Withdrawn status | |
| Lost status | |
| Damaged status | |
| Home library | Shelving location | Date acquired | Full call number | Accession Number | Koha item type |
|---|---|---|---|---|---|
| Kannur University Central Library | Stack | 03/08/2022 | 336.34350973 | 56814 | BK |