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We are currently dealing with a global financial crisis far more serious than just a temporary drop in business activity and a decline in absolute production levels. Traditionally, these have been measured using Gross Domestic Product (GDP), and this measure should be gradually abandoned and replaced by the superior measures of sustainable social and economic development. It is true that globally it is the most extensive crisis in the post-war period—that is a timespan of three generations. However, it is an intellectually and politically unacceptable simplification to identify the current crisis as a temporary recession. We began the first decade of the 21st century in improving economic ...
This book provides answers to fundamental questions of sustainable development and international cooperation in light of irreversible globalization. Based on comprehensive research and a wealth of experience from his own political activities, the author offers an insightful analysis of the globalized economy and its political, cultural and ecological context. Presenting an objective assessment, the author diagnoses the state of affairs and formulates recipes to overcome present day challenges, such as income inequalities, climate change, demographic imbalance and the new Cold War, which overlap with the “black trinity”: populism, nationalism and authoritarianism. "Grzegorz Kolodko is one...
Grzegorz W. Kolodko, one of the world's leading authorities on economics and development policy and a key architect of Poland's successful economic reforms, applies his far-reaching knowledge to the past and future of the world economy, introducing a framework for understanding our global situation that transcends any single discipline or paradigm. Deploying a novel mix of scientific evaluation and personal observation, Kolodko begins with a brief discussion of misinformation and its perpetuation in economics and politics. He criticizes the simplification of complex economic and social issues and investigates the link between developments in the global economy and cultural change, scientific...
The study deals with challenging questions of long-term future of global economy and the mankind. Focusing not only on what happens in the economic sphere but also on cultural, social, political, demographic, technological, and ecological processes. It employs a holistic approach to answer fundamental questions about the course of the future.
It is now almost a decade since central and east Europe saw the demise of the Soviet-style economic planning which accompanied more ot less authoritarian political rule by communist parties. The economic thought, based on Marxist philosophy, which formed theoretical underpinning of centrally planned socialist economies, was peculiar to the region, and was radically different from mainstream western thought. Written by leading east European scholars, this volume provides a comprehensive and authoritative resource: a wide-ranging overview of fifty years of economic thinking under communist rule in Europe and during the first phase of post-communist transformation. It also provides an analytica...
The study deals with challenging questions of long-term future of global economy and the mankind. Focusing not only on what happens in the economic sphere but also on cultural, social, political, demographic, technological, and ecological processes. It employs a holistic approach to answer fundamental questions about the course of the future.
This book highlights the geopolitical and economic consequences of the Russia’s invasion of Ukraine. The author, a key architect of Polish eco- nomic reforms and the most frequently cited economist from post-Com- munist countries, shares new insights into the causes and mechanisms of the Second Cold War. Written in an unorthodox, bold and lucid style, the book raises provocative issues and provides convincing answers to some of the most difficult questions, such as who the true beneficiaries and interest groups behind the war are, and what their motives and con- flicting goals are. The book also introduces readers to the greatest challenge of our time, climate change, and explores the long-term effects of the current arms race and rearmament spiral on global warming. This interdisciplinary book, which also addresses the challenges of inflation, mass migrations and clashes between democracy and authoritarianism, will appeal to anyone interested in the contemporary geopolitical shifts triggered by the Russia’s invasion of Ukraine, but also in the dynamics and directions of the evolution of the new cold war.
This collection of articles examines the development of one of the most significant economic transformations ever undertaken covering a wide range of countries and economic sectors
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Vito Tanzi offers a truly comprehensive treatment of the economic role of the state in the twentieth and twenty-first centuries from a historical and world perspective. The book addresses the fundamental question of what governments should do, or have attempted to do, in economic activities in past and recent periods. It also speculates on what they are likely or may be forced to do in future years. The investigation assembles a large set of statistical information that should prove useful to policy-makers and scholars in the perennial discussion of government's optimal economic roles. It will become an essential reference work on the analytical borders between the market and the state, and on what a reasonable 'exit strategy' from the current fiscal crises should be.