Authors:
- Offers an on-the-ground perspective of what’s really happening in China today on the back of its recent economic rise
- Calls for more cooperation between China and the West and a shift in the general approach
- Highlights China’s role as a leader in innovation and the need to collaborate in order to address issues such as climate change, inequality, air pollution, food integrity and water security, with a specific look at opportunities for investors, by a leading professor who teaches at Yale and Brown University
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Table of contents (21 chapters)
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Front Matter
About this book
Calling for more cooperation between China and the west, this new book by noted author and educator Cary Krosinsky provides readers with an on-the-ground perspective of what’s really happening in China today on the back of its recent economic rise, its desire and need to solve environmental challenges and the new positive dynamic created by its need for foreign capital.
In doing so, Krosinsky and his colleagues from the Sustainable Finance Institute and Brown University highlight how China has recaptured its role as a leader in innovation, arguing that current approaches to the relationship hinder global progress on issues such as climate change, inequality, air pollution, food integrity and water security and pushes back on confrontational approaches and attempts to clarify misperceptions about contemporary China.
China’s recent rise includes becoming a global leader on green policy and green finance, as it is increasingly leading the way towards modernization through innovation strategies focused on infrastructure, education, healthcare and aspects of clean energy technology, leading to opportunities across private equity, venture capital and green bonds. This creates an exciting opportunity for positive change, with environmental challenges becoming more salient to its own population, adding pressure on the government to provide solutions. China changes faster than any country in the world, creating an opportunity for meaningful, ongoing, positive transitions.
Modern China is a call for more cooperation, and makes a clear, cogent case for collaboration in the face of current confrontational approaches. At the same time, dire environmental and social circumstances require an all-hands-on-deck approach. This book provides specific examples of what’s working and what’s needed to compete and thrive in this new paradigm through trusted relationships placed front and center for the future of economies and the betterment of global society.
Reviews
“Cary Krosinsky’s book is a timely contribution to the increasingly critical intersection of China-West relations, finance, and sustainability. Calling for collaboration on green finance and providing recommendations for how this can be carried out in practice, the book is highly relevant for policy-makers and practitioners on both sides.” (Wang Yao, Professor and Director General of the International Institute of Green Finance (IIGF), and Director of the Research Center for Climate and Energy Finance (RCCEF), Central University of Finance and Economics (CUFE), China)
“Cary Krosinsky is one of the smartest thought leaders on sustainability that I know. His insights are timely and his advice remains practical and solution based. The focus on China is important systemically for the globe at a time of geopolitics in flux. His works are must-reads for sustainability practitioners and thinkers alike.” (Benjamin Yeoh, Senior Portfolio Manager, Global Equities, RBC Global Asset Management)
“China has become a leader in Green policy, although such is not known to everyone. China is an innovator beyond Alibaba and Huawei. Modern China shows the reader what is happening in China today related to environmental sustainability and innovation. It makes a plea for international cooperation, pointing up the risk of isolating China. A must-read for any investor: how should one, for example, invest in the Belt and Road Initiative? The book is equally important to citizens concerned about the environment and foreign relations. Nearly anybody would benefit from
Modern China.” (Barrett Hazeltine, emeritus Professor of Engineering, Brown University, USA)
Authors and Affiliations
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Yale University, Guilford, USA
Cary Krosinsky
About the author
Cary Krosinsky is a widely respected educator and leading author and advisor on sustainable finance whose ongoing teaching includes popular courses at Brown University, Yale University and NYU.
This book on modern China is his seventh with his first book having been published back in 2008, Sustainable Finance: The Art of Long Term Performance with Nick Robins.
He is also the Co-Founder and Director of the Sustainable Finance Institute which hosted its first event on the Future of Sustainable Finance in China at Peking University HSBC Business School in Shenzhen in January 2019 featuring leading investors with emerging investment solutions across asset classes, many of whom are profiled in this book.
He is also the Co-Founder of the Carbon Tracker Initiative, its parent Investor Watch and Real Impact Tracker, Sustainability Advisor, DeepGreen Metals and Principal, NPV Associates.
He was a member of the NY State Common Decarbonization Advisory Panel appointed by Governor Cuomo and Comptroller DiNapoli in 2018-19 leading to the fund’s $20B Climate Action Plan, and author/co-author of many previous papers including for the China-UK Green Finance Taskforce, for the UNEP Inquiry on the Value of Everything and for PRI in 2015 developing a framework for asset owners on climate change strategy.
Bibliographic Information
Book Title: Modern China
Book Subtitle: Financial Cooperation for Solving Sustainability Challenges
Authors: Cary Krosinsky
DOI: https://doi.org/10.1007/978-3-030-39204-8
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-39203-1Published: 24 May 2020
Softcover ISBN: 978-3-030-39206-2Published: 24 May 2021
eBook ISBN: 978-3-030-39204-8Published: 23 May 2020
Edition Number: 1
Number of Pages: XXI, 243
Number of Illustrations: 1 b/w illustrations, 17 illustrations in colour
Topics: Development Finance, Financial Services, History of China, Foreign Policy, Economic Growth, Business and Management, general