EAN: 9781509551941

WHY THE WEST IS FAILING - JOHN MILLS KARTONIERT...

Low growth has become the economic default in the West. While China and other Asian Tigers
continue to steam ahead  western commentators either argue that stagnation is inevitable 
ignoring growth in order to focus on other factors such as inflation or inequality  or disclaim
growth altogether. In Why the West is Failing  veteran businessman and economist John Mills
strongly refutes these arguments. He maintains that the anaemic performance of western
economies since the 1970s is due to the dominance of a policy framework that has fatally
ignored the importance of industrial competitiveness. He shows that the key to driving up
productivity - and thereby growth - is to promote a revival of manufacturing through investment
and a competitive exchange rate policy. This would produce the extra resources needed to tackle
climate change and reduce the risk of western politics continuing to spiral towards populist
excess. It would also allow us to impede the baleful political consequences of Chinese economic
domination.

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