Evansville Vanderburgh Public Library

Principles for dealing with the changing world order, why nations succeed and fail, Ray Dalio

eng

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Principles for dealing with the changing world order

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1281722148

Ray Dalio

why nations succeed and fail

"A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadnt encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the worlds three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empiresincluding the Dutch, the British, and the Americanputting into perspective the 'Big Cycle' that has driven the successes and failures of all the worlds major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical principles for positioning oneself for whats ahead."

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