Chimerica

Chimerica
(CHY.mer.uh.kuh)
n.
The interrelated elements of the economies of China and America, particularly the Chinese supply of credit to America and the American purchase of cheap Chinese goods. [Blend of China and America.]
Example Citations:
Americans are born with the consumption gene, and borrow, not earn, their way to the American dream of home and business ownership. Chinese, on the other hand, have the thrift ethos drummed into them from birth. Their Government has continued to pour money into investment in infrastructure and industry for export to drive growth and raise living standards. But the Chinese Government has not built the kind of social safety net and retail financial system that would lead its citizens to save less, consume more and build a vibrant and sustainable domestic market-led model of economic development. Whether they like it or not, China and the US will be stuck with Chimerica for a long time.
—Geoffrey Garrett, " The challenge of Chimerica: http://ussc.edu.au/s/media/media/09/10/091031_smh_garrett.pdf (PDF)," Sydney Morning Herald, October 31, 2009
"Superfusion" — that's the name of a new book by Zachary Karabell, which describes how "the unique relationship between China and the United States has become the axis of the world economy." It's a catchy concept in a world that struggles to find the terms to keep pace with a rapidly changing economy. It's pretty much identical to another neologism, coined a couple of years ago by the economic historians Niall Ferguson and Moritz Schularick to describe the Sino-American economic relationship. That one was Chimerica.
—Richard Bernstein, " Chimerica: A Marriage on the Rocks?: http://www.nytimes.com/2009/11/05/us/05iht-letter.html?_r=1," The New York Times, November 4, 2009
Earliest Citation:
The defining feature of the current world economy is not an excess of liquidity or a shortage of assets, but the gap between company profits and the level of real interest rates. This wedge between the return on capital and the cost of capital is in large measure attributable to the spectacular rise of what we call "Chimerica": the sum of China, the world's most rapidly growing emerging market, and America, the world's most financially advanced developed economy.
—Niall Ferguson and Moritz Schularick, " Chimerical? Think Again: http://eh.net/press/WSJ.pdf (PDF)," The Wall Street Journal, February 5, 2007
Notes:
I should note in passing an earlier use of Chimerica in a computer game called Balance of Power, which first appeared in late 1989. In the game, "Chimerica" (in this case, a blend of chimera and America and pronounced ky.MEER.uh.kuh) refers to a fictional Latin American country with the ''body of El Salvador, neck of Nicaragua, claws of Cuba, head of Haiti.''
Related Words: Categories:
A respectful note: the video game in which Chimerica appeared was not Balance of Power, but rather Hidden Agenda.

New words. 2013.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Chimerica — is a neologism coined by Niall Ferguson and Moritz Schularick describing the symbiotic relationship between China and the United States, with incidental reference to the legendary chimera.[1][2][3][4][5] In March 2010, anticipating …   Wikipedia

  • Chimerica — ist ein Neologismus, der aus Silben der Begriffe China und America zusammengesetzt ist. Es bezeichnet die Symbiose der Volkswirtschaften der Volksrepublik China und der Vereinigten Staaten von Amerika. Inhaltsverzeichnis 1 Ursprung 2 Siehe auch 3 …   Deutsch Wikipedia

  • Harlequin (video game) — Infobox VG title = Harlequin developer = The Warp Factory publisher = Gremlin Graphics designer = Ed Campbell engine = released = 1992 genre = Platformer modes = Single player ratings = platforms = Amiga, Atari ST media = 2x Floppy disk… …   Wikipedia

  • Hidden Agenda (computer game) — Infobox VG title = Hidden Agenda developer = TRANS Fiction Systems publisher = Springboard distributor = designer = Jim Gasperini, Scenario; Ron Martinez, Greg Guerin, System Design and Programming engine = Trans version = released = 1988 genre …   Wikipedia

  • Sino-American relations — China …   Wikipedia

  • Niall Ferguson — Born 18 April 1964 (1964 04 18) (age 47) …   Wikipedia

  • Bear Stearns — Industry Investment services Fate Bought by JP Morgan Chase in September 2008 Founded 1923 Defunct …   Wikipedia

  • Sparschwemme — Sparschwemme[1][2], auch Ersparnisschwemme (englisch Saving glut, Savings glut), ist ein von Ben Bernanke 2005 geprägter Begriff[3], der eine Hypothese beschreibt, wonach weltweit ein Überhang an Ersparnissen im Vergleich zu den… …   Deutsch Wikipedia

  • List of fictional countries — is a list of fictional countries from published works of fiction (books, films, television series, etc.). Fictional works describe all the countries in the following list as located somewhere on the surface of the Earth as we know it mdash; as… …   Wikipedia

  • Government simulation game — Part of a series on …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”