Why Is the West Failing? The Failing Economy and the Rise of the East

Low growth has become the prevailing economic norm in the West. As China and other Asian countries continue their advance,

Western experts see stagnation as inevitable. In this controversial book, veteran businessman and economist John Mills forcefully refutes these assumptions. He argues that the poor performance of Western economies since the 1970s stems from a political framework that has disastrously ignored the importance of industrial competitiveness. He shows that the key to boosting productivity, and therefore growth, lies in encouraging a manufacturing revival through investment and a competitive exchange rate policy. This will not only generate the additional resources we need to combat climate change, but will also reduce the risk of Western policies slipping into further populist excesses. It will also enable us to halt the disastrous political consequences of Chinese economic dominance. Anyone concerned about the future of the global economy cannot miss this scathing critique of the policies that have led the West to economic failure for decades.