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Outrageous Fortunes
Book

Outrageous Fortunes

The Twelve Surprising Trends That Will Reshape the Global Economy

Times Books, 2011 подробнее...


Editorial Rating

8

Qualities

  • Innovative
  • Overview
  • Visionary

Recommendation

With news from financial markets grabbing headlines each day, it is easy to overlook less-obvious yet powerful trends that could affect the global economy for decades to come. Economist Daniel Altman provides a synopsis of 12 of these trends, along with solutions and challenges to the problems and opportunities they present. While Altman’s big-picture forecast provides useful insight into current developments and what they may mean for the future, it suffers from a lack of on-the-ground perspective and, of course, even expert predictions are subject to unforeseen events. getAbstract recommends this smart assessment to those interested in possible long-term outcomes and solutions to today’s economic issues.

Take-Aways

  • Forecasts say 12 overarching future developments will transform the world economy:
  • China’s economic growth will falter and decline after 2050. The European Union is likely to unravel and eventually disband.
  • Foreigners taking over resource-rich countries’ assets will exert a “new colonialism.”

About the Author

Economist Daniel Altman is a best-selling author and an assistant adjunct professor of economics at New York University’s Stern School of Business.


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