Global Norms, Local Priorities, and a $300 Billion Bankruptcy: A Comparative Study of Bankruptcy Laws of the United States and China

History has been marked by business and economic crises around the globe.<br/>From antiquity to the present, one finds records of economic troubles whether<br/>related to politics, natural disasters, or a combination of both, in the civilizations<br/>which form the roots of Western civilization as well as China. These crises have<br/>often led to social upheavals, and initiated changes in terms of how a society<br/>organizes its economy. They have had significant negative effects on countless<br/>individuals and entities, and plunged local and even global economies into recession and worse.