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 ÔEuropeanizationÕ of US economic policies and regulation and of ÔAmericanizationÕ of polices and regulation in some European countries. The book concludes that the main challengers to the West Ð Brazil, Russia, India and China (the so-called BRIC group of countries) Ð 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.

From the bestselling author of The Ascent of Money and The Square and the Tower “A dazzling history of Western ideas.” —The Economist “Mr. Ferguson tells his story with characteristic verve and an eye for the felicitous phrase.” —Wall Street Journal “[W]ritten with vitality and verve . . . a tour de force.” —Boston Globe Western civilization’s rise to global dominance is the single most important historical phenomenon of the past five centuries. How did the West overtake its Eastern rivals? And has the zenith of Western power now passed? Acclaimed historian Niall Ferguson argues that beginning in the fifteenth century, the West developed six powerful new concepts, or “killer applications”—competition, science, the rule of law, modern medicine, consumerism, and the work ethic—that the Rest lacked, allowing it to surge past all other competitors. Yet now, Ferguson shows how the Rest have downloaded the killer apps the West once monopolized, while the West has literally lost faith in itself. Chronicling the rise and fall of empires alongside clashes (and fusions) of civilizations, Civilization: The West and the Rest recasts world history with force and wit. Boldly argued and teeming with memorable characters, this is Ferguson at his very best.

Since the inception of Western development assistance, significant changes in the makeup of donors, recipients, development goals, and strategies have taken place. However, major donor institutions have not yet weighed the impact of these changes on their operations and objectives in anticipation of the future global environment. Discussing trends that will profoundly affect development assistance strategy, the authors raise such questions as: Will the demand for Western technical assistance drop sharply over the next decade? Was the Latin American debt crisis precipitated by the loan practices of international commercial banks? Should aid to Africa be shifted from investment in rural desert areas to investment in urban planning and infrastructure? Also examined are such concerns as the outside management of agricultural research; the U.S. focus on purchasing political allegiance with its aid programs, thus creating dependent nations; the threat to East Asian economic growth posed by the micro-electronics revolution; and the growing conflict between western aid and trade objectives. The authors' purpose is not to provide definitive prescriptions for future development programs, but rather to focus the attention of policymakers on important, but often neglected, issues.

How the West was Lost charts how over the last 50 years the most advanced and advantaged countries of the world have squandered their dominant position through a sustained catalogue of fundamentally flawed economic policies. It is these decisions that, along the way, have resulted in an economic and geo-political see-saw, which is now poised to tip in favour of the emerging world. By forging closer ties with the emerging economies, rethinking trade barriers, overhauling their tax systems to encourage savings rather than ravenous consumption, and specifically addressing the three essential ingredients for growth (capital, labour and technology) it might yet still be possible for the West to firmly get back in the race.