Grzegorz W. Kolodko proposed Chinism firstlyi A which is a unique combination of the power of the state, with the visible hand, and the market, with the invisible hand. The synergy of these two super-regulators of the economy, society and polity, combined with meritocracy, when rational people make rational decisions in a rational way, made a historical leap of civilization possible.The author begins this book with a concise overview of the essence of New Pragmatism, and then, from the perspectives of its determinants and the consequences and implications for other countries and for the world economy to assess China’s development process.He regards that Chinism is a syncretic economic system based on multiple forms of ownership of means of production, coming hand in hand with centralised power essentially based on meritocracy. The policy implemented by the state is competent and responsible. At the same time, it is oriented to fulfilling long-term strategic goals, to which medium-term and immediate goals are subordinated.Therefore, the author shares his prediction on the world economy: World’s future will increasingly depend on China’s future.Writing about the future, the author naturally refers to the development challenges that China will face in the decade of 2020s and beyondis China has already achieved a lot in its sustainable development, but there is still much to be done, especially in terms of reducing income inequalities and enhancing social cohesion, as well as environmental protection and creating a green economy.
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