Black Market Billions

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Author :
Publisher : FT Press
ISBN 13 : 0132180243
Total Pages : 333 pages
Book Rating : 4.1/5 (321 download)

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Book Synopsis Black Market Billions by : Hitha Prabhakar

Download or read book Black Market Billions written by Hitha Prabhakar and published by FT Press. This book was released on 2012 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Black Market Billions blows the lid off the world's fastest-growing illicit industry: organized retail crime. Hitha Prabhakar reveals how criminals with ties to terrorist groups around the world are committing huge product thefts, and using the profits to fund terrorist acts. Prabhakar connects the dots and follows the money ... from consumers "dying for a deal" to terrorist cells eager to do the killing.

Reefer Madness

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Publisher : HMH
ISBN 13 : 054752675X
Total Pages : 355 pages
Book Rating : 4.5/5 (475 download)

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Book Synopsis Reefer Madness by : Eric Schlosser

Download or read book Reefer Madness written by Eric Schlosser and published by HMH. This book was released on 2004-04-01 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller: The shadowy world of “off the books” businesses—from marijuana to migrant workers—brought to life by the author of Fast Food Nation. America’s black market is much larger than we realize, and it affects us all deeply, whether or not we smoke pot, rent a risqué video, or pay our kids’ nannies in cash. In Reefer Madness, the award-winning investigative journalist Eric Schlosser turns his exacting eye to the underbelly of American capitalism and its far-reaching influence on our society. Exposing three American mainstays—pot, porn, and illegal immigrants—Schlosser shows how the black market has burgeoned over the past several decades. He also draws compelling parallels between underground and overground: how tycoons and gangsters rise and fall, how new technology shapes a market, how government intervention can reinvigorate black markets as well as mainstream ones, and how big business learns—and profits—from the underground. “Captivating . . . Compelling tales of crime and punishment as well as an illuminating glimpse at the inner workings of the underground economy. The book revolves around two figures: Mark Young of Indiana, who was sentenced to life in prison without parole for his relatively minor role in a marijuana deal; and Reuben Sturman, an enigmatic Ohio man who built and controlled a formidable pornography distribution empire before finally being convicted of tax evasion. . . . Schlosser unravels an American society that has ‘become alienated and at odds with itself.’ Like Fast Food Nation, this is an eye-opening book, offering the same high level of reporting and research.” —Publishers Weekly

Black Market

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Author :
Publisher : Harlequin
ISBN 13 : 0369718860
Total Pages : 272 pages
Book Rating : 4.3/5 (697 download)

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Book Synopsis Black Market by : Merl Code

Download or read book Black Market written by Merl Code and published by Harlequin. This book was released on 2022-03-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a former college basketball player and Executive at Nike, a "riveting" (Sports Illustrated) insider's account into the business of college basketball exposes the corrupt and racist systems that exploit young athletes and offers a new way forward For Merl Code, basketball was life. In college he played point guard for Clemson before turning pro. Later, when he pivoted to marketing, he found himself thrust into a startling world of profit-driven college basketball programs. He realized that the NCAA's amateurism rules could be used to exploit young athletes, and athletes of color in particular. Now, for the first time, Code will share his side of the explosive story of college basketball's dark reality—a system that begins with young talent in AAU programs and culminates at the highest levels of the NBA. Propulsive, urgent, and eye-opening, Black Market exposes the truth to offer a more just way forward for both colleges and athletes.

Illicit

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Publisher : Anchor
ISBN 13 : 0307278565
Total Pages : 351 pages
Book Rating : 4.3/5 (72 download)

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Book Synopsis Illicit by : Moises Naim

Download or read book Illicit written by Moises Naim and published by Anchor. This book was released on 2006-10-10 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking investigation of how illicit commerce is changing the world by transforming economies, reshaping politics, and capturing governments.In this fascinating and comprehensive examination of the underside of globalization, Moises Naím illuminates the struggle between traffickers and the hamstrung bureaucracies trying to control them. From illegal migrants to drugs to weapons to laundered money to counterfeit goods, the black market produces enormous profits that are reinvested to create new businesses, enable terrorists, and even to take over governments. Naím reveals the inner workings of these amazingly efficient international organizations and shows why it is so hard — and so necessary to contain them. Riveting and deeply informed, Illicit will change how you see the world around you.

