The Pulitzer Prize-winning author of The Prize joins a leading expert on the global economy to present an incisive narrative of the risks and opportunities that are emerging as the balance of power shifts around the world between governments and markets -- and the battle over globalization comes front and center.
A brilliant narrative history, The Commanding Heights is about the most powerful economic forces at work in the world today, and about the people and the ideas that are shaping the future. Across the globe, it has become increasingly accepted dogma that economic activities should be dominated by market forces, not political concerns. With chapters on Europe, the US, Britain, the Third World, the Arab States, Asia, China, India, Latin America, and the former communist countries, Yergin and Stanislaw provide an incisive overview of the state of the economy, and of the battles between governments and markets in each region. Now updated throughout and with two new chapters, The Commanding Heights explains a revolution which is unfolding before our very eyes.
Industry Reviews
Adam Smith Author of "Paper Money" With great clarity and intelligence, the authors have written one of the central stories of our time. We have a torrent of information -- discordant, cacophonous, dissonant -- from TV, PCs, and print. The great accomplishment of "The Commanding Heights" is to make sense of this confusing scene.
Gary Becker Winner of the Nobel Prize for Economics, 1992 An absorbing, well-written narrative of the victory of market forces over communism and socialism. The authors effectively and dramatically show how ideas and events combined to produce the most important economic revolution of the second half of this century.
George P. Shultz Former U.S. Secretary of State and Former U.S. Secretary of the Treasury A stunning and eminently readable account of how the market has captured the commanding heights of economic thinking. Transforming economic analysis into a compelling narrative, the authors give us a comprehensive picture of an unfolding and dramatic story. It is as engrossing as it is instructive.
John Browne Chief Executive, BP (British Petroleum) "The Commanding Heights" conveys the new reality of the world economy with a sure grasp and a unique vision. It is stimulating, topical, and very well written. The depth of the analysis and the geographic breadth are overwhelming. It is a resounding achievement -- and essential reading for anyone engaged in international business.
Lawrence Summers There has been a revolution in economic thought every bit as profound in its implications as any other scientific revolution. "The Commanding Heights" tells the story of changes that have been world-transforming. It's a compelling guide to the 21st century economy.
Professor Rosabeth Moss Kanter Harvard Business School, Author of "World Class: Thriving Locally in the Global Economy""The Commanding Heights" persuasively and powerfully identifies today's and tomorrow's critical challenges for government policy and corporate action. Whether enthralled by the prospects of ever-expanding free markets or anxious about the social fallout of market excesses, readers will benefit from the book's compelling economic histories of key world regions showing how they are coping with change on the cusp of a new century.
Valery Giscard D'Estaing Former President of France The crowning achievement of "The Commanding Heights" is that it illuminates today's profound changes through the great sweep of history.
Yegor Gaidar Former Deputy Prime Minister and Minister of Finance, Russia "The Commanding Heights" captures the modern world's most crucial changes in a dramatic and vivid way. This book will be invaluable for readers in every part of the world -- decision makers and general readers alike -- for its ideas will be instrumental in helping the global community prepare for the twenty-first century.
