Three Billion New Capitalists

Powerful trends are converging to rapidly shift wealth and power to Asia -- and geopolitical clout will follow economic strength. These trends include America¿s unsustainable trade deficits, the end of America¿s position as the world¿s premier place for invention and technological innovation, the role of the Internet in permitting many formerly localized jobs to be done anywhere in the world, and the enormous growth of the Chinese and Indian economies. How we will deal with a world in...
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Powerful trends are converging to rapidly shift wealth and power to Asia -- and geopolitical clout will follow economic strength. These trends include America¿s unsustainable trade deficits, the end of America¿s position as the world¿s premier place for invention and technological innovation, the role of the Internet in permitting many formerly localized jobs to be done anywhere in the world, and the enormous growth of the Chinese and Indian economies. How we will deal with a world in which the dollar is no longer the dominant currency, the U.S. is no longer the dominant power, and people in Slovenia, Singapore and Seattle are all competing for the same work on the same terms? ¿A clear-eyed and unsettling look at America¿s and the world¿s econ. future.¿