A once-in-a-century change in the world’s economic order is underway. Yet few in the West grasp what that means or how to manage in the new order. In America as No.3: Get Real About China, India and the Rest, Hugh Peyman delivers a powerful and timely message: the era of unchallenged Western dominance is coming to an end, and the West must adapt, for everyone’s sake. The OECD calculates China’s Real GDP on a Purchasing Power Basis is already 27% ahead of the United States. By 2050 China will be 70% larger and India will be No. 2, leaving America as No. 3.
Credit: World Scientific
A once-in-a-century change in the world’s economic order is underway. Yet few in the West grasp what that means or how to manage in the new order. In America as No.3: Get Real About China, India and the Rest, Hugh Peyman delivers a powerful and timely message: the era of unchallenged Western dominance is coming to an end, and the West must adapt, for everyone’s sake. The OECD calculates China’s Real GDP on a Purchasing Power Basis is already 27% ahead of the United States. By 2050 China will be 70% larger and India will be No. 2, leaving America as No. 3.
Three imminent shocks lie in wait that the West must confront head-on: economic, demographic, and competence. As economic power undergoes a tectonic shift, the global decision-making landscape is rapidly evolving, necessitating an end to exclusion of China, India and the Rest. Recent events from the COVID pandemic to Afghanistan’s crisis and domestic turmoil have raised serious questions about Western competence in managing critical issues and averting potential catastrophe.
Central to the book is the need for a Biden-Xi Grand Bargain, akin to the historic accord between Nixon and Mao. Peyman urges leaders to embrace the wisdom of Yin and Yang, recognizing that opposites can complement each other for lasting mutual benefit. By heeding economists, especially development economists, and business experts with a deep understanding of China, the West can navigate these challenges with wisdom and foresight to address existential threats, from environmental crises to the spectre of nuclear war.
Hugh Peyman takes readers on an insightful journey that explores the emerging New New World, offering a roadmap to embrace change positively. This is both timely and thought-provoking, as US-China relations continue to hit lows, showing how prolonged economic disruption and even nuclear war can be avoided.
America as No.3: Get Real About China, India and the Rest retails for US$38 / UK £35 (paperback) and US$78 / UK£70 (hardcover) and is also available in electronic formats. To order or know more about the book, visit http://www.worldscientific.com/worldscibooks/10.1142/13329.
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About the Author
From a rare perspective, Asia-based Hugh Peyman has, for 45 years, watched China re-emerge; experiencing key moments and rapid change first-hand from Hong Kong, Kuala Lumpur, Singapore and Shanghai. After reading Politics, Philosophy and Economics at Oxford in 1973, he co-authored The Great Uhuru Railway: China’s Showpiece in Africa (Gollancz London 1976) and then moved with Reuters to Hong Kong in 1977. Before 35 years of financial markets research, he joined Asia’s leading economics, politics and business magazine, the Far Eastern Economic Review, gaining a 360-degree perspective on Asia and China’s global integration. At Merrill Lynch he headed Asian Research ex-Japan. In 1999 he founded Research-Works to do independent long-term research. He now focuses on writing. His previous publication, China’s Change: The Greatest Show on Earth (World Scientific Singapore 2018), won the Sharjah International Non-Fiction Prize.
About World Scientific Publishing Co.
World Scientific Publishing is a leading international independent publisher of books and journals for the scholarly, research and professional communities. World Scientific collaborates with prestigious organisations like the Nobel Foundation and US National Academies Press to bring high quality academic and professional content to researchers and academics worldwide. The company publishes about 600 books and over 170 journals in various fields annually. To find out more about World Scientific, please visit www.worldscientific.com.
For more information, contact WSPC Communications at [email protected].
DOI
10.1142/13329
