Foreword
My good friend Ivan Tselichtchev is an internationally renowned economist and scholar who enjoys great respect and a good reputation as a researcher, especially in the area of world economics and business. The author of the masterpiece Asia’s Turning Point, Tselichtchev has taken a new step with China versus the West, a book presenting a comprehensive and accurate look at the subtle changes in the balance of power between emerging economies like China and the developed Western economies of the United States, Europe, and Japan.
In this new multilevel competitive world, global economic growth is driven by the emerging entities, rather than Western economies.
Through Tselichtchev’s precise analysis, the reader sees the areas in which China has been leading the world or catching up with the developed states, as well as the areas where the traditional West still maintains its advantage and is likely to further strengthen its position. Along with articulating many valuable suggestions and ideas, Tselichtchev vividly shows how wise government policies and business strategies are needed to address the fundamental changes in the global economic environment. He articulates a unique series of proposals to and options for Western business communities on how to deal with China’s emergence as a leading manufacturer and exporter.
This book offers systematic, unique, incisive, and thought-provoking analysis of the various factors that led to the global economic crisis of 2008–2009 and ...
