Economic Futures of the West

J. Winiecki,

Economic Futures of the West
 
 
This thought-provoking book considers the global challenges and challengers to the economic supremacy of the West. Jan Winiecki explores the various problems that the West must deal with in order to remain an efficient competitor in the world economy. These, he argues, are primarily consequences of the ever-expanding welfare state; consequences that are not only economic but also socio-psychological and, therefore, political. The author also considers the evolution of Western Europe and the USA from a new perspective, noting the 'Europeanization' of US economic policies and regulation and of 'Americanization' of polices and regulation in some European countries. The book concludes that the main challengers to the West - Brazil, Russia, India and China (the so-called BRIC group of countries) - are unlikely to gain economic supremacy over the West any time soon given that they have their own difficulties to contend with. Economic Futures of the West will prove a stimulating and challenging read for academics, researchers and students in the fields of economics, heterodox economics and development.


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