Mapping a New World Order: The Rest Beyond the West

China is beginning to overtake the US as the world's largest economy, and a few other East and South Asian countries are steadily increasing their presence in global markets. The authors of this book agree that the contours of a 'different' economic and political order are emerging as the West is effectively struggling to hold onto its global pre-eminence. Meanwhile, the torch is slowly (albeit uncertainly) passing to a new generation of international players. Some version of a new multilateral order is emerging; an order that is both different from the previous one, but also marked by multiple and significant continuities. This book identifies possible factors responsible for the recent rise of many developing countries. It examines how robust these trends actually are and speculatively predicts the implications and consequences that may result from a continuation of these trends. It also suggests possible scenarios of future development. Ultimately, it argues that the rise of the 'Rest' would not only imply geopolitical shifts, but could also lead to the proliferation of the new growth models in the Global South and to profound changes in international economic relations. This innovative book is written from a multicultural and multidisciplinary perspective by the leading scholars in the field. It will appeal to professionals, PhD students and graduate students alike, namely those in the fields of international relations, political economy, political science, international development and regional studies. Contributors include: S. Amin, L.C. Bresser-Pereira, P. Dutkiewicz, J. Ghosh, S.S. Karatasli, S. Kumral, J.Y. Lin, J.A. Ocampo, D. Pasciuti, P. Patnaik, V. Popov, R. Sakwa, B.J. Silver, J.K. Sundaram

Table of Contents:
Contents: Introduction Vladimir Popov 1. Convergence? More Developing Countries are Catching Up Vladimir Popov and Jomo Kwame Sundaram 2. World Hegemonies and Global Inequalities Sahan Savas Karatasli, Sefika Kumral, Daniel Pasciuti and Beverly J. Silver 3. Why Growth Rates Differ Vladimir Popov 4. Lessons from China and East Asia's Catch Up: The New Structural Economics Perspective Justin Yifu Lin 5. Why the “Rest” doesn’t need Foreign Finance Luiz Carlos Bresser-Pereira 6. Global “disorder” and the rise of finance: Implications for the development project Jayati Ghosh 7. Capitalism and India's Democratic Revolution Prabhat Patnaik 8. Latin America’s Development: a Short Historical Account José Antonio Ocampo 9. Russia and the European Union: the Clash of World Orders Richard Sakwa 10. Contemporary Imperialism Samir Amin 11. The Rest beyond the West - Conclusions Piotr Dutkiewicz Index

About the Author :
Edited by Vladimir Popov, Central Economics and Mathematics Institute, Moscow, Russia and Piotr Dutkiewicz, Political Science Department, Carleton University, Canada

Review :
‘The discussions in this book are interesting, thought-provoking, and well-written. The book would be an excellent choice for an undergraduate or graduate student working to better understand current international relations—particularly following the succession of the post-Cold War world and the theories surrounding the complexities of a multi-polar world. The book would also be a great choice for an individual hoping to learn more about the current state of international politics.’ ‘Despite the book’s several chapters being written by different authors with many and varied views and perspectives, it is coherent and fascinating to read. . . The intended readers are graduate and PhD students, as well as professionals in development studies and related fields, who should find this book a compelling proposition that answers many questions but raises even more.’ 'This book, written by leading specialists in the economics of catch-up development, makes a fresh and important addition to the literature on the subject. The authors introduce readers to a discussion of the most important problems of our modernity. They analyze a complicated picture of the rising ''Rest'', including China and India, Russia and Latin America, trying to understand the consequences of the current economic trends and outline a way to the more harmonized New World Order.' --Victor Polterovich, Central Economics and Mathematics Institute, Russia 'This book, edited by Vladimir Popov and Piotr Dutkiewicz, with contributions from an array of well-known scholars and former policy-makers, is an important contribution to understanding critical issues of our time: will convergence between the west and ''the rest'' accelerate in the 21st century? Can convergence come to a halt? How can global and regional institutions accommodate the irruption of new world economic powerhouses? Do neoliberalism and structural development theories provide appropriate conceptual and policy responses for a rapidly changing world order? This book offers useful insights, historical evidence and prospective scenario analysis to address these important questions. I strongly recommend it.' --Andres Solimano, International Center for Globalization and Development, author of Global Capitalism at Disarray, OUP, 2017