Quick Read

Billions of Entrepreneurs: How China and India Are Reshaping Their Futures —And Yours
By Tarun Khanna

China and India together account for 2.4 billion people—and a seemingly similar number of books that claim to reveal the secret to doing business with them. Fortunately, Khanna, an Indian-born professor at Harvard Business School, resists the temptation to simply add to this pile of tomes. After lamenting persistent Western ignorance about these Asian giants, Khanna delivers a dense but lively blend of anecdotes and analysis. He shows how entrepreneurial spirit is transforming both these countries not only economically, but strengthening ties between the two.

Caught in the Middle: America's Heartland in the Age of Globalism
By Richard C. Longworth

One place in America that nobody can accuse of being unaware of China's economic ascent is the heartland—the industrial region that formed the center of the 20th century's most dynamic and innovative economy, but now is synonymous with unemployed workers and foreclosed houses. Former foreign correspondent Longworth's gloomy assessment of the prospects of a region that has been one of globalization's clear losers is harsh. But while his tale of the failures of complacent workers, inept managers and clueless politicians to confront global competition takes place firmly in the nation's interior, he offers little reason for those living elsewhere to feel insulated from similar threats.

The Middle-Class Millionaire: The Rise of the New Rich and How They Are Changing America
By Russ Alan Prince and Lewis Schiff

Of course, not all Americans are slipping down the economic food chain. Consultants Prince and Schiff draw on their own research to identify the attitudes and, more important, the habits of an emerging class of people who have earned their way out of the middle class. While this group's existence is hardly a secret, particularly to residents of upscale suburbs, the author's research into what makes them tick—valuing money over happiness, for one thing—is impressively thorough.