Black Edge

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Publisher :
ISBN 13 : 0812995805
Total Pages : 370 pages
Book Rating : 4.8/5 (129 download)

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Book Synopsis Black Edge by : Sheelah Kolhatkar

Download or read book Black Edge written by Sheelah Kolhatkar and published by . This book was released on 2017 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The rise over the last two decades of a powerful new class of billionaire financiers marks a singular shift in the American economic and political landscape. Their vast reserves of concentrated wealth have allowed a small group of big winners to write their own rules of capitalism and public policy. How did we get here? ... Kolhatkar shows how Steve Cohen became one of the richest and most influential figures in finance--and what happened when the Justice Department put him in its crosshairs"--Amazon.com.

Billion Dollar Whale

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Publisher : Hachette Books
ISBN 13 : 0316436488
Total Pages : 412 pages
Book Rating : 4.3/5 (164 download)

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Book Synopsis Billion Dollar Whale by : Bradley Hope

Download or read book Billion Dollar Whale written by Bradley Hope and published by Hachette Books. This book was released on 2018-09-18 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Named a Best Book of 2018 by the Financial Times and Fortune, this "thrilling" (Bill Gates) New York Times bestseller exposes how a "modern Gatsby" swindled over $5 billion with the aid of Goldman Sachs in "the heist of the century" (Axios). Now a #1 international bestseller, Billion Dollar Whale is "an epic tale of white-collar crime on a global scale" (Publishers Weekly), revealing how a young social climber from Malaysia pulled off one of the biggest heists in history. In 2009, a chubby, mild-mannered graduate of the University of Pennsylvania's Wharton School of Business named Jho Low set in motion a fraud of unprecedented gall and magnitude--one that would come to symbolize the next great threat to the global financial system. Over a decade, Low, with the aid of Goldman Sachs and others, siphoned billions of dollars from an investment fund--right under the nose of global financial industry watchdogs. Low used the money to finance elections, purchase luxury real estate, throw champagne-drenched parties, and even to finance Hollywood films like The Wolf of Wall Street. By early 2019, with his yacht and private jet reportedly seized by authorities and facing criminal charges in Malaysia and in the United States, Low had become an international fugitive, even as the U.S. Department of Justice continued its investigation. Billion Dollar Whale has joined the ranks of Liar's Poker, Den of Thieves, and Bad Blood as a classic harrowing parable of hubris and greed in the financial world.

Billions & Billions

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Author :
Publisher : Ballantine Books
ISBN 13 : 0345379187
Total Pages : 322 pages
Book Rating : 4.3/5 (453 download)

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Book Synopsis Billions & Billions by : Carl Sagan

Download or read book Billions & Billions written by Carl Sagan and published by Ballantine Books. This book was released on 1998-05-12 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • In the final book of his astonishing career, Carl Sagan brilliantly examines the burning questions of our lives, our world, and the universe around us. These luminous, entertaining essays travel both the vastness of the cosmos and the intimacy of the human mind, posing such fascinating questions as how did the universe originate and how will it end, and how can we meld science and compassion to meet the challenges of the coming century? Here, too, is a rare, private glimpse of Sagan’s thoughts about love, death, and God as he struggled with fatal disease. Ever forward-looking and vibrant with the sparkle of his unquenchable curiosity, Billions & Billions is a testament to one of the great scientific minds of our day. Praise for Billions & Billions “[Sagan’s] writing brims with optimism, clarity and compassion.”—Ft. Lauderdale Sun-Sentinel “Sagan used the spotlight of his fame to illuminate the abyss into which stupidity, greed, and the lust for power may yet dump us. All of those interests and causes are handsomely represented in Billions & Billions.”—The Washington Post Book World “Astronomer Carl Sagan didn’t live to see the millennium, but he probably has done more than any other popular scientist to prepare us for its arrival.”—Atlanta Journal & Constitution “Billions & Billions can be interpreted as the Silent Spring for the current generation. . . . Human history includes a number of leaders with great minds who gave us theories about our universe and origins that ran contrary to religious dogma. Galileo determined that the Earth revolved around the Sun, not the other way around. Darwin challenged Creationism with his Evolution of Species. And now, Sagan has given the world its latest challenge: Billions & Billions.”—San Antonio Express-News “[Sagan’s] inspiration and boundless curiosity live on in the gift of his work.”—Seattle Times & Post-Intelligencer “Couldn’t stay awake in your high school science classes? This book can help fill in the holes. Acclaimed scientist Carl Sagan combines his logic and knowledge with wit and humor to make a potentially dry subject enjoyable to read.”—The Dallas Morning News

Millions, Billions, Zillions

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Author :
Publisher : Princeton University Press
ISBN 13 : 069120909X
Total Pages : 176 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Millions, Billions, Zillions by : Brian W. Kernighan

