Description

An FT SUMMER READ 2020

The forces of globalization have transformed the world economically, but in the West politics is becoming increasingly fractured as living standards stagnate for all but the very wealthy. As a result, alienation and nationalism are on the rise. China, in the meantime, has become the most powerful economy in the world from the same forces of globalization which have imprisoned the west. Here, Grzegorz W. Kolodko parses the economic system in China and brings his uniquely clear and far sighted analysis to bear on the global economy. Through a qualitative and extensive quantitative economic analysis of the global economy, and it’s tilt towards Asia, Kolodko offers prescriptions on how the west can learn from China’s approach, and make globalization work for citizens once more. An essential book for scholars and students of political economy, from one of the West’s most authoritative scholars and practitioners.

Translated by Joanna Luczak

Publisher Review

Grzegorz Kolodko has written a concise, erudite, balanced and perceptive book on the global implications of China's unstoppable rise. We are moving, inescapably, into a multi-polar and multi-cultural world. * Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times * A thought-provoking book on the consequences of the rise of China for the world economy. A plethora of interesting questions are proposed and investigated. In terms of current economic development, China and Poland are the most interesting, and the book has much to say about them. Given this, China and the Future of Globalization: The Political Economy of China's Rise is a must-read for any student of development. * Professor Edward C. Prescott, Nobel Prize Laureate in Economic Sciences * A fine reflection on China's rise, offered with neither fear nor favor but in the pragmatic spirit that is Professor Kolodko's stock-in-trade. * James K. Galbraith, The University of Texas at Austin * Greg Kolodko analyzes in this insightful book the economic, political and social implications of China's rejuvenation... The book is essential reading on a subject of the highest importance in the early 21st century. -- Justin Yifu Lin, Dean, Institute of New Structural Economics, Peking University, Former Chief Economist, the World Bank