Description: The current financial crisis in Asia shows just how powerful the globalization of money, trade, and investment has become in enriching, impoverishing, and even reshaping the nations in its path. Now, prize-winning reporter Richard Longworth reveals that globalization is wrenching not only the Third World but also important First-World nations like the U.S., Germany, France, and Japan. With trenchant analysis and sounding a wake-up call for change, Global Squeeze describes a world where the American middle class is disappearing, the social cohesion of post-World War II Europe is being undermined, and cracks are developing in what was once referred to as "Japan, Inc".

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