China and the future of globalization : the political economy of China's rise

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 Cover Contents List of Diagrams List of Tables List of Maps Initial Reflections 1 Economy and security 1. Cold War Two 2. Cascade of threats 3. Technology and politics 2 The Century of Asia with China Leading the Way? 1. A country in the middle of Asia 2. New Silk Road instead of exporting revolution 3. Nobody likes a hard landing 3 People and Goods in the Changing World 1. Between a demographic explosion and a population deficit 2. How long, how fast? 3. Where is the East, where is the West? 4. Myth of the free market being perfect 4 Socialism, Capitalism or Chinism? 1. Economy – society – state 2. In search of equilibrium 3. Socialism with Chinese characteristics or corrupt crony capitalism? 4. Whither China and what business is it of others 5. Tertium datur 5 Recipe for Crisis 1. At the expense of many for the benefit of few 2. Legally but immorally 6 What Do the Chinese Ask About? 1. Right questions at the right time 2. What students want to know 3. Chinese panoply of questions 7 New Pragmatism with Chinese Characteristics 1. Vision rather than illusions 2. 16+1 initiative 3. China coming to our rescue? Final Reflections Notes References Index "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."-- Provided by publisher The forces of globalisation 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 globalisation which have imprisoned the west. Here, Greg 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 its tilt towards Asia, Kolodko offers prescriptions on how the west can learn from China's approach, and make globalisation work for citizens once more