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An economic tsunami.(Globalization: Why it Works)(Three Billion New Capitalists: The Great Shift of Wealth and Power to the East)(Book Review)

American Prospect, The,  October, 2005  by Tyson, Laura D; '; Andrea

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THREE BILLION NEW CAPITALISTS: THE GREAT SHIFT OF WEALTH AND POWER TO THE EAST BY CLYDE PRESTOWITZ Basic Books, 278 pages, $26.95

GLOBALIZATION: WHY IT WORKS BY MARTIN WOLF Yale University Press, 398 pages, $30.00

WILL THE UNITED STATES benefit from the new wave of globalization sweeping the economy, as it did from earlier ones? Or will America instead see its prosperity and economic power slip away as jobs, technology, income, and wealth shift to Asia?

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