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"China and the Future of Globalization: The Political Economy of China’s Rise" by Prof. Grzegorz W. Kołodko included in the "Summer Books of 2020: Economics" recommended by Financial Times's Associate Editor and Chief Economics Commentator Martin Wolf!

23.07.2020

It is with no surprise that in this year's edition of the "Summer Books of 2020: Economics", published by the Financial Times, you can also find a book from one of Poland's most distinguished professors in the field of economics: Prof. Grzegorz W. Kołodko, Minister of Finance of the Republic of Poland (1994-1997; 2002-2003), The founder and Director of TIGER – Transformation, Integration and Globalization Economic Research at Kozminski University.

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, Prof. 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, Prof. Kolodko offers prescriptions on how the west can learn from China's approach, and make globalization work for citizens once more.

"The rise of China is the greatest political and economic event of our era. Grzegorz Kolodko, a former finance minister of Poland, has produced a thoughtful, balanced and penetrating analysis of the global implications. He is particularly concerned by the desire of the US to turn China into an enemy. But, he notes, “China does not wish to turn other countries into foes . . . It’s astounding, but China seems to better understand what’s at stake at the current civilizational crossroads.” Alas, he is right." - says Martin Wolf, Associate Editor and Chief Economics Commentator at Financial Times.

Link to the full list of the "Summer Books of 2020: Economics" here (note: an FT subscription is needed, which is available for free for KU students and staff)

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