This title was first published in 2003. Emerging Market Economies: Globalization and Development is the result of a comprehensive international research project co-ordinated within TIGER (Transformation, Integration and Globalization Economic Research). It deals with economic, social and political implications of globalization for the development of emerging market economies and is authored by a host of international scholars from the USA, Chile, Tanzania, UK, Italy, Hungary, Poland, Romania, China and Japan. Kolodko et al examine the fundamental issues of the influences of globalization on the markets for capital, goods and labour and for the growth and development in emerging markets including post-communist countries. The study includes a number of comprehensive and compatible works which deal especially with the chances for and mechanism of catching-up on these emerging markets.

This title was first published in 2003. Emerging Market Economies: Globalization and Development is the result of a comprehensive international research project co-ordinated within the TIGER (Transformation, Integration and Globalization Economic Research). It deals with economic, social and political implications of globalization for the development of emerging market economies and is authored by a host of international scholars from the USA, Chile, Tanzania, UK/Italy, Hungary, Poland, Romania, China and Japan. Kolodko et al examine the fundamental issues of the influences of globalization on the markets for capital, goods and labour and for the growth and development in emerging markets including post-communist countries. The study includes a number of comprehensive and compatible works which deal especially with the chances for and mechanism of catching-up on these emerging markets.

This book highlights the geopolitical and economic consequences of the Russia's invasion of Ukraine. The author, a key architect of Polish eco- nomic reforms and the most frequently cited economist from post-Com- munist countries, shares new insights into the causes and mechanisms of the Second Cold War. Written in an unorthodox, bold and lucid style, the book raises provocative issues and provides convincing answers to some of the most difficult questions, such as who the true beneficiaries and interest groups behind the war are, and what their motives and con- flicting goals are. The book also introduces readers to the greatest challenge of our time, climate change, and explores the long-term effects of the current arms race and rearmament spiral on global warming. This interdisciplinary book, which also addresses the challenges of inflation, mass migrations and clashes between democracy and authoritarianism, will appeal to anyone interested in the contemporary geopolitical shifts triggered by the Russia's invasion of Ukraine, but also in the dynamics and directions of the evolution of the new cold war.

An FT SUMMER READ 2020 The forces of globalization have transformed the world economically, but in the West politics is becoming increasingly fractured as living standards stagnate for all but the very wealthy. As a result, alienation and nationalism are on the rise. China, in the meantime, has become the most powerful economy in the world from the same forces of globalization which have imprisoned the west. Here, Grzegorz W. Kolodko parses the economic system in China and brings his uniquely clear and far sighted analysis to bear on the global economy. Through a qualitative and extensive quantitative economic analysis of the global economy, and it's tilt towards Asia, Kolodko offers prescriptions on how the west can learn from China's approach, and make globalization work for citizens once more. An essential book for scholars and students of political economy, from one of the West's most authoritative scholars and practitioners. Translated by Joanna Luczak

This book provides answers to fundamental questions of sustainable development and international cooperation in light of irreversible globalization. Based on comprehensive research and a wealth of experience from his own political activities, the author offers an insightful analysis of the globalized economy and its political, cultural and ecological context. Presenting an objective assessment, the author diagnoses the state of affairs and formulates recipes to overcome present day challenges, such as income inequalities, climate change, demographic imbalance and the new Cold War, which overlap with the "black trinity": populism, nationalism and authoritarianism. "Grzegorz Kolodko is one of the most acute observers of the international economy, based on long experience both as a practitioner and as an academic. His writings are always an important starting point for debate and discussion about the political economy of globalization." Francis Fukuyama, Stanford University, author of "The End of History" "Grzegorz Kolodko unites deep policy experience, a vast breadth of observation and a solid grip on real-world economics in his case for a new pragmatism. For all involved in the causes of peace, justice, shared prosperity and public purpose, he is a leader and an ally." James K. Galbraith, The University of Texas at Austin "Dr. Kolodko delivers comprehensive and inspiring economic analysis, drawing on his rich historical political leadership. His probing and insightful assessment of globalization in today's and tomorrow's world is a must read." Rev. Jesse L. Jackson, President of Rainbow Coalition and International Civil Rights Activist

