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The War for Wealth: The True Story of Globalization, or Why the Flat World is Broken
     

The War for Wealth: The True Story of Globalization, or Why the Flat World is Broken

by Gabor Steingart
 

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A LIBRARY JOURNAL 2008 BEST BUSINESS BOOK OF THE YEAR!

Globalization. The Flat World. Outsourcing. Free Trade.

Each of these phrases is a flashpoint in one of the most heated debates of our lifetime: Is globalization a force for good, or is it a policy that is sure to destroy the economic foundation of the United States and

Overview

A LIBRARY JOURNAL 2008 BEST BUSINESS BOOK OF THE YEAR!

Globalization. The Flat World. Outsourcing. Free Trade.

Each of these phrases is a flashpoint in one of the most heated debates of our lifetime: Is globalization a force for good, or is it a policy that is sure to destroy the economic foundation of the United States and Europe while exporting our wealth and prosperity overseas?

In The War for Wealth, leading intellectual and agenda-setting journalist Gabor Steingart examines how globalization has affected the state of the world's economy and returns with a bleak outlook for the West: our prosperity and wealth are disappearing faster than ever, and with it our political power and our long-held democratic ideals. But all is not lost; we can still stem the flow of capital and jobs and once again restore the West to its respected position of global leader in economics and politics.

In this eye-opening and dramatic account, Steingart lays out the three potential scenarios the world faces - a “shock scenario” in which there is a global economic crash, an “Asia-over-all scenario” where the rising economies of Asia completely overtake the West, or the “American renaissance scenario” in which U.S. politicians unite with each other and with Europe, forming a pragmatic third way to bring the West back from the brink of destruction.

Compelling, controversial, and thought-provoking, The War for Wealth alerts readers to the crucial state of the Western economy--and shows how leaders can return the West to its position of power in the global arena.

Editorial Reviews

Library Journal

Thomas Friedman's The World Is Flat synthesized academic work on globalization into a book for everyone. Now Steingart (Washington, DC, correspondent, Der Spiegel) examines the dark side of globalization for a similarly broad audience. Forcefully, he hammers home his thesis that globalization comes with many negatives and dangers. He warns that nations like India and China are aggressively setting the stage for a redistribution of wealth from the West to Asia. He explains that they and other Asian nations have gradually come to dominate first manufacturing and then services and will soon dominate research and development. He says that U.S. and European jobs lost to Asia are not being replaced with comparable ones: workers in general are losing their economic power as Asian businesses exploit their own glut of low-cost, easily controlled labor. Steingart cautions that in addition to economic strength, these Asian nations are building up their military might not unlike the European powers did before World War I. Ultimately, he provides a glimmer of hope with suggestions for how the West can regain its economic vitality. His cautionary work is deeply thoughtful, accessible to all, and highly recommended for all libraries. [This edition has additional material not in the original German one.-Ed.]
—Lawrence R. Maxted

Product Details

ISBN-13:
9780071641593
Publisher:
McGraw-Hill Education
Publication date:
04/25/2008
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
304
File size:
362 KB

Meet the Author

Gabor Steingart is an internationally bestselling author and the senior correspondent for Der Spiegel in Washington D.C., where he lives with his family. He has been awarded The Economic Writer of the Year award in Germany, and in 2007 he won the Helmut Schmidt Award for Advanced Journalism. His op-ed pieces are published in the Wall Street Journal and European Affairs. Steingart's weekly column “West Wing - The Battle for the White House” appears on Speigel Online (www.spiegel.de/westwing) and on RealClearPolitics.com.

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