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Synopsis

China Versus the West is an innovative book.

The author, a leading specialist on the international and Asianeconomy and business, presents the most comprehensive picture ofthe changing power balance between the emerging superpower Chinaand the "old" developed economies of the West: mainly the US,Europe and Japan. The reader can clearly see in what areas and towhat extent China has become the world leader, in what areas it iscatching up and in what areas the West retains its superiority andhas a chance to strengthen it further.

At the same time, I. Tselichtchev unveils a breath-taking storyof the global economy and business in the brave new world which isnon-"West-led" and where major growth dynamics are coming fromlarge emerging economies. A radically changing economic environmentrequires new government policies and business strategies. The bookcontains many valuable suggestions and ideas. Using his ownanalytical framework, the author presents a set of options andalternatives for Western businesses in the wake of China'sproduction and export offensive.

The book provides a uniquely sharp and thought-provokinganalysis of the factors behind the global crisis of 2008-2009,largely different from what we see in other publications, andexamines its implications for the global power balance. I.Tselichtchev vividly shows that it was not global, but Westerncrisis of a structural character which drastically changed theChina-West power balance in the former's favor. He provides strongarguments showing that today's China is structurally andmacro-economically stronger than most countries of the West. Thisleads him to rethinking the very essence of the Chinese model ofcapitalism and to its new definition. He expresses unconventional,sometimes controversial, but well-founded views about China'sproblems and weaknesses and the prospects for its politicalevolution.

The book ends with invaluable insights into China's unique rolein the world economic history, the essence of the non-"West-led"multipolar world and the positions of its major players. Arguingthat from now on no single country will be ever able to "rule theworld", it shows new opportunities dynamic China is opening for theWest.

Thoroughly analyzing and discussing a wide range of the key,often complicated issues which are now in the focus of the world'sattention, the book remains very reader-friendly. It is written inthe form of an unconstrained dialogue with the reader, containing alot of the author's on-the-spot impressions, interesting facts,remarks and quotations.

China Versus the West is a must reading for everyone whowants to know more about the global developments, China and theWest, and also, perhaps, to get valuable inputs and hints to findhis or her own place in today's new world. It is highly recommendedfor policy-makers, business people, academics, analysts andjournalists. It is a valuable source for professors and students ofthe universities and business schools.

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