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

3.64  ·  Rating Details ·  97 Ratings  ·  8 Reviews
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 ...more
ebook, 336 pages
Published March 22nd 2007 by Basic Books (first published 2005)
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Charles Blumberg
Sep 26, 2011 Charles Blumberg rated it it was amazing
Author questions how long America will continue to dominate the world. Space and time has been eliminated with the age of the internet and your neighbor being half a world away.

Threats to US domination:
(1) China became a manufacturing power after opening up to capitalism with foreign investment and the endless supply of cheap, non-unionized labor.

(2) India became technology self sufficient after US cut off aid to India as part of Cold War and opening up to capitalism after the end of the Cold Wa
...more
Jill
Oct 22, 2008 Jill rated it liked it  ·  review of another edition
This book was written in 2004 and still has a lot of relevant information portaining to the current economic situation. He used a lot of interesting real life examples, but they were somewhat repetitive. Basically, China and India are going to take over the world for different reasons.
Hubert
Oct 03, 2008 Hubert rated it really liked it  ·  review of another edition
Recommends it for: those wanting to learn about basic international trade and economics.
Written by a clear Reaganite neoliberal free trade wonkie, but definitely well-written; also explains the backdrop for the current credit crisis. The author uses specific cases to elucidate grander points concerning globalization.
Dana
Oct 02, 2007 Dana rated it really liked it  ·  review of another edition
Great read! The recommendations fall short but the issues raised are important to consider. It is written from a US policy perspective, which I appreciated while others may not.
Susan
Apr 08, 2007 Susan rated it really liked it  ·  review of another edition
Recommends it for: if you're interested in globalization
Great book about the shifting trends of economies, but goes into a little too much detail about economic theories
Lily
Jul 07, 2009 Lily rated it did not like it  ·  review of another edition
*YAWN*
Tammyra
Mar 28, 2007 Tammyra added it  ·  review of another edition
Recommends it for: All business types and non-fiction types like myself
Very interesting view on the economic and inevitable power shift to China. I thought it was a good read because it's one of those books that really make you think! Check it out!
Shelby Sanford
This book was very general...not a great read for those who are already familiar with the topic. It would probably make a great first read however...
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