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Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends on It

The Milken Institute Forum presents a talk by Zachary Karabell on his book on US-China relations.

When:
November 18, 2009 4:30pm to 6:00pm
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Named a "Global Leader for Tomorrow" by the World Economic Forum, Zachary Karabell has a profound understanding of the intricate web of connections that defines the 21st-century economy.

During his years as president of Fred Alger and Company, Karabell served as portfolio manager of the highly rated China-U.S. Growth Fund, where his work revealed profound new insights about globalization and increasing convergence of the U.S. and Chinese economies.

This complex and sometimes uneasy relationship is the subject of Karabell's latest book, Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends on It, which he will discuss at this Milken Institute Forum.

Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends on ItKarabell traces the recent evolution of this partnership, as China courted U.S. companies and expertise to speed along its aggressive economic reforms. The United States, meanwhile, finds itself deeply in debt to China while also reaping the rewards of Chinese growth.

Now both countries find themselves in an unfamiliar position. After years of seeking closer integration with the United States, China has begun to question the wisdom of that embrace. The United States, buoyed by China's loans, faces a level of dependency that has generated considerable anxiety. The intertwinement has enhanced the global economy yet undermined the sovereignty that governments crave. But Karabell argues that the fusion has advanced too far for either nation to extricate itself without harm. The challenge lies in our ability to fully accept a new paradigm.

Karabell is president of River Twice Research, where he analyzes economic and political trends. He is also a senior advisor for Business for Social Responsibility, which develops sustainable business strategies for Global 1000 companies.

Educated at Columbia, Oxford and Harvard (where he received his doctorate), he is the author of several books, including A Visionary Nation: Four Centuries of American Dreams and What Lies Ahead and Peace Be Upon You: The Story of Muslim, Christian and Jewish Coexistence in the Middle East. He sits on the board of the World Policy Institute and the New America Foundation and is a member of the Council on Foreign Relations. Karabell is a regular contributor to CNBC and has appeared on NBC Nightly News, CNN, Fox News and The History Channel.

Superfusion will be for sale at the forum, and Karabell will sign copies.

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