Search results for ""Author Jeffrey E. Garten""

Globalisation often seems to be an impersonal and abstract phenomenon. Whether in everyday culture or matters of policy, its force has been experienced as something at once general and monolithic. By contrast, From Silk to Siliconis the first book to tell the history of globalisation through the lens of the people who shaped it. Taking ten extraordinary individuals, this book examines what these men and women did, how they did it, and how their combined will and vision continue to influence our world today. Drawing together their various stories, Jeffrey E. Garten finds the common links between these figures. Placing the individual at the forefront of history, Garten explores some critical issues, including: How does the growing power of international trade affect nations’ sovereignty? How much influence can any one person have in transforming our society? He argues that, in our increasingly globalised world, our progress and growth will come to be guided by many more such leaders and innovators. From Silk to Silicon presents a future full of human possibility.

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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.

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