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9781781951859

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'Richard Iley and Mervyn Lewis have written an extremely useful book on the global economy since the Western financial crisis. Well-written, well-informed and easily accessible to non-economists, it offers much good sense about many questions, from the future of the renminbi to that of the United States. They wisely urge that, as China's rise continues, the United States should engage with China rather than resist it. This is a book full of good judgement that deserves a wide readership.' - Martin Jacques, author, When China Rules the World: The End of the Western World and the Birth of a New Global Order 'The interplay between the macro-economic imbalances, notably in the relationship between the USA and China, and the more micro-economic shortcomings of the West's financial systems, particularly the lax regulation, forms the centre-piece of this excellently written book. In the disputes about the relative culpability of China and the USA for current macro-economic problems, they tend to support the Chinese arguments, and give well-considered arguments for so doing. This book provides an excellent, clear, and at times provocative, assessment of the course of the macro-monetary problems of the world since the great recession struck.' - Charles A.E. Goodhart, London School of Economics, UK

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Richard A. Iley, Chief Asia Economist, SPX Capital and Mervyn K. Lewis, Emeritus Professor, University of South Australia and Emeritus Fellow, Academy of the Social Sciences in Australia

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