Click Here to visit The Smart Globalist, our new online magazine covering the global economy, international affairs, and public policy.
The Economic Strategy Institute has launched The Smart Globalist
,
an online magazine which publishes a diverse array of contributors hailing from academia, print journalism, finance and the public policy community. The Smart Globalist's original editorial content includes both short, timely commentary on the latest news and current events, as well as longer analytic pieces exploring the complex issues surrounding international trade, investment and foreign policy. We hope that our coverage and analysis of these issues will eventually lead to practical, pragmatic solutions to the challenges and opportunities presented by globalization.
The Smart Globalist also aggregates content from some of the best blogs and media outlets on the internet. By syndicating content from established and emerging bloggers, The Smart Globalist hopes to draw attention to important perspectives often missing from the mainstream media, while taking advantage of the new ways of organizing and distributing information afforded by new technologies.
The Smart Globalist is run on a not-for-profit basis by the Economic Strategy Institute, a non partisan, non-profit public policy research organization based in Washington DC. The website is funded in part through a generous grant from the Alfred P. Sloan Foundation.
Click Here to visit The Smart Globalist, our new online magazine covering the global economy, international affairs, and public policy. |
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The Great Shift of Wealth and Power to the East
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.
New International Editions:
Click Here for the Chinese Translation
Click Here for the Italian Translation
Click Here for the Japanese Translation
Click Here for the Korean Translation
Now Available in Paperback:
Click Here for the Paperback Edition
A Washington Post Best Seller
One of Business Week's Top Picks
One of Foreign Affair's Top Ten Sellers of 2005
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