Ray Dalio’s New Book, a New Way of Understanding Major Global Crises

Ray Dalio’s new book, “How Countries Go Broke: The Big Cycle”, offers a fresh perspective on major economic crises, debt cycles, and the geopolitical shifts that shape the rise and decline of nations.

Ray Dalio, author of the bestselling book Principles and founder of the world’s largest hedge fund, introduces in his new book, How Countries Go Broke: The Big Cycle, published by ap! (ACT and Politon), a new perspective on how the rise and decline of nations should be understood.

The excerpt below, published exclusively for Careers&Business, explains the need to look beyond current events and understand the recurring patterns that drive major transformations. Debt dynamics, the way supply and demand truly function, and the political or geopolitical shifts that reshape the world are just some of the ideas explored by the author in his latest book.

Exclusive excerpt:

“I believe that, placed in the hands of policymakers and investors, the concepts I explain can help the world function better. Above all, I hope that reading this book will give you:

1. A complete and practical understanding of the Big Debt Cycle. If you want a very concise summary of it, read Part I, and for a deeper understanding, read Part II.
2. A far more practical understanding of how supply and demand actually work compared to the conventional economic view. This topic is covered in detail in Chapter 2, but it is present throughout the entire book.
3. A complete and practical understanding of the Big Cycle as a whole, which is driven by the Big Debt Cycle and other major cycles, including the major internal political cycle that changes the political order within countries, and the major geopolitical cycle that changes the world order. One of the main objectives of this book is to help you understand how the Big Cycle drives these major changes, because I believe we are currently on the brink of such a transformative period. If you were to read only one chapter of this book, Chapter 8 would be the most important.”

A book that provides an essential perspective on how major economic and political cycles shape today’s world and influence the global future.

ap! (ACT and Politon) is one of the most important players on the Romanian book market. Specializing in high-quality nonfiction, the publishing house has introduced local readers to internationally acclaimed authors such as Tim Ferriss, Robin Sharma, Tony Robbins, Wayne Dyer, Steve Harvey, Gino Wickman, and many others. At the same time, ap! (ACT and Politon) is the Romanian publishing house under whose imprint the largest number of audiobooks has been published locally. Launched in 2014, the publisher has brought more than 300 audiobook titles to Romania, many of them global bestsellers that have changed thousands of lives.

ap! (ACT and Politon) believes in continuous development and offers Romanian readers titles covering a wide range of topics, including personal and professional development, business, entrepreneurship, spirituality, and wellbeing. The publisher’s titles are available in classic print format, as well as eBook, MP3, and audiobook editions, allowing readers to enjoy books anytime, anywhere.