. Martin Jacques, author, When China Rules the World: The End of the Western World and the Birth of a New Global Order The … times provocative, assessment of the course of the macro-monetary problems of the world since the "great recession" struck … emerging market economies, while the US, Japan and Europe have laboured under the great recession. The authors examine global …

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 …