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The war for wealth: the true story of globalization or why by Gabor Steingart

By Gabor Steingart

A LIBRARY magazine 2008 most sensible company ebook OF THE YEAR!

Globalization. The Flat international. Outsourcing. loose exchange.

Each of those words is a flashpoint in a single of the main heated debates of our lifetime: Is globalization a strength for solid, or is it a coverage that's certain to damage the industrial origin of the us and Europe whereas exporting our wealth and prosperity overseas?

In The struggle for Wealth , prime highbrow and agenda-setting journalist Gabor Steingart examines how globalization has affected the country of the world's economic climate and returns with a bleak outlook for the West: our prosperity and wealth are disappearing swifter than ever, and with it our political energy and our long-held democratic beliefs. yet all isn't really misplaced; we will nonetheless stem the circulate of capital and jobs and once more repair the West to its revered place of worldwide chief in economics and politics.

In this eye-opening and dramatic account, Steingart lays out the 3 power eventualities the realm faces - a “shock situation” within which there's a international monetary crash, an “Asia-over-all situation” the place the emerging economies of Asia thoroughly overtake the West, or the “American renaissance situation” during which U.S. politicians unite with one another and with Europe, forming a realistic 3rd method to convey the West again from the edge of destruction.

Compelling, debatable, and thought-provoking, The battle for Wealth indicators readers to the the most important kingdom of the Western economy--and exhibits how leaders can go back the West to its place of energy within the international area.

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Ford transferred the idea to automobile production. He began with the chassis. The various technicians would then install the engine and the transmission before the cables were laid, the windows installed, and finally the doors mounted. Ford built a four-story production hall, in which the various parts passed from the top floor to the ground floor, finally leaving the building as a mass-produced automobile. Ford’s contemporaries were overwhelmed by what was happening before their eyes. ” The Factory Worker: Foot Soldier of the Industrial Age The presidents, emperors, ministers, and high-ranking officials of the Western world soon realized that the new technologies would T H E WA R F O R W E A LT H have a greater impact on the fortunes of their nations than any spoils of war.

What the British had in fact conquered, in many instances, were huge deserts, high mountain chains, impenetrable jungles, and, not to be forgotten, the millions of people across continents who could agree on one thing: that they would provide their foreign rulers with only the barest minimum of what they demanded. For many members of the British elite, there were good reasons to prolong the colonial system. The military class lived well. The colonial masters basked in their self-importance. The shipping companies were holding their own.

Humanity was divided into the technological have-nots and the owners of the new miracle machines. For the span of 100 years, it seemed that the two worlds had moved apart irreversibly, that is, until the have-nots began their own breathtaking race to catch up with the West. But why did the world economy’s big bang happen in the first place? Why did it happen when it did? And why only in the West? Based on everything historians have learned on these issues, by far the most important driving force behind the sudden development of the Western inventive spirit was chance.

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