Dangerous business : the risks of globalization for America / Pat Choate.
Choate, Pat.
2008
HC103 .C49 2008 (Mapit)
Available at General Collection

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Title Dangerous business : the risks of globalization for America / Pat Choate.
Author Choate, Pat.
Edition 1st ed.
ISBN 9780307266842
0307266842
Publication Details New York, NY : Alfred A. Knopf, c2008.
Language English
Description 278 p. ; 25 cm.
Call Number HC103 .C49 2008
Dewey Decimal Classification 337.73
Summary From the Publisher: From one of the most respected and vigorous economic thinkers in Washington, a wake-up call about the perils of unfettered globalization. In this impassioned, prescient book, Pat Choate shows us that while increased worldwide economic integration has some benefits for our fiscal efficiency, it also creates dependencies, vulnerabilities, national security risks, and social costs that now outweigh its advantages. He takes the long view of developments such as technology-driven progress, the offshoring of jobs, and open trade, arguing that current U.S. policies are leading to worldwide economic and political instability, in much the same way as before the Great Depression. Choate writes convincingly about the Defense Department's growing dependence on foreign sources for its technologies, the leasing of parts of our interstate highway system to overseas investors, China's economic mercantilism, and international currency manipulation that damages the dollar. We have been borrowing heavily from foreign lenders, who by 2009 will own more than half of the Treasury debt, a third of U.S. corporate bonds, and a sixth of U.S. corporate assets-all of which, if handled improperly, could trigger a global economic collapse. But our economic forecast need not be dire. Choate sees a way out of these dilemmas and presents politically viable steps the United States can take to remain sovereign, prosperous, and secure. He presents bold new research that identifies the special interests and structural corruption that have overtaken our democracy-and shows how they can be corrected. He illustrates how our policy-making and legislative process, currently beholden to the highest bidder, can be transformed from one of corporatism and elitism into one of greater transparency. Clear-eyed and persuasive, this is sure to be one of the most widely discussed books of the year.
Bibliography, etc. Note Includes bibliographical references (p. [257]-268) and index.
Linked Resources Contributor biographical information
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Prologue
Introduction: Hold the melamine, please
Part 1: Three Megaforces
1: Modern mercantilism
2: Corporatism
3: Elitism
Part 2: Path to globalism
4: Paradise: created and lost
5: Friedman I (Milton)
6: Friedman II (Thomas)
Part 3: Looking forward
7: Sovereignty
8: Security
9: Prosperity
Epilogue
Acknowledgments
Appendix
Notes
Index.

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