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Principles for Dealing With the Changing World Order – Why Nations Succeed and Fail Book Review

In his latest book, Principles for Dealing with the Changing Global Order: Why Nations Succeed and Fail, Ray Dalio traces the rise and fall of major empires over the past 500 years. He reveals the forces at work in all major shifts and offers practical principles for positioning ourselves for the future. This book is a must-read for anyone interested in global politics and economics.

One of Dalio’s most fascinating chapters is on China. This chapter is longer than most books, but it reflects Dalio’s perspective that China is a growing power and a prime example of global stability. It compares various indicators of Chinese development to those of other countries. However, it can be difficult to follow for those with no background knowledge of China’s history.

In his book, Dalio lays out the full impact of money on empires. He argues that there are three major monetary policies that can be employed to increase economic growth. The Federal Reserve can lower short-term interest rates, but it cannot lower long-term interest rates. The Federal Reserve can also purchase bonds, but this policy is already heavily in place.