Download or read book Millions, Billions, Zillions written by Brian W. Kernighan and published by Princeton University Press. This book was released on 2020-11-10 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Numbers are often intimidating, confusing, and even deliberately deceptive--especially when they are really big. The media loves to report on millions, billions, and trillions, but frequently makes basic mistakes or presents such numbers in misleading ways. And misunderstanding numbers can have serious consequences, since they can deceive us in many of our most important decisions, including how to vote, what to buy, and whether to make a financial investment. In this short, accessible, enlightening, and entertaining book, leading computer scientist Brian Kernighan teaches anyone--even diehard math-phobes--how to demystify the numbers that assault us every day. With examples drawn from a rich variety of sources, including journalism, advertising, and politics, Kernighan demonstrates how numbers can mislead and misrepresent. In chapters covering big numbers, units, dimensions, and more, he lays bare everything from deceptive graphs to speciously precise numbers. And he shows how anyone--using a few basic ideas and lots of shortcuts--can easily learn to recognize common mistakes, determine whether numbers are credible, and make their own sensible estimates when needed. Giving you the simple tools you need to avoid being fooled by dubious numbers, Millions, Billions, Zillions is an essential survival guide for a world drowning in big--and often bad--data"--Jacket

The Man Who Solved the Market

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Author :
Publisher : Penguin
ISBN 13 : 0735217998
Total Pages : 401 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis The Man Who Solved the Market by : Gregory Zuckerman

Download or read book The Man Who Solved the Market written by Gregory Zuckerman and published by Penguin. This book was released on 2019-11-05 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER Shortlisted for the Financial Times/McKinsey Business Book of the Year Award The unbelievable story of a secretive mathematician who pioneered the era of the algorithm--and made $23 billion doing it. Jim Simons is the greatest money maker in modern financial history. No other investor--Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars. Drawing on unprecedented access to Simons and dozens of current and former employees, Zuckerman, a veteran Wall Street Journal investigative reporter, tells the gripping story of how a world-class mathematician and former code breaker mastered the market. Simons pioneered a data-driven, algorithmic approach that's sweeping the world. As Renaissance became a market force, its executives began influencing the world beyond finance. Simons became a major figure in scientific research, education, and liberal politics. Senior executive Robert Mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort. Mercer also impacted the campaign behind Brexit. The Man Who Solved the Market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. It's also a story of what Simons's revolution means for the rest of us.

Life Without Parole

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Publisher : NYU Press
ISBN 13 : 0814762484
Total Pages : 344 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis Life Without Parole by : Charles J. Ogletree

Download or read book Life Without Parole written by Charles J. Ogletree and published by NYU Press. This book was released on 2012-06-04 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is life without parole the perfect compromise to the death penalty? Or is it as ethically fraught as capital punishment? This comprehensive, interdisciplinary anthology treats life without parole as “the new death penalty.” Editors Charles J. Ogletree, Jr. and Austin Sarat bring together original work by prominent scholars in an effort to better understand the growth of life without parole and its social, cultural, political, and legal meanings. What justifies the turn to life imprisonment? How should we understand the fact that this penalty is used disproportionately against racial minorities? What are the most promising avenues for limiting, reforming, or eliminating life without parole sentences in the United States? Contributors explore the structure of life without parole sentences and the impact they have on prisoners, where the penalty fits in modern theories of punishment, and prospects for (as well as challenges to) reform.

Live Work Work Work Die

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Author :
Publisher : Metropolitan Books
ISBN 13 : 1627794867
Total Pages : 194 pages
Book Rating : 4.6/5 (277 download)

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Book Synopsis Live Work Work Work Die by : Corey Pein

Download or read book Live Work Work Work Die written by Corey Pein and published by Metropolitan Books. This book was released on 2018-04-24 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: A scathing, sardonic exploration of Silicon Valley tech culture, laying bare the greed, hubris, and retrograde politics of an industry that aspires to radically transform society for its own benefit At the height of the startup boom, journalist Corey Pein set out for Silicon Valley with little more than a smartphone and his wits. His goal: to learn how such an overhyped industry could possibly sustain itself as long as it has. But to truly understand the delirious reality of the tech entrepreneurs, he knew he would have to inhabit that perspective—he would have to become an entrepreneur himself. Thus Pein begins his journey—skulking through gimmicky tech conferences, pitching his over-the-top business ideas to investors, and rooming with a succession of naive upstart programmers whose entire lives are managed by their employers—who work endlessly and obediently, never thinking to question their place in the system. In showing us this frantic world, Pein challenges the positive, feel-good self-image that the tech tycoons have crafted—as nerdy and benevolent creators of wealth and opportunity—revealing their self-justifying views and their insidious visions for the future. Vivid and incisive, Live Work Work Work Die is a troubling portrait of a self-obsessed industry bent on imposing its disturbing visions on the rest of us.

