Principles for Dealing with the Changing World Order

Why Nations Succeed and Fail

This book examines the historical patterns and cyclical forces that drive the rise and fall of major empires over the past five hundred years. Ray Dalio analyzes the intersection of economic, political, and societal factors that shape global order and disorder. By studying past economic shifts, large debts, and political conflicts, the author outlines recurring cycles that influence national success and failure. The text provides a framework for understanding how major global transitions occur and what they imply for the future.

by Ray Dalio

Simon & Schuster · First published 2021 · 336 pages