Three Billion New Capitalists: The Great Shift of Wealth and Power to the East / Edition 1

Three Billion New Capitalists: The Great Shift of Wealth and Power to the East / Edition 1

by Clyde V. Prestowitz
     
 

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ISBN-10: 0465062822

ISBN-13: 2900465062828

Pub. Date: 06/28/2006

Publisher: Basic Books

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

Overview

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.

Product Details

ISBN-13:
2900465062828
Publisher:
Basic Books
Publication date:
06/28/2006
Edition description:
Reprint
Pages:
336

Table of Contents

Prologueix
1Icebergs Ahead1
2How the Capitalist Road Turned East22
3The Global Ballet43
4Made in China58
5Serviced in India79
6High Tech I: America's Baby106
7High Tech II: The World's Baby135
8Cheap No More150
9The End of the Dollar164
10The Comfortable Road to Ruin195
11The Great Shift224
12To Ride the Third Wave254
Notes279
Recommended Reading297
Acknowledgments299
Index303

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