Billions of Drops in Millions of Buckets

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Author :
Publisher : Wiley
ISBN 13 : 9780470454671
Total Pages : 302 pages
Book Rating : 4.4/5 (546 download)

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Book Synopsis Billions of Drops in Millions of Buckets by : Steven H. Goldberg

Download or read book Billions of Drops in Millions of Buckets written by Steven H. Goldberg and published by Wiley. This book was released on 2009-07-07 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for BILLIONS OF DROPS in MILLIONS OF BUCKETS "Billions of Drops in Millions of Buckets provides a bracing and original look at philan-thropy that offers a much-needed corrective to conventional wisdom. Steve Goldberg combines a resolve to understand why so much philanthropy accomplishes so little enduring social change with a timely and serious proposal to reinvigorate nonprofit capital markets through the simplest of insights: getting more of the money to where it can do the most good. This book will change how forward-looking philanthropists, foundations, and policymakers think about the relationship between charitable giving and the transformative capacity of social entrepreneurs." —Jerr Boschee, founder and Executive Director, The Institute for Social Entrepreneurs; Visiting Professor of the Practice in Social Enterprise, Carnegie Mellon University "Goldberg's arguments are logical next steps in the rapidly evolving discussion of social capital markets. He offers ambitious proposals informed by the reality of current practices and focused on an achievable set of goals. He fully recognizes the potential for restructuring that is inherent in this time of financial hardship. Real change relies on big ideas, and Steve Goldberg offers us several." —Lucy Bernholz, author of Creating Philanthropic Capital Markets: The Deliberate Evolution "When I first heard about 'evidence-based medicine,' I thought: 'you mean it isn't?' Read this book and that's how you'll feel about 'performance-based philanthropy.' Goldberg takes some of the best current management thinking and applies it to social enterprise, illuminating both the encouraging successes of social entrepreneurs and the barriers they face. Even better, he presents compelling ideas for making the social sector vastly more effective." —Christopher Meyer, Chief Executive, Monitor Networks "Goldberg calls for more 'performance-driven philanthropy,' where nonprofits are rewarded based on their results, in place of the current dysfunction. It is an important call and a valuable contribution to discussions about how to improve nonprofits in the U.S. and internationally." —Martin Brookes, Chief Executive, New Philanthropy Capital "Billions of Drops... is a must-read romp through emerging fields of social entrepre-neurship and nonprofit capital markets." —George Overholser, founder and Managing Director, NFF Capital Partners

Class Clowns

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Publisher : Columbia University Press
ISBN 13 : 0231543336
Total Pages : 289 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Class Clowns by : Jonathan A. Knee

Download or read book Class Clowns written by Jonathan A. Knee and published by Columbia University Press. This book was released on 2016-11-29 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education, and textbook publishing, and they have, with surprising regularity, lost their shirts. In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch's billion-dollar effort to reshape elementary education through technology; the unhappy investors—including hedge fund titan John Paulson—who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twenty-year mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment. Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guardrails for future investors, as well as an intelligent exposé for activists and teachers frustrated with the repeated underperformance of these attempts to shake up education.

Billions of Bricks

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Author :
Publisher : Macmillan
ISBN 13 : 1627792732
Total Pages : 34 pages
Book Rating : 4.6/5 (277 download)

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Book Synopsis Billions of Bricks by : Kurt Cyrus

Download or read book Billions of Bricks written by Kurt Cyrus and published by Macmillan. This book was released on 2016-10-11 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: A counting book that leads readers through a day in the life of a construction worker building with bricks.

Home Grown

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Publisher : Univ of North Carolina Press
ISBN 13 : 0807882682
Total Pages : 344 pages
Book Rating : 4.8/5 (78 download)

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Book Synopsis Home Grown by : Isaac Campos

Download or read book Home Grown written by Isaac Campos and published by Univ of North Carolina Press. This book was released on 2012-04-23 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Historian Isaac Campos combines wide-ranging archival research with the latest scholarship on the social and cultural dimensions of drug-related behavior in this telling of marijuana's remarkable history in Mexico. Introduced in the sixteenth century by the Spanish, cannabis came to Mexico as an industrial fiber and symbol of European empire. But, Campos demonstrates, as it gradually spread to indigenous pharmacopoeias, then prisons and soldiers' barracks, it took on both a Mexican name--marijuana--and identity as a quintessentially "Mexican" drug. A century ago, Mexicans believed that marijuana could instantly trigger madness and violence in its users, and the drug was outlawed nationwide in 1920. Home Grown thus traces the deep roots of the antidrug ideology and prohibitionist policies that anchor the drug-war violence that engulfs Mexico today. Campos also counters the standard narrative of modern drug wars, which casts global drug prohibition as a sort of informal American cultural colonization. Instead, he argues, Mexican ideas were the foundation for notions of "reefer madness" in the United States. This book is an indispensable guide for anyone who hopes to understand the deep and complex origins of marijuana's controversial place in North American history.

