An epic account of the decades-long battle to control what has emerged as the world's most critical resource—microchip technology—with the United States and China increasingly in conflict. You may be surprised to learn that microchips are the new oil—the scarce resource on which the modern world depends. Today, military, economic, and geopolitical power are built on a foundation of computer chips. Virtually everything— from missiles to microwaves, smartphones to the stock market — runs on chips. Until recently, America designed and built the fastest chips and maintained its lead as the #1 superpower. Now, America's edge is slipping, undermined by competitors in Taiwan, Korea, Europe, and, above all, China. Today, as Chip War reveals, China, which spends more money each year importing chips than it spends importing oil, is pouring billions into a chip-building initiative to catch up to the US. At stake is America's military superiority and economic prosperity. Economic historian Chris Miller explains how the semiconductor came to play a critical role in modern life and how the U.S. become dominant in chip design and manufacturing and applied this technology to military systems. America's victory in the Cold War and its global military dominance stems from its ability to harness computing power more effectively than any other power. But here, too, China is catching up, with its chip-building ambitions and military modernization going hand in hand. America has let key components of the chip-building process slip out of its grasp, contributing not only to a worldwide chip shortage but also a new Cold War with a superpower adversary that is desperate to bridge the gap. Illuminating, timely, and fascinating, Chip War shows that, to make sense of the current state of politics, economics, and technology, we must first understand the vital role played by chips.

Named by Bill Gates as one of his Top 5 Books of the Year An Economist Best Book of the Year In the 1980s and 1990s many in the West came to believe in the myth of an East-Asian economic miracle, with countries seen as not just development prodigies but as a unified bloc, culturally and economically similar, and inexorably on the rise. In How Asia Works , Joe Studwell distills extensive research into the economics of nine countries—Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China—into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished. Impressive in scope, How Asia Works is essential reading for anyone interested in a region that will shape the future of the world.

The New York Times bestselling dazzling portrait of America on the verge of a nervous breakdown in the tumultuous political and economic times of the 1970s. In January of 1973 Richard Nixon announced the end of the Vietnam War and prepared for a triumphant second term—until televised Watergate hearings revealed his White House as little better than a mafia den. The next president declared upon Nixon’s resignation “our long national nightmare is over”—but then congressional investigators exposed the CIA for assassinating foreign leaders. The collapse of the South Vietnamese government rendered moot the sacrifice of some 58,000 American lives. The economy was in tatters. And as Americans began thinking about their nation in a new way—as one more nation among nations, no more providential than any other—the pundits declared that from now on successful politicians would be the ones who honored this chastened new national mood. Ronald Reagan never got the message. Which was why, when he announced his intention to challenge President Ford for the 1976 Republican nomination, those same pundits dismissed him—until, amazingly, it started to look like he just might win . He was inventing the new conservative political culture we know now, in which a vision of patriotism rooted in a sense of American limits was derailed in America’s Bicentennial year by the rise of the smiling politician from Hollywood. Against a backdrop of melodramas from the Arab oil embargo to Patty Hearst to the near-bankruptcy of America’s greatest city, The Invisible Bridge asks the question: what does it mean to believe in America? To wave a flag—or to reject the glibness of the flag wavers?