TY - BOOK AU - Dalio,Ray TI - Principles for dealing with the changing world order SN - 9781982160272 U1 - 330.9 DAL 23 PY - 2021/// CY - New York PB - Avid Reader Press KW - Economic development KW - History KW - Economic policy KW - Balance of power KW - Economic history KW - BUSINESS & ECONOMICS KW - International KW - Economics & Trade KW - bisacsh KW - Economics KW - Macroeconomics KW - HISTORY KW - Modern KW - 21st century N1 - "Why nations succeed and fail"--Cover; Includes bibliographical references; Part I: How the world works. Introduction; The big cycle in a tiny nutshell; The determinants; Determinants addendum; The big cycle of money, credit, debt, and economic activity; The changing value of money; The big cycle of internal order and disorder; The big cycle of external order and disorder; Investing in light of the big cycle --; Part II: How the world has worked over the last 500 years. The last 500 years in a tiny nutshell; The big cycle rise and decline of the Dutch Empire and the guilder; The big cycle rise of the British Empire and the pound; The big cycle rise and decline of the United States and the dollar; The big cycle rise of China and the renminbi; US-China relations and wars --; Part III: The future. The future --; Appendix: Computer analysis of the conditions of, and prospects for, the world's leading countries N2 - Examines history's most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those in recent memory; A few years ago, Dalio noticed a confluence of political and economic conditions he hadn't encountered before: huge debts and zero or near-zero interest rates that led to massive printing of money in the world's three major reserve currencies. Here Dalio brings readers along for his study of the major empires-- the Dutch, the British, and the American-- and puts into perspective the "big cycle" that has drives the successes and failures of all the world's major countries through history. -- adapted from jacket ER -