Thanks to globalization, more countries depend on each other for trade, capital, and ideas than ever before. Yet politically, these countries are drifting further apart. In Seeing the Elephant, author and emerging markets expert Peter Marber describes how increasing economic integration and the rise of new actors is drastically altering the geopolitical landscape, and offers insights on how the US can maintain a leading role in the 21st century and beyond.
While America remains the single most important economy today, rising economic powerhouses — China, Russia, India, Brazil and others — bring a diverse set of interests to the table that the US cannot afford to ignore, Marber explains. Moreover, globalization has created thousands of non-state actors – corporations, banks, hedge funds, activists and even terrorists – who bring their own concerns to bear on the world system.
In the era of globalization, America's success hinges on the success of its neighbors, too. Yet from its invasion of Iraq to its disregard of major treaties — some recent US choices have shown little regard for these new players. As the lines between economic, defense, environmental, immigration, and energy policy become increasingly blurred, having a holistic and coherent approach to cross-border challenges is essential. Yet the forums and institutions that once coordinated these relationships – the UN, World Bank and the G7— are losing relevance and no longer adequately represent the world's expanded power roster. To remain vital, Marber believes all our multilateral institutions will require fresh ideas and revamping.
Seeing the Elephant demystifies
globalization, and analyzes the megatrends and
interconnections of the 21st century. With bold
suggestions on how America reassert its historic
leadership in the new global arena, Seeing the
Elephant should be required reading for policy
makers, businessmen and informed citizens alike.
From the Inside Flap
In the new millennium, it is nearly impossible for us to talk about basic concerns like food or gas prices, without examining global intersections in trade, energy, immigration, the environment, and defense. Many countries once described as "developing" nations now wield greater economic and political influence than some of the so-called "major" powers. Former debtor nations have become creditors of the United States and other developed countries that run budget deficits. Without recognizing and understanding these connections, we cannot even begin to discuss how the United States and other countries can craft and harness effective policies amid this breathtaking progress. In Seeing the Elephant, Peter Marber describes how increasing economic integration and the rise of new actors is drastically altering the geopolitical landscape, and offers insights on how the U.S. can make policy to maintain a leading role in the years to come.
The twenty-first century, Marber explains, demands a very different lens for viewing the world. In the era of globalization, America's success hinges on the success of its neighbors, too. Rising economic powerhouses—China, Russia, India, Brazil, and others—bring a diverse set of interests to the table that the U.S. cannot afford to ignore. Moreover, globalization has created thousands of non-state actors—corporations, banks, hedge funds, activists, and even terrorists—who bring their own concerns to bear. Marber underscores the importance of forging strong relationships with pivotal developing nations and America's need to reaffirm the centricity of global protocols, rules, and institutions after an unfortunate period of neglect. It's not too late. By focusing on seven key cross-border, interlinking issues—trade and finance, energy, security, immigration, health, the environment, and poverty—Marber recommends key adjustments in policies that aim to strengthen and modernize our current institutional infrastructure, including NATO, the WHO, the WTO, the World Bank, and the UN, among others. While his strategies do not guarantee that the United States will remain on top economically, they ensure that the global system America helped to create triumphs in the end, protecting against the factionalism that led to two World Wars and destroyed decades of economic progress.
In this timely book, Marber demystifies
global-ization and analyzes new international
megatrends and interconnections. With bold
suggestions on how America can reassert its
historic leadership in the new global arena,
Seeing the Elephant will show readers how the
U.S. still remains the planet's best chance at
building enduring peace and prosperity.
From the Back Cover
Praise for Seeing the Elephant
"Creative and accessible . . . Peter Marber has earned his insights into globalization as a practitioner who studied emerging markets long before they became fashionable in the West. An inspiring, terrific book about the most important subject of our era."—Steve Coll, Pulitzer Prize winner and bestselling author of Ghost Wars and The Bin Ladens
"On the money . . . . If you want to understand globalization's future, as well as some of the reasons we got into our current financial mess, reading Marber's Seeing the Elephant is a great place to start."—Craig Karmin, Wall Street Journal reporter and author of Biography of the Dollar: How the Mighty Buck Conquered the World and Why It's Under Siege
"Peter Marber is an original thinker who has managed to write a genuinely original book about globalization—a subject that has been exhausted by far too many more conventional analyses. His 'macro quantum' perspective on the world spotlights the critical, unavoidable fact of infinite connections among states and people. Those connections, and the uncertainty and unpredictability they bring, also open up a world of infinite possibility."—Anne-Marie Slaughter, Dean, Woodrow Wilson School of Public and International Affairs, Princeton University
"At a time when we are witnessing the
collapse of just about everything, Seeing the
Elephant should be required reading for any
American looking for a way forward. ?Peter
Marber unpacks the intricately connected,
fast-evolving world we live in with
crystal-clear prose, apt metaphors, and hard
Seeing the Elephant provides a prototype of the new flight apparatus America needs to navigate our way successfully through the buffeting winds of the twenty-first century."—Mira Kamdar, author of Planet India: The Turbulent Rise of the Largest Democracy and the Future of Our World
"Great timing . . . . Seeing the Elephant
captures global reality as it is today and where
it is heading far more deeply than any framework
offered so far. ?This is the book government and
business leaders must read. By cleverly
investigating the connections between finance,
the environment, security, and poverty, Marber
makes all previous writing on globalization
redundant."—Parag Khanna, author of The Second
World: Empires and Influence in the New Global
About the Author
Peter Marber (New York, NY) is global head of GEM fixed income and currencies at HSBC Halbis Partners. He was formerly Founding parter and Chief Strategist for the Atlantic Funds LLC, which was acquired by HSBC in 2005. Marber began his career at UBS where he was co-founder and President of the emrgency markets subsidiary. He has been a faculty member at Columbia University since 1993 and has taught at both the Business school and the School of International and Public Affairs. He has also taught at Johns Hopkins University. He is affiliated with theWorld Policy Institute and the New America Foundation.