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Losing Control: The Emerging Threats to Western Prosperity by Stephen D. King (Paperback, 2011)

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Product Information

A hard-hitting analysis of the future of the global economy and what it means for the Western way of life As the economic giants of Asia and elsewhere have awakened, Western leaders have increasingly struggled to maintain economic stability. The international financial crisis that began in 2007 is but one result of the emerging nations' increased gravitational pull. In this vividly written and compellingly argued book, Stephen D. King, the global chief economist at HSBC, one of the largest banking groups in the world, suggests that the decades ahead will see a major redistribution of wealth and power across the globe that will force consumers in the United States and Europe to stop living beyond their means. The tide of money washing in from emerging nations has already fuelled the recent property bubble in the West, while new patterns of trade have left the West increasingly dependent on risky financial services. Unless things change drastically, King argues, the increasing power of emerging markets, when coupled with poor internal regulation and an increasingly anachronistic system of global governance, will result in greater instability and income inequality, accompanied by the risk of a major dollar decline. And as Western populations age and emerging economies develop further, the social and political consequences may be alarming to citizens who have grown accustomed to living in prosperity.

Product Identifiers

PublisherYale University Press

ISBN-139780300170870

eBay Product ID (ePID)107732360

Product Key Features

Number of Pages304 Pages

LanguageEnglish

Publication NameLosing Control: the Emerging Threats to Western Prosperity

Publication Year2011

SubjectEconomics

TypeTextbook

AuthorStephen D. King

FormatPaperback

Dimensions

Item Height198 mm

Item Weight326 g

Item Width130 mm

Additional Product Features

Country/Region of ManufactureUnited States

Title_AuthorStephen D. King