Publisher Description
As individuals, companies, and countries struggle to recover from the economic crisis, many are narrowly focused on forecasts for the next week, month, or quarter. Yet they should be asking what the global economy will look like in the years to come—where will the long-term risks and opportunities arise? These are the questions that Daniel Altman confronts in his provocative and indispensable book. The fate of the global economy, Altman argues, will be determined by deeper factors than those that move markets from moment to moment. His incisive analysis brings together hidden trends, societal pressures, and policy endgames to make twelve surprising but logical predictions about the years ahead. And his forecasts for the future raise a pressing question for today: with so many challenges awaiting us, are our political and economic institutions up to the task? Outrageous Fortunes shows which industries will grow, which economies will crumble, which investments will pay off, and where the next big crisis may occur. Altman’s carefully reasoned text is an essential guide for the road ahead.
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“Altman, professor of economics at New York University, presents twelve theories that he believes will reshape the global economy. His topics range from China’s future economic status to the role of international bodies in promoting trade. Each of the theories is presented in its own self-contained chapter, as a separate idea from the others, so the discussions can be explored in any order. William Hughes gives a fast-paced reading that keeps the narration moving forward…Hughes handles the financial vocabulary of Altman’s work with clear enunciation that makes this an easy listen.”
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