3 results for "Economics"

Three Days at Camp David How a Secret Meeting in 1971 Transformed the Global Economy

Jeffrey E. Garten
The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system. Over the course of three days--from August 13 to 15, 1971--at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class prosperity the world has ever seen. In making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America's dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress. Based on extensive historical research and interviews with several participants at Camp David, and informed by Garten's own insights from positions in four presidential administrations and on Wall Street, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.
Harper 2022 464 pages

Revolt The Worldwide Uprising Against Globalization

Nadav Eyal
A well-written and thought-provoking account of the current crisis of globalization. Not everyone will agree with Eyal's interpretation, but few will remain indifferent.' --Yuval Noah Harari, author of SapiensRevolt is an eloquent and provocative challenge to the prevailing wisdom about the rise of nationalism and populism. With a vibrant and informed voice, Nadav Eyal illustrates how modern globalization is not sustainable. He contends that the collapse of the current world order is not so much about the imbalance between technological achievement and social progress or the breakdown of liberal democracy as it is about a passion to upend and destroy power structures that have become hollow, corrupt, or simply unresponsive to urgent needs. Eyal illuminates the benign and malignant forces that have so rapidly transformed our economic, political and cultural realities, shedding light not only on the economic and cultural revolution that has come to define our time but also on the counterrevolution waged by those it has marginalized and exploited.With a mixture of journalistic narrative, penetrating vignettes and original analysis, Revolt shows that the left and right have much in common. Eyal tells stories of distressed Pennsylvania coal miners, anarchist communes on the outskirts of Athens, a Japanese town with collapsing fertility rates, neo-Nazis in Germany and Syrian refugee families whom he accompanied from the shores of Greece to their destination in Germany. Into these reports from the present Eyal weaves lessons from the past, from the opium wars in China to colonialist Haiti to the Marshall Plan. With these historical ties, he shows that the revolts' roots have always been deep and strong, and that rather than seeing current uprisings as part of a passing phenomenon, we should recognize that revolt is the new status quo.
Pan Macmillan 2021 512 pages

Friendly Fire How Israel Became Its Own Worst Enemy

Ami Ayalon,Anthony David
A highly decorated Israeli military officer, leader, and former director of the internal security service, Shin Bet, sees the light on what his country must do to achieve a lasting peace between Israel and the Palestinians. In this deeply personal journey of discovery, Ami Ayalon seeks input and perspective from Palestinians and Israelis whose experiences differ from his own. As head of the Shin Bet security agency, he gained empathy for 'the enemy' and learned that when Israel carries out anti-terrorist operations in a political context of hopelessness, the Palestinian public will support violence, because they have nothing to lose. Researching and writing Friendly Fire , he came to understand that his patriotic life had blinded him to the self-defeating nature of policies that have undermined Israel's civil society while heaping humiliation upon its Palestinian neighbours. 'If Israel becomes an Orwellian dystopia,' Ayalon writes, 'it won't be thanks to a handful of theologians dragging us into the dark past. The secular majority will lead us there motivated by fear and propelled by silence.' Ayalon is a realist, not an idealist, and many who consider themselves Zionists will regard as radical his conclusions about what Israel must do to achieve relative peace and security and to sustain itself as a Jewish homeland and a liberal democracy. 'How can a staunch Zionist who was raised on one of Israel's earliest settlements and trained as a kill-or-be-killed elite commando spearhead a campaign for peace with his enemies? The answer, in Ami Ayalon's captivating narrative, is an eye-opener for Palestinians and Israelis alike.' -Sari Nusseibeh, author of Once Upon a Country- a Palestinian life , former president of the Al-Quds University, and former Palestinian National Authority representative in Jerusalem ' Ayalon's aims and accomplishments are ... undeniably impressive ... Hope finds a prominent presence in what so many think is a hopeless, endless conflict.' - Kirkus Reviews 'Ami Ayalon discusses how he came to see a two-state solution with the Palestinians as the best way to ensure Israel's security, not just through analysing numbers and statistics, but through a humanistic approach. He discusses ... how his humanist paradigm not only allowed him to see how the Palestinians' grievances and aspirations are intertwined with Israel's security, but also how he still acknowledges and sympathises with the narratives of those in Israel whom he may disagree with.' -Jonah Naghi, The Times of Israel
Scribe Publications 2020-12 320 pages