9780465018765

At the end of World War II, the United States had all the money-and all the power. Now, America finds itself cash poor, and to a great extent power follows money. InThe End of Influence, renowned economic analysts Stephen S. Cohen and J. Bradford DeLong explore the grave consequences this loss will have for Americars"s place in the world. America, Cohen and DeLong argue, will no longer be the worldrs"s hyperpower. It will no longer wield soft cultural power or dictate a monolithic foreign policy. More damaging, though, is the blow to the worldrs"s ability to innovate economically, financially, and politically. Cohen and DeLong also explore Americanrs"s complicated relationship with China, the misunderstood role of sovereign wealth funds, and the return of state-led capitalism. An essential read for anyone interested in how global economics and finance interact with national policy,The End of Influenceexplains the far-reaching and potentially long-lasting but little-noted consequences of our great fiscal crisis.

Stephen Cohen is a professor of regional planning at the University of California, Berkeley, and co-director of the Berkeley Roundtable on the International Economy (BRIE). He is an economic consultant for the US federal government and writes widely for the print media. He lives in the Bay Area.

Brad Delong is a noted economist at the University of California, Berkeley. He is coeditor of The Economists’ Voice, and author of the bestselling textbook, Macroeconomics. He also writes the widely read economics blog Brad DeLong’s Semi-Daily Journal. He lives in the Bay Area.

Acknowledgments	p. ix
Introduction: When Other Countries Have the Money	p. 1
The Neoliberal Dream Ends	p. 15
What the Dream Had Been	p. 35
Sovereign Wealth and Other Government Funds	p. 65
Where Did All Their Money Come From?	p. 91
State-Led Development	p. 117
Conclusion: Other Countries' Money	p. 143
Index	p. 149
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The End of Influence: What Happens When Other Countries Have the Money

The End of Influence: What Happens When Other Countries Have the Money

0465018769

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Author Biography

Table of Contents

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