The End of Influence

The End of Influence

What Happens When Other Countries Have the Money

Book - 2010
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Baker & Taylor
Citing America's cash-poor status following the economic crash of 2008, an analysis of the nation's prospects as a continuing super-power predicts how the United States will lose its ability to dictate foreign policy, influence soft culture and pursue worldwide entrepreneurial innovations.

Perseus Publishing
At the end of World War II, the United States had all the money—and all the power. Now, America finds itself cash poor, and to a great extent power follows money. In The End of Influence, renowned economic analysts Stephen S. Cohen and J. Bradford DeLong explore the grave consequences this loss will have for America’s place in the world.

America, Cohen and DeLong argue, will no longer be the world’s hyperpower. It will no longer wield soft cultural power or dictate a monolithic foreign policy. More damaging, though, is the blow to the world’s ability to innovate economically, financially, and politically. Cohen and DeLong also explore American’s complicated relationship with China, the misunderstood role of sovereign wealth funds, and the return of state-led capitalism.

An essential read for anyone interested in how global economics and finance interact with national policy, The End of Influence explains the far-reaching and potentially long-lasting but little-noted consequences of our great fiscal crisis.

Now that the US is not the world’s biggest banker, its future as a superpower is looking shaky.


Book News
Cohen and DeLong (regional planning and economics, U. of California, Berkeley) explore how America's international trade deficit might impact its power in the world. They illustrate the ways the US lost its money, how oil-producing and Asian manufacturing countries now hold the money, and America's relationship with China, which is the biggest holder of US debt. They discuss consequences regarding the loss of foreign policy, cultural, and industrial power. There is no bibliography. References are available online. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)

Publisher: New York : Basic Books, c2010
ISBN: 9780465018765
0465018769
Characteristics: ix, 165 p. ; 22 cm
Additional Contributors: De Long, J. Bradford

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