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In this vividly written and compellingly argued book, economist Stephen D. King 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.
“In this intellectually stimulating and excellently written book, Stephen King explores the implications of the end of western hegemony for the ability of the erstwhile rulers of the world to sustain their standards of living. The rising competition from new players and the growing scarcity of resources will, he argues, squeeze the west hard. It will have to adapt. It will not find it easy to do so.”—Martin Wolf, Chief Economics Commentator, Financial Times