LEADER 03562nam 2200685 a 450 001 9910779243503321 005 20230725060514.0 010 $a0-300-15433-X 024 7 $a10.12987/9780300154337 035 $a(CKB)2550000000105039 035 $a(StDuBDS)AH24393340 035 $a(SSID)ssj0000721143 035 $a(PQKBManifestationID)11406859 035 $a(PQKBTitleCode)TC0000721143 035 $a(PQKBWorkID)10687570 035 $a(PQKB)11078928 035 $a(MiAaPQ)EBC3420993 035 $a(DE-B1597)485359 035 $a(OCoLC)1024051553 035 $a(OCoLC)1029826102 035 $a(OCoLC)1032676223 035 $a(OCoLC)1037983146 035 $a(OCoLC)1041974075 035 $a(OCoLC)1046612739 035 $a(OCoLC)1046995930 035 $a(OCoLC)1049610994 035 $a(OCoLC)1054880760 035 $a(DE-B1597)9780300154337 035 $a(Au-PeEL)EBL3420993 035 $a(CaPaEBR)ebr10579392 035 $a(OCoLC)923599538 035 $a(EXLCZ)992550000000105039 100 $a20100105d2010 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aLosing control $ethe emerging threats to western prosperity /$fStephen D. King 210 $aNew Haven $cYale University Press$dc2010 215 $a1 online resource (304 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-300-15432-1 320 $aIncludes bibliographical references (p. 259-262) and index. 327 $apt. 1. Scarcity and history -- pt. 2. Broken economic barometers -- pt. 3. The return of political economy -- pt. 4. Great power games. 330 $aAs the economic giants of Asia and elsewhere have awakened, Western leaders have increasingly struggled to maintain economic stability. The international financial crisis that began in 2007 is but one result of the emerging nations' increased gravitational pull. In this vividly written and compellingly argued book, Stephen D. King, the global chief economist at HSBC, one of the largest banking groups in the world, suggests that the decades ahead will see a major redistribution of wealth and power across the globe that will force consumers in the United States and Europe to stop living beyond their means.The tide of money washing in from emerging nations has already fuelled the recent property bubble in the West, while new patterns of trade have left the West increasingly dependent on risky financial services. Unless things change drastically, King argues, the increasing power of emerging markets, when coupled with poor internal regulation and an increasingly anachronistic system of global governance, will result in greater instability and income inequality, accompanied by the risk of a major dollar decline. And as Western populations age and emerging economies develop further, the social and political consequences may be alarming to citizens who have grown accustomed to living in prosperity. 606 $aBUSINESS & ECONOMICS / Economics / Macroeconomics$2bisacsh 607 $aWestern countries$xEconomic conditions$y21st century 607 $aWestern countries$xEconomic policy 607 $aDeveloping countries$xEconomic policy 615 7$aBUSINESS & ECONOMICS / Economics / Macroeconomics. 676 $a330.9 700 $aKing$b Stephen D.$f1963-$01561443 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910779243503321 996 $aLosing control$93828163 997 $aUNINA