Globalization and post-communist transition are currently two of the most important economic issues. Kolodko considers the links between them, and the way forward for post-socialist economies. Kolodko, former finance minister of Poland, considers the links between issues of globalization and post-communist transition, the two most important economic features of the turn of the century. He discusses the pattern of economic growth and contraction of the past fifty years, and reviews the options for the next half century. He accounts for the severity of the transitional recession in Eastern Europe and the former Soviet Union as a result of both the legacies of the past and current policy mistakes, but demonstrates how structural reforms and gradual institutional building have enabled some post-socialist economies to recover. He proposes that, within the wider context of globalization, several of these emerging market economies will be able to catch up with the more advanced industrial countries, but emphasizes the need for quality growth policies and continuing coordination between development strategies and efforts toward structural reform. Grzegorz W. Kolodko is John C. Evans Professor in European Studies at the University of Rochester, and Director of TIGER -- Transformation, Integration and Globalization Economic Research -- at the Leon Kozminski Academy of Entrepreneurship and Management [WSPiZ].

Grzegorz W. Kolodko, one of the world's leading authorities on economics and development policy and a key architect of Poland's successful economic reforms, applies his far-reaching knowledge to the past and future of the world economy, introducing a framework for understanding our global situation that transcends any single discipline or paradigm.

Deploying a novel mix of scientific evaluation and personal observation, Kolodko begins with a brief discussion of misinformation and its perpetuation in economics and politics. He criticizes the simplification of complex economic and social issues and investigates the link between developments in the global economy and cultural change, scientific discoveries, and political fluctuations. Underscoring the necessity of conceptual and theoretical innovation in understanding our global economic situation, Kolodko offers a provocative study of globalization and the possibility of coming out ahead in an era of worldwide interdependence. Deeply critical of neoliberalism, which sought to transfer economic control exclusively to the private sector, Kolodko explores the virtues of social-economic development and the new rules of the economic game. He concludes with a look at our near and distant future, questioning whether we have a say in its making.

As the name suggests, this book is about "Management and Economic Policy for Development". This volume, which is written by two dozen distinguished scholars, including the Nobel Laureate, Professor Edmund E. Phelps from Columbia University, successful managers and policymakers from a number of countries and different cultures, discusses the conditions for good economic performance, successful microeconomic management and macroeconomic governance. The complex analysis leads the authors to conclusions about why the contemporary knowledge-based economy depends on a sound economic performance, competitiveness and economic growth. This book is a must read for everybody looking for an answer on how to manage and govern his/her business, his/her region, his/her organisation, or even his/her country. The book has been edited by Professor Grzegorz W Kolodko, founder and Director of TIGER, Transformation, Integration, and Globalisation Economic Research at Kozminski University, former deputy prime minister and minister of finance of Poland, country successful in post-socialist systemic transformation. He claims, on the one hand, that a sound economic policy and good company management must be based on proper theory; and, on the other hand, that a good theory must rely on critical observation and an analysis of practice. If this is what you are interested in, then this book is for you.

An FT SUMMER READ 2020 The forces of globalization have transformed the world economically, but in the West politics is becoming increasingly fractured as living standards stagnate for all but the very wealthy. As a result, alienation and nationalism are on the rise. China, in the meantime, has become the most powerful economy in the world from the same forces of globalization which have imprisoned the west. Here, Grzegorz W. Kolodko parses the economic system in China and brings his uniquely clear and far sighted analysis to bear on the global economy. Through a qualitative and extensive quantitative economic analysis of the global economy, and it's tilt towards Asia, Kolodko offers prescriptions on how the west can learn from China's approach, and make globalization work for citizens once more. An essential book for scholars and students of political economy, from one of the West's most authoritative scholars and practitioners. Translated by Joanna Luczak

1 Stabilization programs - assumptions, background, implementation.- 2 Postsocialist economy and stabilization policy.- 3 Stabilization in Yugoslavia.- 4 Polish hyperinflation and stabilization 1989-1991.- 5 Stabilization in Viet Nam.- 6 Stabilization, transformation and growth. Comparative analysis.- Annexe Stabilization in Israel.- 1. Inflationary processes in Israel before 1985.- 2. Assumptions of the stabilization program.- 3. Initial results of the program.- 4. Evaluation of the first stage of the program.- 5. Sources of economic recession.- 6. Causes of the limited scale of inflation suppression.- 7. The costs of stabilization "anchored" on exchange rate.- 8. Attempt at program evaluation.- References.

