The End of Influence: What Happens When Other Countries Have the Money - Softcover

DeLong, J. Bradford; Cohen, Stephen S

Softcover

ISBN 10: 0465024548 ISBN 13: 9780465024544

Publisher: Basic Books, 2011

Synopsis

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 to a great extent power follows money. In The End of Influence, renowned economic analysts Stephen S. Cohen and J. Bradford DeLong explore the grave consequences this loss will have for America's 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 and potentially long-lasting but little-noted consequences of our great fiscal crisis.

About this title

About the Author

Stephen S. Cohen is a Professor of Regional Planning at the University of California, Berkeley, and Codirector of the Berkeley Roundtable on the International Economy. He lives in San Francisco, California.

J. Bradford De Long is an economist at the University of California, Berkeley. He is the author of the bestselling textbook Macroeconomics. He also writes a widely read economics blog. He lives in Lafayette, California.

Edition details

• Publisher: Basic Books
• Publication date: 2011
• Language: English
• ISBN 10: 0465024548
• ISBN 13: 9780465024544
• Binding: Paperback
• Number of pages: 176