The following is a review of Eclipse: Living in the Shadow of China’s Economic Dominance, by Arvind Subramanian.
Arvind Subramanian begins this compelling book with a provocative scene. It is February 2021. The newly elected U.S. president, accompanied at Chinese insistence by U.S. Congressional leaders, make a humiliating pilgrimage to the International Monetary Fund to secure a $3 trillion bailout. China, the world’s largest economy, dictates the terms. Among them is a naval pullback from the Pacific.