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The still chaotic states of the former Soviet Union, a growing China, and the divergent nations of Eastern Europe are striving to radically transform their economies.
The emergence of large trade imbalances among the industrial countries during the 1980s has led to growing disenchantment with the international economic system. In this provocative book by one of America's leading economists, Barry Bosworth argues that disparities are not the result of external infraction, but rather a reflection of domestic failures.
Features a longtime Brookings economist and former presidential adviser who examines why saving rates in the United States have fallen so precipitously over the past quarter century, why the initial consequences were surprisingly benign, and how reduced saving will affect the future well-being of Americans.
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