Preface; Overview; Part I. What Caused the 2008-9 Global Crisis?: 1. The world economy and the 2008-9 crisis; 2. The real causes of the crisis; 3. Financial deregulation and the housing bubble; 4. What's wrong with the Eurozone; 5. Why China's reserves rose so much; Part II. A Win-Win Path to Recovery: 6. Infrastructure investments - beyond Keynesianism; 7. A massive global infrastructure initiative; Part III. How Poor Countries Can Catch up: Flying Geese and Leading Dragons: 8. The mystery of the great divergence; 9. The mechanics and benefits of structural change; 10. Lessons from the failures and successes of structural transformation; 11. Unique opportunities for poor countries; Part IV. Toward a Brave New World Monetary System: 12. The evolution of the international monetary system; 13. Emerging pressures and policy challenges; 14. (In)stability of the emerging multiple reserve currency system; 15. The thinking behind the main reform proposals; 16. Costs and benefits of major reform proposals; 17. A proposal for a new global reserve currency - paper gold ('p-gold'); 18. Why it still matters; References; Index.