Three billion capitalist

Ashok Kumar Chaudhary INTRODUCTION: The book, Three billion new Capitalists talks wholly about the vagabonds that harbor driven the current scenario of the globularisation. It reveals the fact that how the sawbuck opera dominance of the wealth and power is moving to the easterly at a rapid pace, starting from the first quiver of globalization to the troika wave. The actor, Prestowitz analyzes the situation and seems c formerlyrned about the future day affect of the decreasing influence of the west; he thinks the contract that is withdraw wealth and power to the east will also bring crisis and painful adjustment to the west. He fears that the united States externalise of predominant power in the institution will be in earnest undermined; he thinks its relative economic transcendency and power be rapidly slipping away and United States could find itself severely pressed to maintain a liable standard of lively and defends its vital interests. (Prestowitz, 2 005) STRENGTHS: The book provides the necessary straight facts regarding the new forces in the third wave of globalization. mainland China, India and the former Soviet Union have driven their three billon citizens on to the once despised capitalistic road leaving behind their several(prenominal) socialist workers paradises.

The author has expressed his views with auxiliary mathematical data comparing different waves of global economy. The author provides enough supportive information that makes the third wave of globalization revolutionary and dynamic. Outsourcing and onward shoring argon no more strangers in the worlds market. cyberspace and the hi! gh technology advancement ar the major drivers of the economy. Manufacturing, interrogation and design, services, high technology developments and food furnish markets are on the whole being shifted from the US water parting and new major global player are transforming the geopolitical landscape. In this third wave of globalization, even though China and India might have left-hand(a) others far behind in the theater of manufacturing, software and services...If you essential to get a full essay, arrange it on our website: OrderCustomPaper.com

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