Leading economist, expert and writer on the Asian and international
economy, business, and politics, Ivan Tselichtchev, presents a
comprehensive picture of the changing balance of power between emerging
China and the "old" developed economies of the West (US, Europe and
Japan) in his new book, China Versus the West: The Global Power Shift of
the 21st Century. He specifies 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
further.
China Versus the West reveals a breathtaking story of today’s global
economy which is non-"West-led" and where major growth dynamics are
coming from China, India and other large emerging economies around the
world.
According to Tselichtchev, a radically changing economic environment
poses enormous challenges for the West requiring a set of new government
policies and business strategies. Using his own analytical framework,
Tselichtchev presents a spectrum of options and alternatives for Western
businesses to respond to China's emergence as the world’s leading
producer and exporter.
The book showcases an innovative view on China’s model of capitalism,
showing that the major vector of its transformation towards a greater
role of private companies and more market, competition and freedom for
enterprises. This, however, is combined with a strategic emphasis on the
“market-style state-owned companies”, well-equipped to compete both
domestically and globally.
A major theme discussed in the book is the crucial role of the financial
and economic crisis of 2008-2009 in accelerating the global power shift
in China’s favor. Tselichtchev explains that the global crisis was not
global at all. He argues that above all it was the deepest crisis of
Western capitalism, underscoring the fact that today’s China is stronger
than the West both structurally and macroeconomically.
The book picks up five major areas where the West’s and China’s economic
interests clash:
Trade and exchange rate of the yuan
Environmental
Natural resources
Technologies
Company acquisitions
In each areas, the book diagnoses the West-China economic power shift,
answering to the four key questions: “In what areas?”, “How big and how
fast?”, “Why?” and “What to do?”
In the Epilogue, the author defines this shift as part of the formation
of the multi-polar world presenting strong arguments why, in spite of
its impressive rise, China will never become the sole world leader. The
times when one-nation dominance was possible are gone.
Drawing on the author’s unique background that offers alternative
insights into this crucial turning point in the global economy and
politics,China Versus the West is a must read for everyone who wants to
know more about the global developments, China and the West.
China Versus the West:
The Global Power Shift of the 21st Century
By: Ivan Tselichtchev, Yang Yongxin (Foreword), Frank-Jürgen Richter
(Introduction)
ISBN: 978-0-470-82972-1
Published by Wiley; January 2012; Hardcover; 224 pages; US$29.95
For more info, explore: www.wiley.com/buy/9780470829721
Other Videos:
Lecture-Presentation at the Universidad Autonoma de Barcelona: http://bit.ly/Vu2sPq
Interview at Casa Asia, Barcelona, Spain: http://www.casaasia.eu/internet_y_tecnologia/multimedia?video_id=30655
