The Great Global Transformation

National Market Liberalism in a Multipolar World

Branko Milanovic author

Format:Paperback

Publisher:Penguin Books Ltd

Publishing:5th Nov '26

£12.99

This title is due to be published on 5th November, and will be despatched as soon as possible.

This paperback is available in another edition too:

The Great Global Transformation cover

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.

Milanovic has a gift of illuminating the world in both the grand context and empirical detail... expertly marrying political theory, political economy and economic history * New Statesman *
Intriguing and original -- Martin Wolf * Financial Times *
Milanovic is not just a leading economist of our time; his intellectual horizons and learning are extraordinary * Irish Times *
Milanovic’s analysis is enriched by important insights from history and sociology... the book is based on diligent work on empirical data, and produces a strong socio-economic analysis of the Chinese and Western elite * LSE Review of Books *
A penetrating analysis from the world’s foremost authority on economic inequality -- Peter Turchin
No one describes better and quantifies with such precision the global transformations now underway than Branko Milanovic. This is a must read for anyone concerned about the future of the world order -- Gordon Brown
Profound... Simultaneously panoramic and telescopic, there is no better account of how we have got to where we are, and no clearer-eyed analysis of where we might go next -- Daniel Markovits
Branko Milanovic is a singularly fearless, incisive, and panoramic thinker. The Great Global Transformation is a path-breaking analysis of how Asia's rise has shattered the neoliberal world order and what might come next -- Daniel Chandler
Yet another fascinating book by the prolific Branko Milanovic -- Grace Blakeley
More than anyone alive, Branko Milanovic was likely to propound a grand theory of our perplexing global moment, rooted in data and facts. With brilliance, panache, and reliability, he has done it in this stellar book -- Samuel Moyn

ISBN: 9781802064681

Dimensions: 198mm x 129mm x 35mm

Weight: 500g

288 pages