In Dragon's Tail, Andrew Charlton explores the supercharged rise of China and considers Australia's future as the Chinese dragon stirs and shifts. China's rise has been perhaps the most significant economic event in two centuries, occurring 100 times more quickly and on a scale 1000 times larger than Britain's Industrial Revolution. Since 2000, Australia has been an essential part of this transformation, providing the raw materials to feed China's frantic manufacture of steel vertebrae for everything from cars and trucks to railways, apartments and office towers. China's appetite for resources has made us richer than ever before, but it has also drained the competitiveness from many parts of our economy, leaving us vulnerable. In Dragon's Tail, Andrew Charlton shows that China's growth model is now reaching its limit, and the world's most populous economy faces a challenging transition. Whether China crashes, or crashes through, this will have dramatic implications for Australia, slowing the demand for our resources and forcing us to reassess the foundations of our wealth. Charlton looks at ways to revitalise the Australian economy and secure our prosperity in a changing world. 'Understanding China's growth model helps explain why Australia has done so well in the twenty-first century. But it also explains why, at the same time, our economic anxiety is reaching a zenith- why Holden is leaving, why the budget is in such an apparent quagmire, why house prices are soaring, why the dollar is so volatile. China's growth has brought us a windfall, but it is a precarious sort of prosperity.' Andrew Charlton, Dragon's Tail

Witnessing at first-hand the failure of the Copenhagen Climate Conference and wondering what went wrong, Andrew Charlton realised the truth of a colleague's words: "The world is split between those who want to save the planet and those who want to save themselves." In this groundbreaking essay, Charlton discusses the rift that will shape our future: progress versus planet; rich versus poor. In recent times environmentalists have argued with mounting force that the growth of human activity on our planet is unsustainable. We are, they claim, on a collision course with destiny. But, the developing world counters, environmental threats, dire as they may be, are not the only challenges we face. Indeed, these can seem a distant danger compared to the daily tragedies of life in slums and villages. Across the globe, economists and environmentalists vie over who has the right response to climate change, population growth and food scarcity. In Australia, this battle has plunged our politics into one of its most tumultuous periods. In Man-Made World Charlton evaluates some of the proposed solutions -renewable and nuclear energy, organic and genetically modified food - and argues that our descendants will only thank us if we find a way to preserve both the natural world and human progress. "Progress has its price. Each step of human advancement has left a footprint on the planet. Today our two defining challenges are managing climate change and eliminating global poverty. In Copenhagen we learned that these challenges are inseparable." -Andrew Charlton, Man-Made World About the Author: Andrew Charlton was senior economic adviser to the prime minister from 2008 to 2010. During that time he served as Australia's senior official to the G20 summits and the prime minister's representative to the Copenhagen Climate Conference. He previously worked for the London School of Economics, the United Nations and the Boston Consulting Group and received his doctorate in economics from Oxford University, where he studied as a Rhodes Scholar. He is the author of Ozonomics (2007) and Fair Trade for All (2005), co-written with Nobel laureate Joseph Stiglitz. This edition of Quarterly Essay also includes a piece by one of Australia's leading writers, Richard Flanagan, entitled The Australian Disease: On the decline of love and the rise of non-freedom.

Winner of the Nobel Prize in Economics and author of the New York Times bestselling book Globalization and Its Discontents, Joseph E. Stiglitz here joins with fellow economist Andrew Charlton to offer a challenging and controversial argument about how globalization can actually help Third World countries to develop and prosper.
In Fair Trade For All, Stiglitz and Charlton address one of the key issues facing world leaders today--how can the poorer countries of the world be helped to help themselves through freer, fairer trade? To answer this question, the authors put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all nations and not just the most powerful economies, to ensure that trade promotes development, and to minimize the costs of adjustments. The book illuminates the reforms and principles upon which a successful settlement must be based.
Vividly written, highly topical, and packed with insightful analyses, Fair Trade For All offers a radical new solution to the problems of world trade. It is a must read for anyone interested in globalization and development in the Third World.

How can the poorer countries of the world be helped to help themselves through freer, fairer trade? In this challenging and controversial book Nobel prize-winning economist Joseph E. Stiglitz and his co-author Andrew Charlton address one of the key issues facing world leaders today. They put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all and not just the most powerful economies, to ensure that trade promotes development, and to minimise the costs of adjustments. Beginning with a brief history of the World Trade Organisation and its agreements, the authors explore the issues and events which led to the failure of Cancun and the obstacles that face the successful completion of the Doha Round of negotiations. Finally they spell out the reforms and principles upon which a successful agreement must be based. Accessibly written and packed full of empirical evidence and analysis, this book is a must read for anyone interested in world trade and development.

How can the poorer countries of the world be helped to help themselves through freer, fairer trade? In this challenging and controversial book Nobel prize-winning economist Joseph E. Stiglitz and his co-author Andrew Charlton address one of the key issues facing world leaders today. They put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all and not just the most powerful economies, to ensure that trade promotes development, and to minimise the costs of adjustments. Beginning with a brief history of the World Trade Organisation and its agreements, the authors explore the issues and events which led to the failure of Cancun and the obstacles that face the successful completion of the Doha Round of negotiations. Finally they spell out the reforms and principles upon which a successful agreement must be based. Accessibly written and packed full of empirical evidence and analysis, this book is a must read for anyone interested in world trade and development.