Three Billion New Capitalists: The Great Shift of Wealth and Power to the East

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Global economic shift Eastward; threatens Western dominance.

If you're intrigued by the dynamics of global economic change, "Three Billion New Capitalists" will take you on a thoughtful journey through the challenges and transformations taking place. Clyde Prestowitz offers a compelling analysis that unveils the shifting balance of power and wealth from the West to the East. This book serves as an insightful and critical primer for anyone interested in understanding the current and future stakes in the global economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Three Billion New Capitalists: The Great Shift of Wealth and Power to the East

Regular price $9.90
Unit price
per
ISBN: 9780465062812
Publisher: Basic Books
Date of Publication: 2005-05-03
Format: Hardcover
Related Collections: Politics, Business, Economics
Goodreads rating: 3.71
(rated by 114 readers)

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Description

By the beginning of this century it was already commonplace to speak of the U.S. as a “hyperpower,” to talk of its military, political, and economic clout as unprecedented in world history, and to assume that American dominance would continue at least throughout our lifetimes. It is conventional wisdom that America will have no serious rivals for at least a generation. But the American position is far more fragile and ephemeral than much of the world believes. Clyde Prestowitz shows the powerful yet barely visible trends that are threatening to end the six-hundred-year run of Western domination of the world. The trends include America’s increasingly unsustainable trade deficits; the equally unsustainable (and dangerous) buildup of massive dollar reserves in places like Japan and China; the end of America’s position as the world’s premier center for invention and technological innovation; the sudden entrance of 2.5 billion people in India and China into the world’s skilled job market; the role of the World Wide Web in permitting many formerly localized jobs to be done anywhere in the world; and the demographic meltdown of Europe, Japan, Russia, and, in later decades, even China. Three Billion New Capitalists is a clear-eyed and profoundly unsettling look at America’s and the world’s economic future, from an author with a history of predicting the important trends long before they become apparent to others.
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Global economic shift Eastward; threatens Western dominance.

If you're intrigued by the dynamics of global economic change, "Three Billion New Capitalists" will take you on a thoughtful journey through the challenges and transformations taking place. Clyde Prestowitz offers a compelling analysis that unveils the shifting balance of power and wealth from the West to the East. This book serves as an insightful and critical primer for anyone interested in understanding the current and future stakes in the global economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.