Three billion new capitalists

Description:

"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."--Jacket.

subjects: United states, foreign relations, china,  United states, foreign relations, india,  China, foreign relations, united states,  India, foreign relations, united states,  Soviet union, foreign relations, united states,  United states, foreign relations, soviet union,  Developing countries, economic policy,  International Competition,  Economic forecasting,  Economic conditions,  Foreign economic relations,  Capitalism,  United states, economic policy,  United states, foreign economic relations, china,  China, foreign economic relations, united states