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

• Contents: Preface 1. The Rapidly Changing World Economy 2. The Great Recession 3. Global Finance and Payments Imbalances 4. The Role of Monetary Policy 5. The Post-crisis World 6. China’s Prospects and Challenges 7. The US External Position 8. The Redback, the Greenback and the Troubled Euro 9. Conclusions References Index

’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.’

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

• Contents: Preface 1. The Rapidly Changing World Economy 2. The Great Recession 3. Global Finance and Payments Imbalances 4. The Role of Monetary Policy 5. The Post-crisis World 6. China’s Prospects and Challenges 7. The US External Position 8. The Redback, the Greenback and the Troubled Euro 9. Conclusions References Index

’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.’

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

• Contents: Preface 1. The Rapidly Changing World Economy 2. The Great Recession 3. Global Finance and Payments Imbalances 4. The Role of Monetary Policy 5. The Post-crisis World 6. China’s Prospects and Challenges 7. The US External Position 8. The Redback, the Greenback and the Troubled Euro 9. Conclusions References Index

’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.’