Synopses & Reviews
The Risks and Rewards for the West in the Coming Multipolar World
A marked shift has occurred in the tone and assumptions surrounding our national fortune. Nowhere is this better seen than in the second generation of books dealing with America's financial crisis, particularly Joseph P. Quinlan's The Last Economic Superpower.
New York Journal of Books
The global economy, designed by Western powers with the United States as lead architect, is in the process of reconfiguration. The 2008 global financial crisis has terminated America's reign as sole economic superpower and opened up important new spheres of influence to developing nations.
Does this signal the retreat of globalization as we know it? Has an economic cold war already begun? Will the West ever exert the kind of control and influence it enjoyed just a few short years ago?
In The Last Economic Superpower, Joseph P. Quinlan, a Wall Street veteran and expert on global economic affairs, addresses these questions and many others. Presenting his vision with refreshing clarity and objectivity, Quinlan examines: How America went from being a major creditor to the world's largest debtor nation in only two decades Five critical issues America must face in order to prevent permanent fragmentation of the global economy What the fading appeal of Europe and Japan means for the future of globalization What China, India, and others have that the West doesn't--and why this gives them unprecedented leverage
Decisions made now will shape the course of history. The Last Economic Superpower outlines critical choices that must be made in order to recast, reinvent, and reenergize a new style of globalization.
The Last Economic Superpower lays bare the issues and challenges that will decide whether the world builds a new, functional system that serves all or fragments into separate spheres of influence, which benefits no one.
Synopsis
Who owns our economic future? No one knows the answer for sure, but Joseph Quinlan provides some very compelling ideas.
In The Last Economic Superpower, the chief market strategist for Bank of America's Global Wealth and Investment Management unit meticulously examines governmental and business reactions to the recent recession. He argues compellingly that globalization and free-market capitalism are in retreatand that major alterations to present strategies are necessary to avoid an economic “cold war.” The solution, Quinlan asserts, is a cooperative effort on the part of the United States with emerging countries, such as China, to shape a new economy that promotes world-wide economic growth and reduces the risks of wars and cross-border conflicts.
Sure to stand among the most important and influential books about the global economy in recent years, The Last Economic Superpower offers key insight into the subject from one of the few authors qualified to provide it.
Table of Contents
- Twenty-five Glorious Years
- The Gathering Storm
- Meltdown and Financial Armageddon
- Speeding Toward a Multi-Polar World
- The "Lost Decade" Leaves a Crippled Giant
- The Twilight in Japan and Europe
- Flexing New Muscles
- The Coming Economic Cold War
- Globalization Reincarnated
About the Author
Author Profile Joseph P. Quinlan is Managing Director and the Chief Market Strategist of Bank of America, Global Wealth and Investment Management, in New York. In addition to his duties at Bank of America, Quinlan is a Senior Fellow at the Center for Transatlantic Relations, the Paul H. Nitze School of Advanced International Studies (SAIS) of Johns Hopkins University. He is also a Senior Transatlantic Fellow (non-resident) at the German Marshall Fund in Brussels, where his research centers on regional and global trade and investment flows. Quinlan lectures on global finance at New York University, where he has been on the faculty since 1992. He is also an adjunct professor at Fordham University.
Table of Contents
Introduction;
Chapter 1. Twenty-five Glorious Years;
Chapter 2. The Gathering Storm;
Chapter 3. Meltdown and Financial Armageddon;
Chapter 4. Speeding Toward a Multi-Polar World;
Chapter 5. The "Lost Decade" Leaves a Crippled Giant;
Chapter 6. The Twilight in Japan and Europe;
Chapter 7. Flexing New Muscles;
Chapter 8. The Coming Economic Cold War;
Chapter 9. Globalization Reincarnated