Chapter . Introduction: New Opportunities

The world is changing.

If you have any doubt, just check out any major daily newspaper.

You will see the nexus of economic and political power shifting from Europe—possibly even from the United States—to China, Korea, South America, and other developing areas. You will see threats to world security emanating from such relatively minor powers as North Korea, Iran, and even Brazil, which has been contemplating its own nuclear development.

Some of this is bad news. Some not. Change is often associated with problems, anxiety, and fear. It is also associated with challenge. It may also be associated with progress, improvement, and opportunity.

Which is what this book is about. It is designed to help investors make ...

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