Why does the West fail? The failed economy and the rise of the East

#### Low growth has become the economic norm in the West. While China and other Asian countries continue to advance, Western experts see recession as inevitable. * In this controversial book, veteran businessman and economist John Mills powerfully refutes these assumptions. He argues that the poor performance of Western economies since the 1970s stems from the dominance of a policy framework that has disastrously ignored the importance of industrial competitiveness. It shows that the key to enhancing productivity, and thus growth, lies in encouraging the recovery of the manufacturing sector through investment and a competitive exchange rate policy. Not only will this generate the additional resources we need to confront climate change, it will also reduce the risk of Western politics sliding into further populist excesses. It will also enable us to stem the dire 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 into economic failure for decades.