The Great Global Transformation The United States, China, and the Remaking of the World Economic Order

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The Great Global Transformation The United States, China, and the Remaking of the World Economic Order | 3.86 MB

Title: The Great Global Transformation The United States, China, and the Remaking of the World Economic Order
Author: Branko Milanovic
Category: Labor, Theory of Economics, History & Theory, Foreign Legal Systems, Economic Conditions, Artificial Intelligence
Language: English | 272 Pages | ISBN: 9783031905667​

Description:​

From the essential chronicler of the world economy, a portrait of the Great Powers in transition.

The world's two great economic powers are on opposite trajectories. In the United States, decades of neoliberal policies produced a small class of rich elites and gutted the middle class. In China, the same global forces have created a massive new upper class. The result is the greatest reshuffling of global incomes since the Industrial Revolution-a dramatic shakeup of each country's political order. As the two powers retreat from one another, the implications for their futures, and for the world economy, are uncertain.

In The Great Global Transformation, acclaimed economist Branko Milanovic draws on original research to chart how these seismic shifts will shape the next century of the global economy. As both the US and China retreat into protectionism, Milanovic shows how a new and multipolar world order will follow-and how rising...

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