China Versus the West: The Global Power Shift of the 21st Century
Leading economist Ivan Tselichtchev presents a comprehensive picture of the changing balance of power between emerging China and the "old" developed economies of the West. He outlines those areas where China has become the world leader, the areas where it is catching up and those areas where the West retains its superiority and has a chance to strengthen it furtherTselichtchev reveals a breathtaking story of the global economy in the brave new world which is non-"West-led" and where major growth dynamics are coming from large emerging economies. A radically changing economic environment requires new government policies and business strategies. The book contains many valuable suggestions and ideas. Using his own analytical framework, the authorpresents a set of options and alternatives for Western businesses in the wake of China's production and export offensive.China Versus the Westprovides a thought-provoking analysis of the factors behind the global crisis of 2008-2009 and how it changed the China-West power balance in the former's favor. He provides strong arguments showing that today's China is structurally and macro-economically stronger than most countries of the West. This leads him to rethink the very essence of the Chinese model of capitalism. He expresses unconventional, sometimes controversial, but well-founded views about China's problems and the prospects for its political evolution.The book ends with invaluable insights into China's unique role in the world economy. Arguing that from now on no single country will be ever able to "rule the world", it shows opportunities a dynamic new China is opening for the West.