Record Display for the EPA National Library Catalog


Main Title Three billion new capitalists : the great shift of wealth and power to the East /
Author Prestowitz, Clyde V.,
Publisher Basic Books,
Year Published 2005
OCLC Number 60353809
ISBN 0465062814; 9780465062812
Subjects Competition, International ; Economic forecasting ; United States--Economic conditions--2001-2009 ; United States--Foreign economic relations
Internet Access
Description Access URL
Contributor biographical information
Publisher description
Library Call Number Additional Info Location Last
ELBM  HF1414.P737 2005 AWBERC Library/Cincinnati,OH 12/26/2012
Collation xiv, 321 p. ; 25 cm.
Includes bibliographical references and index.
Contents Notes
Icebergs ahead -- How the capitalist road turned East -- The global ballet -- Made in China -- Serviced in India -- High tech I. : America's baby -- High tech II. : The world's baby -- Cheap no more -- The end of the dollar -- The comfortable road to ruin -- The great shift -- To ride the third wave. "In Three Billion New Capitalists, the acclaimed international trade expert Clyde Prestowitz explains why this belief is a mirage. He describes the powerful trends whose convergence is rapidly shifting wealth and power to Asia - and why geopolitical clout will follow economic strength. These trends include America's increasingly unsustainable trade deficits and the equally unsustainable buildup of massive dollar reserves in places like Japan and China; the end of America's position as the world's premier place for invention and technological innovation; the role of the Internet 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. All these trends are given enormous weight by the consequences of the West's great victory in the Cold War, which brought three billion people into the capitalist system for the first time."--BOOK JACKET.