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.
