Overview

What happens when yesterday s winning formula becomes today s liability? In this bold and thought-provoking book, Western Democracy: The First Mover Disadvantage, the triumphs of Western democracies are reexamined as the seeds of their current struggles. Once hailed as the pinnacle of governance, freedom, and prosperity, the West now faces mounting challenges: unsustainable welfare states, deindustrialization, entrenched interest groups, and a paralyzing inability to adapt to shifting global dynamics. Meanwhile, China has risen as a global powerhouse by learning from and improving upon the West s model. By blending state-led planning with market innovation, China has avoided the pitfalls of short-termism and systemic inertia. Its unparalleled adaptability and strategic foresight have propelled it to the forefront of technology, infrastructure, and economic development. But this isn t just a story about decline or rivalry. It s a call to action. The book argues that for Western democracies to remain relevant, they must rediscover the innovative spirit and pragmatism that once defined their success. It also challenges long-held assumptions about U.S. China relations, proposing a future of collaboration over confrontation in addressing global challenges like climate change, artificial intelligence, and economic inequality. Compelling, provocative, and deeply insightful, Western Democracy: The First Mover Disadvantage will change how you think about the past, present, and future of global power. Will the West cling to its outdated playbook or dare to weave a new path forward? The answer may shape the 21st century.

Full Product Details

9798897892457

Table of Contents

Reviews

Author Information

Sing Tong Pang served as Deputy Chief Executive of the Hong Kong Monetary Authority (2004 2016) after earlier roles heading its Monetary Policy, Markets, and Banking Policy divisions. Earlier, he was founding CEO of the Hong Kong Mortgage Corporation (1997 2004). His forty years in central banking and capital-markets reform give him inside access to the policy dilemmas the book scrutinises. Sing Tong holds a B.Soc.Sc. from the University of Hong Kong and an M.S. in Management from Stanford University and currently sits on several financial-sector boards.

Tab Content 6

Countries Available