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

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Basic Books, Mar 22, 2007 - Political Science - 336 pages
American superiority is deteriorating faster than you think. Powerful trends are converging to rapidly shift wealth and power to Asia-and, as acclaimed international trade expert Clyde Prestowitz shows, geopolitical clout will follow economic strength. Now we have to cope with the fallout. How will we deal with a world in which the dollar is no longer the dominant currency, the United States is no longer the dominant power, and people in Slovenia, Singapore, and Seattle are all competing for the same work on the same terms? Three Billion New Capitalists is a clear-eyed and profoundly unsettling look at America's and the world's economic future.

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User Review  - chyde - LibraryThing

slightly alarmist, but a good overview. some hilarious policy hopes though--I'm sure any day now the Japanese will give up the yen and join the dollar bloc. Yeah, right. Read full review


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Page 297 - Japan, 2001-2050, e/ ppfj02/ppfj02.pdf. 24. Irene Kunii, "Why Japan Just Might Build Nukes," Business Week, January 20, 2003. 25. Department of State, Washington File, "Bush, Koizumi Discuss Strong Dollar," transcript, 2004/nov/22/epf 1 12.htm. 26. Richard Hanson, "Japan, Iran Sign Major Oil Deal, US Dismayed, "Asia Times Online, February 20, 2004. 27. Walter Norbert, "Create a Common Asian Currency by 2025," Asahi...
Page 4 - There are good reasons for Powell's confidence. With just 5 percent of the world's population, the United States accounts for over 30 percent of its production and almost 40 percent of its consumption.
Page v - Bush administration foreign policy, see Clyde Prestowitz, Rogue Nation: American Unilateralism and the Failure of Good Intentions (New York: Basic Books, 2003). 12 James J. Wirtz and James A. Russell, "US Policy on Preventive War and Preemption," The Nonproliferation Review, Vol. 1 0, No. 1 (Spring, 2003), p. 1 1 3. See also Walter Slocomb, "Force, Preemption and legitimacy,
Page 297 - For New Delhi." 20. Venu Rajamony, "India-China-US Triangle," CSIS, March 15, 2002. 21. Rebecca Buckman, "India Finds Able Ally," Wall Street Journal, p. A8. 22. Gurmeet Kanwal, "Power Politics: India's Quest for Great Power Status," The Statesman, India, February 4, 2003.
Page 297 - An Aging Europe May Find Itself on the Sidelines," New York Times, June 29, 2003.

About the author (2007)

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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