Nobel Prize Michael Spence presents the new economic players and the challenges of the global world. At the dawn of the third millennium, there are new players that have taken the economic stage: they are the emerging economies, in particular, the so-called BRIC group (Brazil, Russia, India, China) and south-east Asia; the story of their overwhelming development, lights and shadows of the new dynamics of the global economy.

CHAPTERS:
1. From the Industrial Revolution to global growth
2. Information and asymmetries of the market
3. The economy of developing countries
4. Africa and the “lacking” growth
5. The ups and downs of Latin America
6. The phases of growth and the world economy
7. The long march of the Chinese Giant
8. The “trap” of average incomes
9. The difficult transition of emerging countries
10. China and the risks of the global economy
11. Manufacturing and the “added value”
12. The big run-up of India
13. Growth and Social Justice
14. Rethinking development
15. The wealth of the planet
16. The challenges of advanced countries
17. Should we be pessimists?