Daniel Yergin, Joseph Stanislaw

The Commanding Heights The Battle Between Government and the Marketplace That Is Remaking the Modern World Publication date : January 1, 2000

The Commanding Heights recounts the epic battle that has been fought all over the world for the past twenty years between governments and the international marketplace for control the global economy.

The words “privatisation” and “deregulation” don’t do justice to the revolution that has been taking place. Billions of dollars and the commands of power are constantly changing hands. New wealth and new markets are emerging. The shape of the global economy is being redefined. The decision-making centres are moving. What does the future hold? How will the ordinary citizen’s daily life be changed?

The collapse of the Soviet Union, the growing power of China, the awakening of India, the economic renewal of Latin America, the strengthening of the European Union: all of these developments point to a political and economic revolution that everywhere in the world has upset the balance between governments and the marketplace. How didwe reach this stage? Will the spread of liberalism be stopped?

This book provides an overview of the economic situation at the end of the century and a series of portraits of the heads of state, business leaders and major economists who have shaped the world we live in — from Ronald Reagan and Deng Xiaoping to Tony Blair and BIll Clinton, and including Keith Richard, who inspired the Thatcher revolution, and the apostles of neo-liberalism Friedrich von Hayek, Gary Becker and George Stigler.

“This book is luminously clear about the changes that are shaking the foundations of our world.” Valéry Giscard d’Estaing

“A captivating account of the victory of market forces over communism and socialism.” Gary Becker, Nobel Prize for Economics

“Economic analysis as a thriller.” George Shultz

A specialist in economic strategy, Daniel Yergin is the president of the Cambridge Energy Research Associates, one of the most renowned consultants for energy issues. He is the author of the Pulitzer-prizewinning XXXXXX, which became an international bestseller.

An economist and international market consultant, Joseph Stanislaw directs the Cambridge Energy Research Associates. He was formerly with the O.E.C.D.