• book

From the Publisher

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.
Published: Basic Books on
ISBN: 9780465004768
List price: $16.00
Read on Scribd mobile: iPhone, iPad and Android.
Availability for Three Billion New Capitalists by Clyde V. Prestowitz
With a 30 day free trial you can read online for free
  1. This book can be read on up to 6 mobile devices.

Related Articles

Fortune
3 min read

The Hard Truths of Globalization

IT’S EASY TO FEEL that globalization—one of the most vital business trends of the past half-century—is in retreat. Millions of voters in the U.S. and Britain blame it for stealing their jobs, and it was a major reason for the international civic convulsion known as Brexit. Political candidates castigate it or abandon trade agreements they previously endorsed. Nobody, it seems, wants to defend globalization right now. Fortune’s Global 500 list, which spotlights the public companies with the most revenues on the planet, could be read as confirming an erosion in globalization’s success. The tota
TIME
4 min read

Has the World Reached Peak Trade?

GLOBALIZATION IS USUALLY DEFINED as the free movement of people, goods and capital. It’s been the most important economic force of modernity. Until the financial crisis of 2008, global trade grew twice as fast as the global economy itself. Yet, thanks to both economics and politics, globalization as we have known it is changing fast. Statistics tell the story: According to the World Trade Organization, average global trade flows grew around 10% a year from 1949 to 2008. But those numbers slumped to 1.3% from 2009 to 2015 and show no signs of picking up, even as the global economy has partiall
Bloomberg Businessweek
3 min read

An AIDS Charity Fights Builders in L.A.

Nicole Piper Los Angeles, long on sprawl but short on housing stock, is no stranger to development battles. But it’s never seen anything quite like the clash over a proposal on the March 7 municipal ballot, known as Measure S, which would put a two-year halt on most major real estate projects. Spearheading the initiative is the nonprofit AIDS Healthcare Foundation, which has supplied more than 98 percent of the more than $4.5 million spent as of Feb. 18 on pro-S efforts, according to disclosure forms filed with the city. Critics question the motivations of the group, which is in the midst of