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Three Billion New Capitalists: The Great Shift of Wealth and Power to the East (精装)
 by Clyde Prestowitz


Category: Business in China
Market price: ¥ 278.00  MSL price: ¥ 258.00   [ Shop incentives ]
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MSL Pointer Review: An eye-opening, thought-provoking book about the global economy which commands respect and attention. One thing is for certain, the world is changing... and it will never be the same.
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  AllReviews   
  • Fred Smith (MSL quote), CEO, FedEx Corporation   <2007-06-15 00:00>

    Clyde Prestowitz understands what is driving the new wave of globalization better than anyone. He also sees the unparalleled opportunities and the enormous challenges clearly. To understand the future you must read this book.
  • Craig Barrett (MSL quote), CEO, Intel   <2007-06-15 00:00>

    Clyde Prestowitz gets it: America faces a changed world of great opportunity and great challenge. This book is a wake-up call for everyone who thinks we can cruise into the future without making major policy changes to sustain our competitiveness.
  • Ambassador Charlene Barshefsky (MSL quote), former U.S. Trade Representative   <2007-06-15 00:00>

    In his provocative and thoughtful analysis, Clyde Prestowitz lays out in rapid-fire succession the unique forces that are reshaping the global economy, and the failure of the United States to grasp that its relative economic superiority, competitiveness and power are slipping away. In the candor for which he has become justly famous, Prestowitz takes the facts, however uncomfortable, and connects the dots to compel only one conclusion-that the United States' position in the world is neither birthright nor immutable, and absent concrete policy reform, our economic dominance and global influence are in genuine peril.
  • Steff (MSL quote), USA   <2007-06-15 00:00>

    This book thoroughly details how the US is mortgaging its own future in exchange for high living standards, oil, and cheap imported goods without even realizing it. But what's more unsettling is that the US doesn't seem to be taking any steps to change this, even with the spread of outsourcing and our failing education system. Fortunately, the author spells out some suggestions to help the US maintain its presence in a changing world. This is a well-written wake-up call that everyone should read, especially students who are going to be the ones who feel the effects of globalization the most.
  • Thomas (MSL quote), USA   <2007-06-15 00:00>

    The author transmits a compelling wake-up call to all of us, especially our government and business leaders. As a military officer, I was trained by the US government that massing the effects of combat power at one single point is critical to the sucess of the mission. The book makes a compelling case that Asia (and Europe) seem to have realized what the US has forgotten, that effective, penetrating economic combat power necessarily includes synchronizing the efforts of industry and government policy to achieve dominance in high-tech industries. Considering that the US can't compete cost-wise in low skill labor markets, I hope our leadership invests the time to read this book. The author is a talented story-teller, and I particularly enjoyed the insights provided through his relationships with key players in the world economy.
  • Rolf (MSL quote), USA   <2007-06-15 00:00>

    If you don't have enough to keep you awake worrying at night, this is the book for you. In forceful, lucid and convincing fashion, author Clyde Prestowitz, a Commerce Department trade official in the Reagan administration, outlines a nightmare scenario. The era of U.S. economic supremacy is long past. The future belongs to the East, notably India and China. Americans have lost their global manufacturing leadership to Japan and China. Until recently, it seemed that America would shift to service industries - but, in fact, it now seems as if India will dominate global services. Because of shortsighted political and business leaders, America has failed to perceive the inevitable. Many Americans still cannot or will not face the truth. A global economic system established on the foundation of U.S. consumption may not survive the shift of wealth and power to the East. The consequences of U.S. economic collapse will be profound and painful for the whole world - but unless something drastic is done (and it's not clear what), this collapse is all but inevitable. The one ray of hope is that this author has been nightmarishly, terrifyingly wrong before. He used to think Japan was going to seize the U.S. mantle, and he published a book about that threat. Japan is no longer much of a threat. Yet, if you seek a very persuasive, very pessimistic global perspective to help you stay informed, we recommend this economic crystal ball. Just don't expect to get any sleep.
  • McEwan (MSL quote), USA   <2007-06-15 00:00>

    I found this book very helpful in understanding globalization in the broader sense. Prestsowitz gives the big picture, citing the probable causes for some of the effects, both intended and unintended, of American encouragement of a global economy that is based on the dollar as the main unit of international currency. While this may sound off-putting and give the impression that this book is dry and forbidding, that is far from the case.

    Prestowitz explains in straightforward language what has happened now that China, India and other Southeast Asian nations participate in capitalist markets, outlining the consequences for the US and, to some extent, Europe and the rest of the developed world. Reading this book, I came to understand that it's not simply about "greedy corporations" moving jobs offshore, but also involves the US government's failure to develop and promote a clear industrial policy. This book takes the intelligent reader beyond the standard story frames presented on the nightly news to a much deeper, more subtle understanding of why globalization is, in the long run, probably good for America, but is, in the short run, going to be painful for some of our citizens. That will be especially true if we continue to cling to our old notions that the federal government should keep its "hands off" the economy. Instead, Prestowitz argues, Americans should accept the idea that a sensible national industrial policy is not the same thing as a command and control, government-directed economy (aka socialism), the fear of which seems to be ingrained in our national consciousness.

    Initially, I was a bit skeptical about Prestowitz, since he was an official in the Reagan Administration and I thought he might have a political axe to grind in terms of his view of globalization. Happily, that is not the case, at least as far as I can determine from my solidly amateur status as an armchair economist. This is a thoughtful book that is loaded with little "aha" insights for the average citizen who wants to have a clearer understanding of what is happening economically in the world today. After reading this book I will never look at a newscast or a newspaper in quite the same way again, and that's a good thing.
  • A reader (MSL quote), USA   <2007-06-15 00:00>

    Many economists agree: the next great capitalist wealth trend is to the East - which makes international economist author Clyde Prestowitz's Three Billion New Capitalists: The Great Shift Of Wealth And Power To The East so important. American world domination can't last forever: new trends are rapidly shifting wealth and power to Asia, political strengths will follow, and America's trade deficit will provide some of the impetus for this change. An important key to understanding trends and indicators and Asia's rising importance in the world.
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