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Economic Futures of the West

The late Jan Winiecki, formerly Tischner School of European Studies, Cracow and University of Information Technology and Management, Rzeszow, Poland
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 the ‘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 to contend with their own difficulties.
Extent: 192 pp
Hardback Price: $112.00 Web: $100.80
Publication Date: 2013
ISBN: 978 1 78195 170 5
Availability: In Stock
Paperback Price: $39.95 Web: $31.96
Publication Date: 2014
ISBN: 978 1 78347 714 2
Availability: In Stock
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  • Economics and Finance
  • Austrian Economics
  • Political Economy
  • Politics and Public Policy
  • International Relations
  • Political Economy
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 the ‘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 to contend with their own difficulties.

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.
Contents: Preface: A Few Words About the Book Part I: Global Challenges: Irrelevant? Imaginary? Immaterial? 1. Anti-globalists: Funny Children of Marx and Coca-Cola 2. The World is Running Out of Resources (Once Again) 3. Climate Alarmists, Climate Skeptics and the Politics and Economics of Global Warming Part II: The BRIC Countries and Global Economic Shifts: Projections and Realities 4. The Uneven Quality of the BRIC Countries: Russia and Brazil as the Weaker Half 5. China and India: Competitors for Future Leadership in the Global Economy Part III: The West in Decline – and Still (Largely) in Denial 6. The Global Financial Crisis as an Accelerator of Damaging Long-term Trends 7. Intra-European Divergences at the Time of the Crumbling Welfare State 8. How Much of US Exceptionalism is Still Left in the ‘Europeanized’ USA? 9. Underpinnings for Scenario A Postscript: Back to the Future Index