''The Changing World Order: Why Nations Succeed and Fail'' is a 2021 book by

Ray Dalio Raymond Thomas Dalio (born August 8, 1949) is an American billionaire and hedge-fund manager, who has been co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Dalio was born in New York ...

Description

According to Dalio, nation success depends on the cycles and like

business cycle Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, governmen ...

s, empires have cycles too. So, it is not inevitable for a country to exist forever. As per him, the most important factor in the success of a nation is their investment in education. The book covers five centuries of history.

Reception

The book was reviewed by ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

'' in 2021. In 2022, it was included in the ''Toronto Stars list.

References

Business books 2021 non-fiction books English-language non-fiction books Simon & Schuster books {{Nonfiction-book-stub