Rise and Fall of an Economic Empire: With Lessons for Aspiring Economies

€ 47,49
Lieferbar innert 2 Wochen
September 2010



While many authors have documented empires maintained through military strength, power derived solely from economic might is a more modern phenomenon. These different sources of power share one important characteristic, though. There is an inevitability to the decline of empires that rest on either foundation. There are also lessons to learn from every empire. Just as earlier empires based on military or colonial power experienced spectacular ascendancies and subsequent declines, modern economic empires are no less fragile. The overextension, overconfidence, and underinvestment that lead to the demise of military or colonial empires have their analogies in economic empires. An economic superpower grows based on its strengths, is fueled by its successes, but declines as its values are transformed and economic arrogance dilutes its hegemonic powers. Colin Read describes the various factors that give rise to economic empires, and documents how these same forces eventually lead to their downfall. By analyzing the successes of each factor and the reasons why each falters, he offers insights into ways to sustain economic relevancy. He also offers lessons to aspiring economies so that they may best leverage and manage their growth and avoid the problems that beset less carefully designed economies. In doing so, Read gives us an interesting and provocative glimpse into the current global dynamic in which the United States, the world's first true economic empire, struggles to maintain its global economic supremacy in the face of a rapidly growing China that shall soon challenge it as the world's largest economy. Colin Read shows that the very strengths that allow new global superpowers to dominate through economic rather than military prowess eventually give way to forces that create their own economic demise


Introduction PART
I: FROM 10,000 B.C. TO 1776 - THE DISCOVERY OF ECONOMIES OF SCALE An Economic Prehistory to Economic Emperors Barter, Economic Emperors, and the Decentralized Marketplace Specialization and Surpluses The First Industrial Revolution Colonialism Puts Sugar in Our Tea PART
II: A SECOND INDUSTRIAL REVOLUTION A Declaration of Economic Independence An Economic Bill of Rights Dominance Through Economics Private Solutions to Public Problems PART
III: THE NEW MERCANTILISTS The Consumer as King A New Colonialism Dependency Economics PART
IV: ASPIRING NATIONS Transfer of Technology Economic Imitation is the Sincerest Form of Flattery Heckscher, Ohlin, and Two Billion Hungry and Willing to Work for Change PART
V: GROWING PAINS Complex Economic Systems Herding Cats and Chaos Theory Too Big to Fail Private Property Gives Way to the Public Good The Winner's Curse PART
VI: A NEW ECONOMIC ORDER The Politics of a Consumption Economy Gradual economic Marginalization A New Economic Order Convergence PART
VII: FROM WHERE HAVE WE COME, AND WHERE WILL WE GO? The Dance of Demographics Steady State and Sustainability Economic Darwinism and Dinosaurs Prescriptions for Relevance Conclusions


Colin Read
EAN: 9780230273702
ISBN: 023027370X
Untertitel: Sprache: Englisch.
Erscheinungsdatum: September 2010
Seitenanzahl: 294 Seiten
Format: gebunden
Es gibt zu diesem Artikel noch keine Bewertungen.Kundenbewertung schreiben