Changing World Order

<b>From legendary investor Ray Dalio, author of the international bestseller <i>Principles</i>, who has spent half a century studying global economies and markets, <i>Principles for Dealing with the Changing World Order</i> 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 - but similar to those that have happened many times before.</b><br> <br> A few years ago, Ray Dalio noticed a <b>confluence of political and economic conditions he hadn't encountered before</b>. 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. <b>The last time that this confluence occurred was between 1930 and 1945</b>. This realisation 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.<br> <br> In this remarkable and timely addition to his Principles series, <b>Dalio brings readers along for his study of the major empires - including the Dutch, the British and the American</b> - putting into perspective the 'Big Cycle' that has driven the successes and failures of all the world's major countries throughout history.<br> <br> <b>Dalio 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.</b>