Great Global Transformation

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A world-leading economist guides us through the ruins of the current world order- where do we go next?

A Financial Times Book of the Year

Global neoliberalism is on its last legs, while a new international economic order is taking hold. Trade blocs, tariff wars, economic sanctions, and national champions are in; nationalism, anti-immigration movements and the far-right are on the rise. Liberalism is being rejected by the civic realm, as the status quo of the past fifty years crumbles. What remains in its wake?

Drawing on original research, leading economist Branko Milanovic reveals the seismic shifts that are shaping our world. He details the facts- how the rising economic power of Asia is creating a new global 'middle class' in the greatest reshuffle of incomes since the Industrial Revolution. He explores our fears- why are we becoming increasingly unhappy, when the world is becoming richer and more equal? And he shows us the fight ahead- as plutocracy returns, global war threatens, and a new system silently shapes our nations, driving malcontent to breaking point. In The Great Global Transformation, Milanovic provides an invaluable guide to the new 21st century.

Book details and technical specifications

Format: Hardback
ISBN13: 9780241678930
Published: November 2025

Number of pages: 288
Width: 165 mm
Height: 241 mm
Depth: 29 mm

Publisher: Penguin Books Ltd