Contents -- Acknowledgements -- About This Book: Main Issues -- I. In Perspective: Long-Term Economic Growth -- I.1. Consequences of China's Rise -- I.2. Asia: Finally Getting There? -- I.3. China's Rise in Perspective -- I.4. Long-Term Growth: Where Does It Come From? -- I.5. Seven Pillars of Western Wisdom and the Soft Infrastructure of Capitalism -- I.6. Democracy and Indicators of Good Governance -- II. The West Competing with Low-Wage China -- II.1. China's Bilateral Trade Surpluses with the EU and the US: One Big Difference -- II.2. Are Jobs and Wages in the West at Risk? -- II.3. What Is It: Low-Wage Countries or Technology -- or Both? -- II.4. Globalisation: South/North Divide in the EU, Left/Right in the US -- II.5. Could It Be? The EU Better Placed to Face the Challenge? -- II.5.1. The EU-Lisbon Agenda and Macro-Economic Stability -- II.5.2. The More Inclusive EU: Social Security -- II.5.3. The More Inclusive EU: Education -- II.5.4. World Bank Indicators of Good Governance, EU and US Compared -- II.5.5. But … Is This Analysis Correct? -- III. The Real Challenge, the Environment: The Return of Malthus? -- III.1. Environmental Consequences of China's Rise -- III.2. Is This Sustainable: New Scarcities and the Return of Inflation -- III.3. Is This Sustainable: Nine Billion People and Three Billion Cars in 2050? -- III.4. The Environment: What can be Done? -- III.5. The US: A "Responsible Stakeholder" Again? -- IV. China and the West, Asia and the Rest -- V. Then the World Changed: Crisis -- V.1. World Economy in Turnmoil -- V.2. Crisis: Paradigm Change? -- V.3. No More Scarcities? -- V.4. Good Governance: What Is "Good"? -- V.5. The Environment, International Cooperation -- References -- Index.