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Techno-nationalism holds that a nation's economic strength and its national security—even its social stability—are linked to the technological prowess of its institutions and enterprises. From artificial intelligence and biotechnology to semiconductors and quantum science, nations that fall behind in the technology race risk becoming permanent losers, with potentially catastrophic consequences. After decades of trade liberalization and free-flowing investment into China, a paradigm shift amongst a bloc of like-minded, mostly Western countries, has set in motion epic change. 

For the first time in history, we have up to five generations at work. In the context of a world in flux and polycrisis, our diversity is a powerful force multiplier for good, if we debunk the stereotypes and know how to unlock it.

An authoritative, insightful, and highly engaging history of the twentieth-century global economy, updated with a new chapter on the early decades of the new century. Global Capitalism guides the listener from the globalization of the early twentieth century and its swift collapse in the crises of 1914–45, to the return to global integration at the end of the century, and the subsequent retreat in the wake of the financial crisis of 2008.

This introduction to the economic history of the global economy and the process of globalization since 1850 tracks and explains changes in international trade, migration, and capital flows. All key indicators of globalization rose between 1850 and 1914 during the first wave of globalization. Between 1918 and 1939 the global economy stagnated, suffering a momentous collapse during the Great Depression. After World War II, the global economy re-emerged and integration deepened.

Prophecies that the dollar will lose its status as the world's dominant currency have echoed for decades—and are increasing in volume. Cryptocurrency enthusiasts claim that Bitcoin or other blockchain-based monetary units will replace the dollar. Foreign policy hawks warn that China's renminbi poses a lethal threat to the greenback. And sound money zealots predict that mounting US debt and inflation will surely erode the dollar's value to the point of irrelevancy.

Engrossing, enlightening, and entertaining, The China Business Conundrum is an essential cautionary tale and guidebook for all Western bankers, C-suite executives, consultants, and entrepreneurs seeking to do business within China.