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Losing Control : the Emerging Threats to Western Prosperity by King, Stephen D., 1963- is a nonfiction available to read on EtoBox.

What is Losing Control : the Emerging Threats to Western Prosperity about?

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

Who reads Losing Control : the Emerging Threats to Western Prosperity?

Author

King, Stephen D., 1963-

Publisher

New Haven: Yale University Press

Published

2010

Language

EN

ISBN

9780300236941

Category

nonfiction

Subjects

Economics, Business