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Three Billion New Capitalists: The Great Shift of Wealth and Power to the East (Hardcover)
by Clyde Prestowitz
| Category:
Business in China |
| Market price: ¥ 278.00
MSL price:
¥ 258.00
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Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
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 Good for Gifts |
| 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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Author: Clyde Prestowitz
Publisher: Basic Books
Pub. in: May, 2005
ISBN: 0465062814
Pages: 321
Measurements: 9.3 x 6.3 x 1.3 inches
Origin of product: USA
Order code: BA00847
Other information: ISBN-13: 978-0465062812
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- MSL Picks -
Many books are getting published on the current era of globalization and reemergence of Asia as a major economic engine of the world. This book looks at this topic from an American perspective and what America needs to do to remain competitive globally as well as to recognize Asia as an opportunity for partnering for growth.
Firstly the book lists the historical outline of global economics in a very clear and crisp summary under each chapter. "Made in China" and "Serviced in India" are two chapters that one should not miss in this book.
Secondly the description of the economies on either sides of the Atlantic - America to spend and consume while Western Europe to save and produce - is amazing. The author claims that Europeans were taxed on their consumption while Americans were taxed on their income with incentives for consumption is what has caused the world's biggest economy to end up as the world's biggest debtor.
With Asia, China and India in particular emerging as global economies very fast, the EU, NAFTA and perhaps an Asian Union with an Asian currency appears to become a reality soon.
The book also focuses on the weakening dollar and the global impact of rising oil prices. America is advised to tighten its belt, reduce consumption and conserve energy while from a strategic level should quickly put in place a plan for global competitiveness. The author strongly defends manufacturing as a core economic activity and America's neglect of this sector is a main reason for losing its competitive edge in research and technical education.
In a word, three billion new capitalists from the east have begun their economic march. Do not ignore them or fight them, but join them to make this planet a better place for all mankind in the twenty-first century.
- From quoting B.Sudhakar Shenoy
Target readers:
Business people
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Clyde Prestowitz is President of the Economic Strategy Institute in Washington, D.C., and is the author of Trading Places and Rogue Nation. He lives in Potomac, Maryland.
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From the publisher
From one of our shrewdest economic trend-spotters, a wake-up call that prosperity is about to shift from the West to the East, and what we can do before it's too late.
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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| View all 8 comments |
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. |
View all 8 comments |
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