The Last Economic Superpower: The Retreat of Globalization, the End of American Dominance, and What We Can Do About It

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Date

November 19, 2010

Format

Mixed media product, 304 pages

ISBN

0071753532 / 9780071753531

$

Your Price

36.00



Overview


Main description

The Risks and Rewards for the West in the Coming Multipolar World

"A marked shift has occurred in the tone and assumptions surrounding our national fortune. Nowhere is this better seen than in the second generation of books dealing with America's financial crisis, particularly Joseph P. Quinlan's The Last Economic Superpower." New York Journal of Books

The global economy, designed by Western powers with the United States as lead architect, is in the process of reconfiguration. The 2008 global financial crisis has terminated America's reign as sole economic superpower and opened up important new spheres of influence to developing nations.

Does this signal the retreat of globalization as we know it? Has an economic "cold war" already begun? Will the West ever exert the kind of control and influence it enjoyed just a few short years ago?

In The Last Economic Superpower, Joseph P. Quinlan, a Wall Street veteran and expert on global economic affairs, addresses these questions and many others. Presenting his vision with refreshing clarity and objectivity, Quinlan examines:

  • How America went from being a major creditor to the world's largest debtor nation in only two decades
  • Five critical issues America must face in order to prevent permanent fragmentation of the global economy
  • What the fading appeal of Europe and Japan means for the future of globalization
  • What China, India, and others have that the West doesn't--and why this gives them unprecedented leverage

Decisions made now will shape the course of history. The Last Economic Superpower outlines critical choices that must be made in order to recast, reinvent, and reenergize a new style of globalization.

The Last Economic Superpower lays bare the issues and challenges that will decide whether the world builds a new, functional system that serves all or fragments into separate spheres of influence, which benefits no one.


Table of contents

Introduction; Chapter 1. Twenty-five Glorious Years; Chapter 2. The Gathering Storm; Chapter 3. Meltdown and Financial Armageddon; Chapter 4. Speeding Toward a Multi-Polar World; Chapter 5. The "Lost Decade" Leaves a Crippled Giant; Chapter 6. The Twilight in Japan and Europe; Chapter 7. Flexing New Muscles; Chapter 8. The Coming Economic Cold War; Chapter 9. Globalization Reincarnated


Author comments

Joseph P. Quinlan is Managing Director and the Chief Market Strategist of Bank of America, Global Wealth and Investment Management, in New York. He also serves as Senior Fellow at the Center for Transatlantic Relations, the Paul H. Nitze School of Advanced International Studies (SAIS) of Johns Hopkins University. Quinlan lectures on global finance at New York University, where he has been on the faculty since 1992; he also teaches at Fordham University.





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