Principles for dealing with the changing world order : why nations succeed and fail / Ray Dalio.
- ISBN: 9781982160272
- ISBN: 1982160276
- Physical Description: 557 pages : illustrations (chiefly color), maps ; 24 cm
- Edition: First Avid Reader Press hardcover edition.
- Publisher: New York, NY : Avid Reader Press, 2021.
- Copyright: ©2021
|Formatted Contents Note:||
How the world works. Introduction ; The big cycle in a tiny nutshell ; The determinants ; Determinants addendum ; The big cycle of money, credit, debt, and economic activity ; The changing value of money ; The big cycle of internal order and disorder ; The big cycle of external order and disorder ; Investing in light of the big cycle -- How the world has worked over the last 500 years. The last 500 years in a tiny nutshell ; The big cycle rise and decline of the Dutch Empire and the guilder ; The big cycle rise of the British Empire and the pound ; The big cycle rise and decline of the United States and the dollar ; The big cycle rise of China and the renminbi ; US-China relations and wars -- The future. The future -- Appendix: Computer analysis of the conditions of, and prospects for, the world's leading countries.
A few years ago, Dalio noticed a confluence of political and economic conditions he hadn't encountered before: huge debts and zero or near-zero interest rates that led to massive printing of money in the world's three major reserve currencies. Here Dalio brings readers along for his study of the major empires-- the Dutch, the British, and the American-- and puts into perspective the "big cycle" that has drives the successes and failures of all the world's major countries through history. -- adapted from jacket
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|Subject:||Economic development > History.
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