Six Myths that Hold Back America: And What America Can Learn from the Growth of China's Economy - Hardcover

Newman, Frank N.

Hardcover

ISBN 10: 098398851X ISBN 13: 9780983988519

Publisher: Diversion Publishing, 2011

Synopsis

Why is China booming while the American economy lags?
Despite a globally challenging economic environment, production in China has grown significantly every year, for the past twenty years. America’s GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even tepid growth. Why should this be?
Over the last decade, economic thought and attitudes in the West have increasingly diverged from the underlying views in China, and significant contrasts have developed. Six Myths that Hold Back America analyzes key statements of accepted economic views in the U.S. to determine which have real basis in the U.S. financial system, and which are really just myths.
Refreshing, stimulating, independent thinking―Frank Newman draws upon a wealth of practical experience in the private and public sectors, including his time as CEO of major banks in the U.S. and China, and in his role as Deputy Secretary of the U.S. Treasury. This experience at home and abroad helps him dissect a series of common economic beliefs and develop conclusions that deeply challenge conventional assumptions about the American economy.

About this title

Product Description:

Rare Book

About the Author:

Frank Newman is a former Deputy Secretary of the U.S. Treasury Department, and has 30 years of experience as a banking executive in both the U.S. and China. Upon completion of his service with Treasury, he was awarded the Alexander Hamilton Award, the department’s highest honor. He recently completed 5 years as Chairman of the Board of Directors and CEO of Shenzhen Development Bank, China. He has held the positions of Chairman and CEO of Bankers Trust, Vice Chairman and CFO of Bank of America, Executive Vice President and CFO of Wells Fargo Bank, Director of Korea First Bank, and Director of Dow Jones & Company. He and his wife live in Hong Kong, and enjoy time in New York and Martha’s Vineyard.

About this edition

• Publisher: Diversion Publishing
• Publication date: 2011
• ISBN 10: 098398851X
• ISBN 13: 9780983988519
• Binding: Hardcover
• Number of pages: 186