Summary of Jeffrey E. Garten's Three Days at Camp David


Book Description

Please note: This is a companion version & not the original book. Sample Book Insights: #1 When Nixon took office, America had been fighting for the past several years to defend South Vietnam from being taken over by the Communist regime of North Vietnam, which itself was supported by China and the Soviet Union. America’s goal was to make sure South Vietnam and its neighbors in Southeast Asia did not fall into the Communist camp. #2 In his first two years in office, Nixon faced many challenges. He began working on arms control agreements with the Soviet Union and the opening of relations between the United States and China. But he would not produce any real breakthroughs until 1971. #3 The New Isolationism was a negative congressional and public reaction to the tragic and unwinnable Vietnam War. It stemmed from the desire to bring back all troops stationed in Western Europe, as well as reduce American defenses abroad. #4 Nixon knew that to keep isolationism and protectionism at bay and respond effectively to intensifying globalization, he needed to change America’s foreign policy.




Three Days at Camp David


Book Description

The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard—breaking the link between gold and the dollar—transforming the entire global monetary system. Over the course of three days—from August 13 to 15, 1971—at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class prosperity the world has ever seen. In making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America’s dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress. Based on extensive historical research and interviews with several participants at Camp David, and informed by Garten’s own insights from positions in four presidential administrations and on Wall Street, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.




The Drama of Dictatorship


Book Description

The Drama of Dictatorship uncovers the role played by rival Communist parties in the conflict that culminated in Ferdinand Marcos's declaration of martial law in 1972. Using the voluminous radical literature of the period, Joseph Scalice reveals how two parties, the PKP and the CPP, torn apart by the Sino-Soviet dispute, subordinated the explosive mass struggles of the time behind rival elite conspirators. The PKP backed Marcos and the CPP, his bourgeois opponents. The absence of an independent mass movement in defense of democracy made dictatorship possible. The Drama of Dictatorship argues that the martial law regime was not fundamentally the outcome of Marcos's personal quest to remain in power but rather a consensus of the country's ruling elite, confronted with mounting social unrest, that authoritarian forms of rule were necessary to preserve their property and privileges. The bourgeois opponents of Marcos did not defend democracy but, like Marcos, plotted against it.




Shocks, Crises, and False Alarms


Book Description

An essential new guide to navigating macroeconomic risk. The shocks and crises of recent years—pandemic, recession, inflation, war—have forced executives and investors to recognize that the macroeconomy is now a risk to be actively managed. Yet unreliable forecasting, pervasive doomsaying, and whipsawing data severely hamper the task of decoding the landscape. Are disruptions transient and ephemeral—or permanent and structural? False alarms are costly traps, but so are true structural changes that go undetected. How can leaders avoid these macro traps to make better tactical and strategic decisions? In this perspective-shifting book, BCG Chief Economist Philipp Carlsson-Szlezak and Senior Economist Paul Swartz provide a fresh and accessible way to assess macroeconomic risk. Casting doubt on conventional model-based thinking, they demonstrate a more powerful approach to building sound macroeconomic judgment. Using incisive analysis built upon frameworks, historical context, and structural narratives—what they call "economic eclecticism"—the book empowers readers with the durable skills to assess continuously evolving risks in the real economy, the financial system, and the geopolitical arena. Moreover, the authors' more nuanced approach reveals that the all-too-common narratives of economic collapse and decline are often false alarms themselves, while the fundamental strengths of our current "era of tightness" become visible. With rational optimism rather than gloom, Shocks, Crises, and False Alarms speaks to the key financial and macroeconomic controversies that define our times—and provides a compass for navigating the global economy. Rather than relying on blinking dashboards or flashy headlines, leaders can and should judge macroeconomic risks for themselves.




The Mind Of The CEO


Book Description

The Mind of the CEO offers unprecedented access to the most dynamic business leaders of our time. Reading this book is like being at the World Economic Forum in Davos, Switzerland -- not at the formal presentations but in the hotel bar afterward, where the microphones are turned off and world-famous business leaders say what they really think. Better still, their confidant, Jeffrey Garten, interprets what they say, telling you how their views relate to each other and the world economy, and noting the many important things left unsaid. A revealing glimpse into the future of business, The Mind of the CEO captures as no other book before it what is in the minds of top business leaders and what it means for all of us.




From Silk to Silicon


Book Description

The historical figures responsible for today's global economy




The Battle of Bretton Woods


Book Description

Recounts the events of the Bretton Woods accords, presents portaits of the two men at the center of the drama, and reveals Harry White's admiration for Soviet economic planning and communications with intelligence officers.




