Uprising

Books addressing issues related to China's economic rise are not unusual; what sets this title apart is the level of detail Magnus (senior economic adviser, UBS Investment Bank; The Age of Aging: How Demographics Are Changing the Global Economy and Our World) provides in laying out the complex, multifaceted relationship between the United States and China. Drawing on history, demographics, politics, and economics, he paints a picture of a multipolar post-crisis world, with the United States and China its reluctant de facto leaders. Noting weaknesses in China's financial and economic governance, however, Magnus concludes that only the United States is positioned to pilot the world through the after-crisis turbulence and its reverberations. The United States will have to take the lead in establishing a new economic order. The author also sheds light on the major emerging economies (Brazil, Russia, India, and others) and the impact of both climate change and demographics on the world's economic future.