The War for Wealth: The True Story of Globalization, or Why the Flat World Is Broken

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Library Journal (05/15/2008)
Thomas Friedman's "The World Is Flat" synthesized academic work on globalization into a book for everyone. Now Steingart (Washington, DC, correspondent, "Der Spiegel") examines the dark side of globalization for a similarly broad audience. Forcefully, he hammers home his thesis that globalization comes with many negatives and dangers. He warns that nations like India and China are aggressively setting the stage for a redistribution of wealth from the West to Asia. He explains that they and other Asian nations have gradually come to dominate first manufacturing and then services and will soon dominate research and development. He says that U.S. and European jobs lost to Asia are not being replaced with comparable ones: workers in general are losing their economic power as Asian businesses exploit their own glut of low-cost, easily controlled labor. Steingart cautions that in addition to economic strength, these Asian nations are building up their military might not unlike the European powers did before World War I. Ultimately, he provides a glimmer of hope with suggestions for how the West can regain its economic vitality. His cautionary work is deeply thoughtful, accessible to all, and highly recommended for all libraries. [This edition has additional material not in the original German one.Ed.]Lawrence R. Maxted, Gannon Univ., Erie, PA Copyright 2008 Reed Business Information.

ISBN: 0071545964 | EAN: 9780071545969
Publisher: McGraw-Hill  | Publication Date: March, 2008

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