Lester C. Thurow explains the dramatically changed economic world we live in today — the demise of communism has left capitalism with the tremendous job of reconstructing the former socialist bloc; the advent of technologically driven businesses has changed the formula from labor to brain power; shifting rivers of demographic change have created conflicts between young and old, native and immigrant; for the first time a global economy means that products can be made virtually anywhere and sold everywhere; and, perhaps most importantly, no single nation has emerged as the preeminent political and military leader to establish a framework for economic peace and equity.
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