China and the future of globalization, Kolodko, Grzegorz W. (professor, University Of Kozminski, Warsaw, Poland)

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 its tilt towards Asia, Kolodko offers prescriptions on how the west can learn from Chinas approach, and make globalization work for citizens once more. An essential book for scholars and students of political economy, from one of the Wests most authoritative scholars and practitioners.

Translated by Joanna Luczak