BUST—GREECE, THE EURO, AND THE SOVEREIGN DEBT CRISIS
In his new book, Bust: Greece, the Euro, and the Sovereign Debt Crisis, Matthew Lynn provides a thorough and fast-paced account of Greece’s role in the decline of the euro and the impact felt by the rest of Europe. Lynn, a financial commentator and writer for Bloomberg Television, Bloomberg News, MoneyWeek, and Spectator, is well equipped for the task.
BRAZIL ON THE RISE
Brazil is a country that has become an industrial and agricultural superpower in the world market. However, it is a country still not well known to many and “hardly on the radar screen" to most Americans. Larry Rohter’s new book, Brazil on the Rise: The Story of a Country Transformed, is an excellent introduction to Brazil. He was in Rio de Janeiro for 14 years as a correspondent for Newsweek and the New York Times.
THE CHINA STRATEGY
Edward Tse, the author of The China Strategy: Harnessing the Power of the World's Fastest-Growing Economy, is Booz & Company’s senior partner and chairman for greater China. He has been involved in China as a management consultant since the early 1990s. While his book is primarily for business executives, it contains much that is essential reading for investors and analysts. China is a unique country in intense and constant change; what you see today may not be what you see in a few years. However, some aspects of China will be familiar to Wall Steeters.
POORLY MADE IN CHINA
There’s trouble in wonderland. China is increasingly the go-to spot for world global production, promising cheap fabrication, short lead times, large profit potential, and an enormous domestic target market. It’s virtually impossible not to make use of a product manufactured in China in the course of any given day. But major quality problems, such as the 2007 recall of toys containing lead paint, occur with alarming frequency. Poorly Made in China not only lifts the curtain to reveal the games behind Chinese production, it provides an acute analysis of the factors behind China’s manufacturing woes—cultural, ethical, political.
As the U.S. economy attempts to recover, leaders in government, business, and academia search for ways to modernize the economy and reduce unemployment by creating high-tech jobs. In Start-Up Nation: The Story of Israel’s Economic Miracle, authors Dan Senor and Saul Singer analyze a question that might help American policymakers: How does a small country that is only 60 years old, with only 7.1 million people, surrounded by hostile neighbors, radically restructure its economy to become one of the world’s most technologically oriented and entrepreneurial nations?
Currently money is flowing to the emerging markets. Many see China and India as the future, America and Europe as the past. A thoughtful and sophisticated look at these popular conclusions is presented by George Magnus in his new book, Uprising: Will Emerging Markets Shape or Shake the World Economy. He is well positioned for this analysis as a senior economic adviser at UBS Investment Bank London, having previously served as chief economist at UBS.