Rise Of The New Economic Powers And The Changing Global Landscape, The

The book explores the catching-up process of New Economic Powers, which is a defining trend of our age. It emphasizes the need for a delicate balance between the market and the government, particularly in international trade and investment policies.

Format: Paperback / softback
Length: 408 pages
Publication date: 10 January 2023
Publisher: World Scientific Publishing Co Pte Ltd

The captivating journey of a group of large emerging markets, known as the New Economic Powers, is explored in this profound book. This remarkable process is not only robust but also holds the potential to shape the course of our age, heralding a significant shift in global economics and politics. The outcome of this transformative trend is that the West cannot maintain its previous dominance over the world, as the landscape of today's world is characterized by pluralism and the growing influence of the larger emerging markets. This new reality, while causing discomfort and uncertainty in the West, is an undeniable fact that demands our attention.

In the eight chapters that comprise this book, the viewpoints on globalization of nine New Economic Powers are presented. Each chapter serves as a vital component in unraveling the intricate process of globalization and the pivotal role played by the New Economic Powers. These perspectives are guided by a distinct outlook on the role of the market and the government in society, differing significantly from the Western perspective. The New Economic Powers recognize the immense power of the market to foster prosperity, yet they also emphasize the necessity of government intervention to ensure social welfare and stability. This delicate balance is particularly evident in their international trade and investment policies, which often clash with Western countries and multilateral institutions like the World Trade Organization (WTO) and the International Monetary Fund (IMF).

Through the pages of this book, the reader gains invaluable insights into the fundamental choices made by policymakers in the New Economic Powers. It sheds light on the strategies they employ to navigate the complex terrain of globalization, the challenges they face, and the opportunities they embrace. By delving into the experiences and perspectives of these nations, the book provides a comprehensive understanding of the forces driving global change and the evolving dynamics of the international system.

As we navigate the rapidly evolving world, it is essential to recognize the significance of the New Economic Powers. Their growth, influence, and unique approaches to governance offer valuable lessons and insights for both developed and developing countries. By fostering dialogue, cooperation, and understanding, we can work towards a more inclusive and prosperous global community.

In conclusion, this book serves as a valuable resource for anyone seeking to gain a deeper understanding of the New Economic Powers, globalization, and the complex interplay between markets, governments, and international institutions. It offers a thought-provoking perspective on the future of our world and provides valuable insights into the choices that will shape its destiny.

Weight: 598g
Dimension: 152 x 229 x 26 (mm)
ISBN-13: 9789811273889