Billions at Play

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Author :
Publisher : Made For Success Publishing
ISBN 13 : 9781641465601
Total Pages : 0 pages
Book Rating : 4.4/5 (656 download)

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Book Synopsis Billions at Play by : N. J. Ayuk

Download or read book Billions at Play written by N. J. Ayuk and published by Made For Success Publishing. This book was released on 2021-05-04 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wall Street Journal Best Selling Book "I agree with the points made--and with Ayuk's case for the critical role that OPEC will play in helping African oil products achieve a much-deserved voice in the petroleum industry." --OPEC Secretary-General, H.E. Mohammad Sanusi Barkindo Two decades of negotiating African oil and gas deals have given NJ Ayuk a grasp of the continent's energy landscape that few can match. The American-educated, African energy lawyer serves up generous doses of that insight in his second book, Billions at Play: The Future of Africa Energy and Doing Deals. Serving as a road map for the continent to do a better job of using its vast energy resources to improve its peoples' lives, Ayuk addresses how African countries can use their energy industries as springboards for diversifying and growing their overall economies. In addition, Ayuk shows how African governments and local companies can negotiate better deals with international energy companies and how the continent's countries can use marginal oil and gas fields to develop domestic energy industries that, once strong, will compete globally. Questions posed and answered: Why Africa's fledgling natural gas resources can allow the continent to emerge as a key global player in the industry What changes African countries can make in order to become attractive investment destinations The role that access to reliable, sustainable, and affordable power can play in the acceleration of economic growth Why and how American energy companies should stop curtailing their investments in Africa And why the continent's energy industry needs more women The book's underlying theme is that too often, natural resources create wealth for foreign investors and a select group of African elites while everyday people (and in turn, African economies) fail to benefit. While it is easy to see that there is a lack of local participation in African projects and an ongoing challenge in securing necessary investment, we also need to understand our role in this. We have to understand the importance of creating enabling environments with attractive fiscal terms for local and foreign investors, the role of stronger local content policies in ensuring more local participation in the sector, and the weight government and political uncertainty carries in moving projects forward. "It's up to Africans to fix Africa," writes Ayuk. This statement can be considered a living theme throughout the book as he encourages that local companies and governments have to enter into collaborative agreements rather than passive engagements with IOCs and majors. "[We need] investors who show that they want to fully participate with us, by coming in and building long-term sustainable businesses that last and make a profit, create jobs and further development." If you're ready to dive headfirst into accessing a frank analysis and examination of the African energy landscape and how Africans can begin to fix Africa, jump into the pages of Billions at Play.

Conquering the Fear of Freedom

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Author :
Publisher : OUP Oxford
ISBN 13 : 0191024066
Total Pages : 333 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Conquering the Fear of Freedom by : Shinji Takagi

Download or read book Conquering the Fear of Freedom written by Shinji Takagi and published by OUP Oxford. This book was released on 2015-04-16 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conquering the Fear of Freedom presents an analytical review of Japanese exchange rate policy from the end of World War II to the present. It examines how authorities, starting with the imposition of draconian controls over all international financial flows, moved toward eliminating virtually all state interference regulating foreign exchange transactions, including official intervention in the foreign exchange market. It describes how policy and institutional frameworks evolved, explains their domestic and international contexts, and assesses the impacts and consequences of policy actions. Following successful exchange rate-based stabilization in the early 1950s, Japan entered the world trading system with an overvalued currency, which helped perpetuate exchange and capital controls. As the culture of administrative control became ingrained, Japan took a decidedly gradualist approach to establishing current and capital account convertibility. The protracted capital account liberalization, coupled with slow domestic financial liberalization, created large swings in the yen's exchange rate when it was floated in the 1970s. Politicization by major trading partners of Japan's large bilateral trade surplus pressured authorities to subordinate domestic stability to external objectives. The ultimate outcome was costly: from the late 1980s, Japan successively experienced asset price inflation, a banking crisis, and economic stagnation. The book concludes by arguing that the shrinking trade surplus against the background of profound structural changes, the rise of China that has diminished the political intensity of any remaining bilateral economic issues, and the world's sympathy over two decades of deflation have given Japan, at least for now, the freedom to use macroeconomic policies for domestic purposes.