The End of Influence
What Happens When Other Countries Have the Money
Contributors
By Stephen S Cohen
Formats and Prices
- On Sale
- Sep 6, 2011
- Page Count
- 176 pages
- Publisher
- Basic Books
- ISBN-13
- 9780465024544
Price
$19.99Price
$25.99 CADFormat
Format:
- Trade Paperback $19.99 $25.99 CAD
- ebook $11.99 $15.99 CAD
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“A brilliant short tour of the rise and fall of the neoliberal project on an international basis.” —Matthew Yglesias
At the end of World War II, the United States had all the money and all the power. Now, America finds itself cash poor—and power follows money. In The End of Influence, renowned economic analysts Stephen S. Cohen and J. Bradford DeLong explore the grave consequences of America’s massive national debt for its place in the world.
America, Cohen and DeLong argue, will no longer be the world’s hyperpower. It will no longer wield soft cultural power or dictate a monolithic foreign policy. More damaging, though, is the blow to the world’s ability to innovate economically, financially, and politically. Cohen and DeLong also explore American’s complicated relationship with China, the misunderstood role of sovereign wealth funds, and the return of state-led capitalism.
An essential read for anyone interested in how global economics and finance interact with national policy, The End of Influence explains the far-reaching consequences of our great fiscal crisis.
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“Stephen S. Cohen and J. Bradford DeLong vividly describe the evaporation of American economic power and what it is likely to mean for the United States and the world.”Forbes.com
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“In this reasoned chronicle of worldwide fiscal and cultural influence from pre–WWI to the present, Berkeley academics Cohen and DeLong measure the rise and decline of US prestige, concluding that the era of US dominance is over.... Cohen and DeLong craft a chilling portrait of the country’s accelerating fiscal woes.”Publishers Weekly
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“Stephen S. Cohen and J. Bradford DeLong find a worldwide reaction against what are perceived to be the excesses and defects of neo-liberalism. ... Suggested study.”Business Line
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“Lucid explanations are offered of trade deficits, currency fluctuations, and the like, and the cause of the current crisis located in the ballooning of finance as a proportion of the US economy.”The Guardian
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“Cohen and DeLong’s interesting look at the real New World Order is worthy of consideration as it describes a reality that’s fast approaching.”Miami Herald
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“DeLong and Cohen . . . contribute to our knowledge of how the world actually works.”The National Interest
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“The implications of the current financial crisis go beyond its multiplier effect of impoverishing the global economy. Many experts and economists have been predicting the end of America’s economic hegemony and Stephen Cohen and Bradford DeLong illustrate this imminent scenario.”Business World
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“One of the central virtues of the book is the sustained attention Cohen and DeLong give to some of the lazy assumptions we make about the American economy.”National Review Online
