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Dangerous Business: The Risks of Globalization for America

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Dangerous Business: The Risks of Globalization for America Cover

 

Synopses & Reviews

Publisher Comments:

From one of the most respected and vigorous economic thinkers in Washington, a wake-up call about the perils of unfettered globalization. In this impassioned, prescient book, Pat Choate shows us that while increased worldwide economic integration has some benefits for our fiscal efficiency, it also creates dependencies, vulnerabilities, national security risks, and social costs that now outweigh its advantages. He takes the long view of developments such as technology-driven progress, the offshoring of jobs, and open trade, arguing that current U.S. policies are leading to worldwide economic and political instability, in much the same way as before the Great Depression. Choate writes convincingly about the Defense Department's growing dependence on foreign sources for its technologies, the leasing of parts of our interstate highway system to overseas investors, China's economic mercantilism, and international currency manipulation that damages the dollar. We have been borrowing heavily from foreign lenders, who by 2009 will own more than half of the Treasury debt, a third of U.S. corporate bonds, and a sixth of U.S. corporate assets--all of which, if handled improperly, could trigger a global economic collapse. But our economic forecast need not be dire. Choate sees a way out of these dilemmas and presents politically viable steps the United States can take to remain sovereign, prosperous, and secure. He presents bold new research that identifies the special interests and structural corruption that have overtaken our democracy--and shows how they can be corrected. He illustrates how our policy-making and legislative process, currently beholden to the highest bidder, can betransformed from one of corporatism and elitism into one of greater transparency. Clear-eyed and persuasive, this is sure to be one of the most widely discussed books of the year.

Synopsis:

The author of Hot Property sounds the alarm about the potential repercussions of unfettered globalization for America, detailing both the benefits and risks of worldwide economic integration, arguing that current U.S. policies are leading to global economic and political instability that could trigger a global depression, and examining steps to take to avoid disaster. 20,000 first printing.

About the Author

Pat Choate is the author of Hot Property, Agents of Influence, The High-Flex Society, America in Ruins, and coauthor with Ross Perot of Save Your Job, Save Our Country. In 1996, he was Ross Perot’s vice presidential running mate. He lives with his wife outside Washington, D.C.

Table of Contents

Introduction : and hold the melamine, please — Three megaforces. Modern mercantilism. Corporatism. Elitism — The path to globalism. Paradise. Friedman I (Milton). Friedman II (Thomas) — Looking forward. Sovereignty. Security. Prosperity — Epilogue.

Product Details

ISBN:
9780307269331
Subtitle:
The Risks of Globalization for America
Publisher:
Alfred A. Knopf
Author:
Choate, Pat
Author:
Pat Choate
Subject:
Business & Economics : International - Economics
Subject:
International - Economics
Subject:
Corporations
Subject:
Economic Policy
Subject:
Globalization
Subject:
United States Foreign economic relations.
Subject:
United States Economic policy.
Subject:
Economics - International
Subject:
Business-International
Subject:
Economics - General
Subject:
main_subject
Subject:
all_subjects
Publication Date:
20080812
Binding:
ELECTRONIC
Language:
English
Pages:
278

Related Subjects

Business » Accounting and Finance
History and Social Science » Economics » General
History and Social Science » Politics » General

Dangerous Business: The Risks of Globalization for America
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Product details 278 pages Knopf Doubleday Publishing Group - English 9780307269331 Reviews:
"Synopsis" by , The author of Hot Property sounds the alarm about the potential repercussions of unfettered globalization for America, detailing both the benefits and risks of worldwide economic integration, arguing that current U.S. policies are leading to global economic and political instability that could trigger a global depression, and examining steps to take to avoid disaster. 20,000 first printing.
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