Fortune favors the bold: what we must do to build a new and lasting global prosperity

Book Cover
Average Rating
Publisher:
HarperBusiness,
Pub. Date:
c2003
Edition:
1st edition
Language:
English
Description

Bestselling author and renowned economist Lester Thurow argues forcefully that globalization is not a done deal and we must seize the moment now if we are to create a new global economy in which all can prosper.

In this new book, Thurow examines the newly-forming global economy, with a special focus on the role of the US and the dangers to our own national well-being. He examines such questions as: What's at stake for us in the global economy? Why is it important that the system be equitable and that other countries prosper along with us? What should our goals as a nation be - long term and short term? What are the tough choices that need to be made in our relationship with other countries and world regulatory bodies? What role should we be playing globally? What are the political, economic, social choices / tradeoffs we will have to confront?

Thurow contends that the huge and growing US trade deficit poses grave dangers to the value of the dollar and is putting our own economy in jeopardy.

As the world economy leaps national boundaries, its hallmark seems to be a rising instability and a growing inequality between the first and third worlds. Financial crises in the third world come ever more frequently and seem to be ever more severe. The first world economies seem to be in ever more frantic boom and bust cycles. Globalization causes riots throughout the world and is one factor in the rise of terrorism against the West.

Thurow shows how some nations, including Ireland and China, have embraced the concept of globalization and placed themselves into a position to prosper with growing and productive national economies. He contrasts their positive actions with Japan, whose leaders have allowed the nation to drift into stagnation and have destroyed its prosperity.

He argues that this is the time to choose globalization or be left behind, the time to "build a global economy that eliminates the defects," and he provides plenty of ideas for corporations, governments, economists, and citizens to act upon.

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ISBN:
9780060523657
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Grouping Information

Grouped Work ID 91d68c8b-2f12-f05c-3f34-fbd9de6c32b1
Grouping Title fortune favors the bold what we must do to build a new and lasting global prosperity
Grouping Author thurow lester c
Grouping Category book
Last Grouping Update 2019-02-22 00:39:32AM
Last Indexed 2019-07-22 02:02:12AM

Solr Details

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author Thurow, Lester C.
author_display Thurow, Lester C
available_at_ouray Ouray Public Library
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display_description "Lester Thurow argues now is the time to shape globalization into what we want it to be - before it's too late. Today, he explains, we are at a critical crossroads in the development of the global economy. We can sit back and let it grow as it will, or we can seize the moment and build economic systems that will minimize instability, allow second and third world countries to thrive, and protect and enhance our own American interests. In short, a win/win global economy that benefits all participants."--BOOK JACKET
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publishDate 2003
record_details ils:6171|Book|Books|1st edition|English|HarperBusiness,|c2003|340 pages ; 24 cm
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subject_facet Globalization, International economic relations
title_display Fortune favors the bold : what we must do to build a new and lasting global prosperity
title_full Fortune favors the bold : what we must do to build a new and lasting global prosperity / Lester Thurow
title_short Fortune favors the bold :
title_sub what we must do to build a new and lasting global prosperity
topic_facet Globalization, International economic relations