In this updated paperback edition of The Third Revolution, eminent China scholar Elizabeth C. Economy provides an incisive look at the transformative changes underway in China today. Chinese leader Xi Jinping has unleashed a powerful set of political and economic reforms: the centralization of power under Xi, himself, the expansion of the Communist Party's role in Chinese political, social, and economic life, and the construction of a virtual wall of regulations to control more closely the exchange of ideas and capital between China and the outside world. Through a wide-ranging exploration of Xi Jinping's top political, economic and foreign policy priorities-fighting corruption, managing the Internet, reforming the state-owned enterprise sector, improving the country's innovation capacity, enhancing air quality, and elevating China's presence on the global stage-Economy identifies the tensions, shortcomings, and successes of Xi's reform efforts over the course of his time in office. She also assesses their implications for the rest of the world, and provides recommendations for how the United States and others should navigate their relationship with this vast nation in the coming years. This updated edition features new material on China's reaction to the rise of Trump and his economic nationalist policies.
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One of I olitico's "Ten Names That Matter on China Policy"
How should observers, especially those in Washington, assess Xi's China? In The Third Revolution, Elizabeth Economy offers a nuanced, persuasive answer: while China's heft in world affairs is growing rapidly, so too are the contradictions inherent in the attempt of an authoritarian country to shape what remains a predominantly liberal world order. (Global Asia)
Economy . . . offers an engaging look at how areas such as internet regulation, reform of state-owned enterprises, and foreign policy are evolving under Xi's leadership. (Reuters Breakingviews)
To understand and navigate China in the coming years, this is the book to read. At the heart of doing business in this opaque and contradictory country is understanding Xi Jinping, a masterful and complex politician. Elizabeth Economy's exceptionally clear account gives you the tools to do just that. (Fred P. Hochberg, Former Chairman and President, Export-Import Bank of the United States)
The Third Revolution is enormously valuable for anyone seeking to understand the ways in which China is changing (and not changing) under Xi's leadership, and how the U.S. should best approach its relationship with China. Essential. (Robert E. Rubin, Former Secretary of the Treasury)
The one book that tells you all you need to know about how China has changed under Xi Jinping. A clear-eyed, richly researched, and engaging account by one of America's most knowledgeable China experts. (Susan L. Shirk, University of California, San Diego)
Timely and sobering analysis of the profound (and disturbing)
Leading China expert Elizabeth Economy provides a clear-eyed net assessment of China under Xi Jinping: its global ambitions, domestic limitations, and the paradox of its external hubris and internal insecurities. Thoroughly researched and engagingly written, The Third Revolution should become staple reading for all who want to understand China today and where it is headed in the future. The findings are both illuminating and disturbing." (David Shambaugh, George Washington University and author of China Goes Global)
Americans are slowly realizing that they live in a bipolar world with China, a nation that is incontrovertibly rising despite the destabilizing effects of serial self-reinvention. The advent of the latest progenitor of rejuvenation, Xi Jinping, has raised a host of vexing questions, but Economy's wonderfully lucid and well-researched book fills in many of the blanks regarding Xi's strengths and weaknesses. (Orville Schell, Arthur Ross Director, Asia Society Center on U.S.-China Relations)
For the first time in modern history, we have a communist country poised to be the biggest and most important driver of the global free market. That's astonishing. And we still don't know what makes China's political leadership and Xi Jinping in particular tick. If that freaks you out (and it should), Liz Economy's book is the place to start. (Ian Bremmer, President and Founder, Eurasia Group)
Elizabeth C. Economy is the C.V. Starr senior fellow and director for Asia studies at the Council on Foreign Relations. She is an award-winning author and internationally recognized authority on Chinese domestic and foreign policy, writing on topics ranging from China's environmental challenges to its role in global governance. She is also a frequent guest on nationally broadcast television and radio programs and regularly consults for U.S. government agencies and corporations.
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