The End and the Beginning


Book Description

First published in Germany in 1929, The End and the Beginning is a lively personal memoir of a vanished world and of a rebellious, high-spirited young woman's struggle to achieve independence. Born in 1883 into a distinguished and wealthy aristocratic family of the old Austro-Hungarian Empire, Hermynia Zur Muhlen spent much of her childhood travelling in Europe and North Africa with her diplomat father. After five years on her German husband's estate in czarist Russia she broke with both her family and her husband and set out on a precarious career as a professional writer committed to socialism. Besides translating many leading contemporary authors, notably Upton Sinclair, into German, she herself published an impressive number of politically engaged novels, detective stories, short stories, and children's fairy tales. Because of her outspoken opposition to National Socialism, she had to flee her native Austria in 1938 and seek refuge in England, where she died, virtually penniless, in 1951. This revised and corrected translation of Zur Muhlen's memoir - with extensive notes and an essay on the author by Lionel Gossman - will appeal especially to readers interested in women's history, the Central European aristocratic world that came to an end with the First World War, and the culture and politics of the late nineteenth and early twentieth centuries.




The Domestic and International Impacts of the 2009-H1N1 Influenza A Pandemic


Book Description

In March and early April 2009, a new, swine-origin 2009-H1N1 influenza A virus emerged in Mexico and the United States. During the first few weeks of surveillance, the virus spread by human-to-human transmission worldwide to over 30 countries. On June 11, 2009, the World Health Organization (WHO) raised the worldwide pandemic alert level to Phase 6 in response to the ongoing global spread of the novel influenza A (H1N1) virus. By October 30, 2009, the H1N1 influenza A had spread to 191 countries and resulted in 5,700 fatalities. A national emergency was declared in the United States and the swine flu joined SARS and the avian flu as pandemics of the 21st century. Vaccination is currently available, but in limited supply, and with a 60 percent effectiveness rate against the virus. The story of how this new influenza virus spread out of Mexico to other parts of North America and then on to Europe, the Far East, and now Australia and the Pacific Rim countries has its origins in the global interconnectedness of travel, trade, and tourism. Given the rapid spread of the virus, the international scientific, public health, security, and policy communities had to mobilize quickly to characterize this unique virus and address its potential effects. The World Health Organization and Centers for Disease Control have played critical roles in the surveillance, detection and responses to the H1N1 virus. The Domestic and International Impacts of the 2009-H1N1 Influenza A Pandemic: Global Challenges, Global Solutions aimed to examine the evolutionary origins of the H1N1 virus and evaluate its potential public health and socioeconomic consequences, while monitoring and mitigating the impact of a fast-moving pandemic. The rapporteurs for this workshop reported on the need for increased and geographically robust global influenza vaccine production capacities; enhanced and sustained interpandemic demand for seasonal influenza vaccines; clear "triggers" for pandemic alert levels; and accelerated research collaboration on new vaccine manufacturing techniques. This book will be an essential guide for healthcare professionals, policymakers, drug manufacturers and investigators.




The Cold War's Killing Fields


Book Description

A brilliant young historian offers a vital, comprehensive international military history of the Cold War in which he views the decade-long superpower struggles as one of the three great conflicts of the twentieth century alongside the two World Wars, and reveals how bloody the "Long Peace" actually was. In this sweeping, deeply researched book, Paul Thomas Chamberlin boldly argues that the Cold War, long viewed as a mostly peaceful, if tense, diplomatic standoff between democracy and communism, was actually a part of a vast, deadly conflict that killed millions on battlegrounds across the postcolonial world. For half a century, as an uneasy peace hung over Europe, ferocious proxy wars raged in the Cold War’s killing fields, resulting in more than fourteen million dead—victims who remain largely forgotten and all but lost to history. A superb work of scholarship illustrated with four maps, The Cold War’s Killing Fields is the first global military history of this superpower conflict and the first full accounting of its devastating impact. More than previous armed conflicts, the wars of the post-1945 era ravaged civilians across vast stretches of territory, from Korea and Vietnam to Bangladesh and Afghanistan to Iraq and Lebanon. Chamberlin provides an understanding of this sweeping history from the ground up and offers a moving portrait of human suffering, capturing the voices of those who experienced the brutal warfare. Chamberlin reframes this era in global history and explores in detail the numerous battles fought to prevent nuclear war, bolster the strategic hegemony of the U.S. and the U.S.S.R., and determine the fate of societies throughout the Third World.