Humanity faces epoch-making challenges arising from the convergence of demographic, social, economic, ecological and political megatrends, which are additionally superimposed by the fatal COVID-19 pandemic and the new Cold War. Traditional economic thought is not able to cope with them. In the conditions of irreversible globalization, these challenges are met by the original concept of a new pragmatism – a peculiar interface between economic theory and practical economic policy for sustainable development.
Grzegorz W. Kolodko, an outstanding economist with a world-wide reputation, a public intellectual, successful politician and a globetrotter who has explored the world – clearly writes what is happening in the economy and why, on its links with society and politics, environment, security, culture and technology. The work devotes due attention to the rise of China and the consequences of its global expansion. The unique interdisciplinary approach to the issues discussed makes this book a fascinating read for all professionals interested in the future of a rapidly changing world.
Grzegorz W. Kolodko is founder and director of TIGER – Transformation, Integration and Globalization Economic Research at Kozminski University in Warsaw, Poland.
Part I. How to Avoid Economic Death: The Political Economy of Pandemic
Chapter 1. Times of Plague
Chapter 2. After the Calamity: Prospects of Recovery and Growth
Chapter 3. Politics and Policies in the Post-Pandemic World
Part II. Facing Future Development Challenges
Chapter 4. The New Pragmatism, or Economics and Policy for the Future
Chapter 5. Imperative of Heterodoxy
Chapter 6. Emerging Markets or Emancipating Economies?
Chapter 7. Socialism, Capitalism, or Chinism?
Chapter 8. Look to the Horizon and Beyond
Chapter 9. Chinism and the Future of the World
Part III. Pragmatism as a Key Factor for Socio-Economic Progress
Chapter 10. The Great Chinese Transformation: from the Third to the First World
Chapter 11. Income, Fiscal Transfer and Conflicts of Economic Interests
Part IV. Economics of Success versus Economics of Failure
Chapter 12. Chinese Economy at the Era of Globalization
Chapter 13. Recipe for a Crisis
Chapter 14. How to Destroy a Country. The Economics and the Politics of the Greek Crisis
Chapter 15. Economics and Politics of the Currency Convergence: the Case of Poland
Chapter 16. Determinants and Implications of the Eurozone Enlargement
Grzegorz W. Kolodko is one of the most acute observers of the international economy, based on long experience both as a practitioner and as an academic. His writings are always an important starting point for debate and discussion about the political economy of globalization.
Since the time of Oskar Lange and Michal Kalecki, so for over 50 years, Grzegorz W. Kolodko is the first Polish economist who took up the challenge of making a creative contribution to world economics not only in the form of scientific scholarly articles, but through a comprehensive and coherent theoretical concept relating to the fundamental economic problems of the present and future.
It is another great work from a profound thinker and unwearied quester. With abundant experiences practicing economic theories in reality, the author is moving forward to inspire the world where economic modernization also promotes sustainable development.
In a world that focuses on trees or even on the barks of the trees, Professor Kolodko book deals with all the forests of the world, and not only the forests of today but also those of the past and the future.
Grzegorz W. Kolodko makes his best to prove that a new theory, which would incorporate findings in economics, political science, sociology and philosophy, is needed to cope with huge challenges, which are now faced by mankind as a result of technological development, economic and ecological imbalances, pandemic, fierce political competition.