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The Changing World Order: Why Nations Succeed and Fail
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Author : Ray Dalio
Title : The Changing World Order: Why Nations Succeed and Fail
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From the #1 New York Times bestselling author of Principles and legendary investor Ray Dalio, who has spent half a century studying global markets, The Changing World Order examines history?s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we?ve experienced in our lifetimes. A few years ago, renowned investor Ray Dalio began noticing a confluence of political and economic conditions he hadn?t encountered before in his fifty-year career. They included large debts and zero or near-zero interest rates in the world?s three major reserve currencies; significant wealth, political, and values divisions within countries; and emerging conflict between a rising world power (China) and the existing one (US). Seeking to explain the cause-effect relationships behind these conditions, he began a study of analogous historical times and discovered that such combinations of conditions were characteristic of periods of
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