An answer for the economist is a question for a policy maker. Most economists are confronted daily with the practical question of how the world is organised and how the global economy performs? When economists conclude they can grasp certain aspects scientifically, they offer an answer, which becomes, in turn, a question to the policy makers, keen on changing the world for the better. The unique approach presented in the book is the combination of the theoretical considerations with the policy viewpoint analysis, due to the author's own experience with policy-making as deputy premier and finance minister of Poland (twice and very successful as an architect of Polish reforms). Another important feature is a vast, yet comprehensive and deep discussion of the interactions between technology change and society and the economy both, in the world economy and in emerging markets, especially the post-communist ones. Of great importance for sustained development are the institutions. They are not only created and built, but also need to be learnt. Not only theoretical arguments, but also the practical experience demonstrates that faster economic growth is attained by those countries which take greater care to foster the institutional reinforcement of market economy and civic society. Yet progress in market-economy institution building is not in itself sufficient to ensure durable and fast growth. Another indispensable component is an appropriately designed and implemented economic policy, which must not confuse the means with the aims.

Globalisation, like no other term, has gained in recent years a prominent position in nearly all branches of social science. Consequently, its definitions abound, also in economics -- a discipline to which it has a special relevance. In economic terms, Globalisation is the historical process of gradual, yet persistent liberalisation followed by the coalescence of the hitherto largely fragmented markets of goods, capital and labour into a single global market. The concurrent regional integration processes, should by no means be seen as a trend opposed to Globalisation, which they may even facilitate in some circumstances by moving integration to a higher level: from that of national economics up to that of international organisations, for instance, the EU integrating with NAFTA, ASEAN with CIS or Mercosur with Caricom. Thus defined Globalisation depends on a variety of circumstances and has numerous implications. It is an extremely dynamic and complex process which, therefore, allows of no unambiguous assessment. Globalisation is an irreversible process, although -- as the experience of the last two or three years has shown -- its progress can be significantly impeded in the short run by various kinds of political and economic shocks. So the idea is to follow an enlightened and wise development strategy and a well-co-ordinated policy -- in this case, on the international and global scale -- that would minimise the attendant problems and eliminate, as far as possible, the concomitant social stress. How to achieve this goal is the question the authors address in this volume.

Humanity faces epoch-making challenges arising from the convergence of demographic, social, economic, ecological and political megatrends, which are additionally superimposed by the fatal COVID-19 pandemic and the new Cold War. Traditional economic thought is not able to cope with them. In the conditions of irreversible globalization, these challenges are met by the original concept of a new pragmatism - a peculiar interface between economic theory and practical economic policy for sustainable development. Grzegorz W. Kolodko, an outstanding economist with a world-wide reputation, a public intellectual, successful politician and a globetrotter who has explored the world - clearly writes what is happening in the economy and why, on its links with society and politics, environment, security, culture and technology. The work devotes due attention to the rise of China and the consequences of its global expansion. The unique interdisciplinary approach to the issues discussed makes this book a fascinating read for all professionals interested in the future of a rapidly changing world.

It is commonly believed that Great Transformation -- the process of post-socialist changes leading from the system of more or less reformed central planning, based on state ownership domination and bureaucratic control, to the free market system, based on private ownership domination and deregulation, started in 1989. The anniversary, which marked two decades of system transformation, was celebrated by a group of authors who met in Warsaw; an event which undoubtedly changed the course of history and stimulated the process of post-socialist reforms. This book presents research for the conference purposes, which deals with a range of issues related to structural reforms and creating market economy institutions -- from Central Europe through Russia to China.

This is the first comprehensive study of the economics and politics of postsocialism in thirty transition economies of Europe and Asia, comparing initial conditions, shifting target models, paths to reform, and progress to date. It is written by the architect of Poland's successful economic reforms, who offers alternative policy proposals to the Washington Consensus based on his practical experience.