【Book Review】China and the Future of Globalization: The Political Economy of China's Rise


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【Book Review】China and the Future of Globalization: The Political Economy of China's Rise


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About book:

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.


“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

“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. We must embrace this future. The notion of a new "cold war" with China is folly. Mutual respect and co-operation offer humanity its only tolerable future.” –  Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times.


List of diagrams

List of maps

List of tables

Initial reflections

Chapter One: Economy and security

1. Cold War Two

2. Cascade of threats

3. Technology and politics

Chapter Two: 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

Chapter Three: 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

Chapter Four: 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 to others

5. Tertium datur

Chapter Five: Recipe for crisis

1. At the expense of many for the benefit of few

2. Legally but immorally

Chapter Six: What do the Chinese ask about?

1. Right questions at the rig

2. What students want to know

3. Chinese panoply of questions

Chapter Seven: New pragmatism with Chinese characteristics

1. Vision rather than illusions

2. 16+1 initiative

3. China coming to our rescue?

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