Fortune Favors the Bold
What We Must Do to Build a New and Lasting Global Prosperity| By: | Lester C. Thurow |
| Publisher: | HarperCollins |
| Print ISBN: | 9780060750695 |
| eText ISBN: | 9780061743986 |
| Edition: | 0 |
| Format: | Reflowable |
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In this insightful and forward-looking study, MIT economist Thurow draws uncompromising conclusions: only a bold embrace of globalization will bring prosperity, and nations that fail to engage in global economics will fall behind the world’s dominant powers. “Thurow deserves credit for spotlighting some unconventional but increasingly compelling explanations for America’s international deficits, like the little-noticed recent transformation of U.S. multinational companies from superstar exporters to superstar importers from all the factories they have moved abroad. He also usefully reminds readers that the imbalances result significantly from public-sector decisions, not simply from the impersonal workings of technological progress or free markets. Globalization’s course, in other words, can be usefully shaped by policy.” -The Washington Post