The Declining World Order
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Principles for Dealing with the Changing World Order
NEW YORK TIMES BESTSELLER * MORE THAN ONE MILLION COPIES SOLD “A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes—and to offer practical advice on how to navigate them well. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s 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 empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s 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 what’s ahead.
Declining Democracy in East-Central Europe
The dramatic decline of democracy in East-Central Europe has attracted great interest world-wide. Going beyond the narrow spectrum of the extensive literature on this topic, this book offers a comprehensive analysis of ECE region – Czech Republic, Hungary, Poland, Slovakia and Slovenia – from systemic change in 1989 to 2019 to explain the reasons of the collapse of ECE democratic systems in the 2010s.
States, Civilisations and the Reset of World Order
This book evaluates the current state of world (dis)order at a time of growing populism, nationalism and pandemic panic. It distils the implications of the ‘civilisational state’ for world order. The retreat of US leadership is mirrored by the decline of both the material and normative liberal multilateral infrastructure it supported. Meanwhile, the rise of China as a challenger is accompanied in political, economic and cultural terms by other emerging powers no longer bound to the norms of 20th century world affairs, notably Turkey, India, China and Russia. By emphasising a cultural lens of analysis alongside robust political and economic analysis, the author offers a prescriptive agenda for the coming post-pandemic age that recognises the changing powers of civilisational, state and hybrid non-state actors. Without overestimating their probabilities, he outlines prospects and preconditions for effective inter-civilisational dialogue and proposes a series of minimal conditions for a multilateral ‘reset’. This book will appeal to public and private decision-makers, the media, the educated lay public and civil society actors interested in the rise of civilisational politics and its possible consequences for world affairs. It will be of particular interest to students and researchers in the fields of politics, international relations, international political economy, geopolitics, strategic studies, foreign policy and social psychology.