Principles For Dealing With the Changing World Order: Why Nations Succeed and Fail

Principles for Dealing with the Changing World Order is a book written by renowned investor Ray Dalio, the #1 New York Times bestseller Principles author, who has spent fifty years researching international economies and markets. It looks at the most turbulent political and economic eras in history to explain why the times ahead will probably be very different from what we have seen in our lifetimes and provides helpful guidance on how to handle them.

Ray Dalio saw a convergence of political and economic circumstances a few years ago that he had never seen before. These included massive debts and negative interest rates that prompted the world's three major reserve currencies to print large amounts of money; significant social and political unrest within nations, particularly the US, as a result of the greatest wealth, political, and moral divide in over a century; and the emergence of China as a global power that would challenge the US as the preeminent power and the status quo. This confluence last happened sometime between 1930 and 1945. After coming to this insight, Dalio set out to find the recurring themes and cause-and-effect connections that underpinned all significant shifts in power and wealth over the previous 500 years.

Putting into perspective the "Big Cycle" that has driven the successes and failures of all the world's major countries throughout history, Dalio takes readers along for his study of the major empires, including the Dutch, British, and American. This is a remarkable and timely addition to his Principles series. He exposes the ageless and global forces behind these changes and utilises them to see into the future, providing useful guidelines for preparing oneself for what lies ahead.