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Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy
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Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy

3.29  ·  Rating Details  ·  86 Ratings  ·  18 Reviews
A Harvard-trained economist's startling predictions reveal critical challenges in the decades ahead, helping individuals, businesses, and governments to make smarter decisions

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
Hardcover, 272 pages
Published January 18th 2011 by Times Books (first published January 4th 2011)
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Jennifer (JC-S)
Mar 25, 2011 Jennifer (JC-S) rated it really liked it
Shelves: librarybooks
‘At any one moment, there are innumerable possibilities for the state of the global economy.’

Economic predictions are difficult: there’s plenty of data that seems relevant (such as rates of unemployment and inflation and movements on the various world stock markets). But most of these numbers relate to the past and while they may give some indication of likely trends in the immediate future these metrics won’t necessarily tell us much about the long term – either for a particular country or for
Apr 15, 2014 Shaun rated it really liked it
I found this book thought-provoking. It's a nice piece of thought leadership, although I don't necessarily agree with all of his trends. Here they are in a nutshell:

Part 1: Limits
1. China will get richer and then it will get poorer again.
2. The European Union will disintegrate as an economic entity.

Part 2: Obstacles
3. The new colonialism will leave the colonizers and the colonized worse off in the long term.
4. Changing immigration policies in rich countries will worsen the brain drain from poor
Apr 28, 2014 Joseph rated it liked it
the book talks about some interesting and worthwhile what-if scenarios

(1) will China emerge as the next leading power? (2) will EU disintegrate?
(3) colonization (4) immigration policies (5) capitalism (6) world's sales force (7) globalization and the middleman role (8) collapse of WTO (9) lifestyle hubs (10) financial black market (11) global warming (12) structure of current political system

Predicting the future is a difficult, if not impossible task. However, these questions remain interesting
Lucy Chronicles
Oct 16, 2013 Lucy Chronicles rated it really liked it
The book is not revolutionary for those of us who read and subscribe to contrarian finance and thinking. However, it was worth the contextual, succinct global picture shaping the next 20+ years.

Main agreements: globalization will continue; there will be lifestyle hubs in parts of the world drawing international peoples; financial markets will become more automated with centers shifting off of Wall Street; aging demographics play a significant roll in the future of Western countries along w immig
Was written only in 2011 and therefore post GFC so very relevant. Covers China's rise - and maybe fall, the comeback of the USA, global warming impact, World Trade organisation, lifestyle hubs, the rise of the "black"economy. It takes a longer term view and assists in understanding broader macro risks and opportunities in the global economy. Not all of it will come to fruition but makes one think.

May 25, 2014 Vinny rated it it was ok
I am always interested in big-picture trends. I figure people that write these books will have some insight into trends; maybe they are good or maybe not; nobody will be perfect. I don't read/listen uncritically. This book was "ok." I didn't finish listening to it all (book on CD), it wasn't that interesting; I got maybe halfway through and said "eh."
Wade Brooks
May 06, 2015 Wade Brooks added it
Shelves: busienss
There are a few interesting things here but in general it's an academic economists view of the future. It suffers from the "Economic Man" Syndrome - theory heavy but lacking perspective when it comes to real human behavior. A much better read is George Friedman's The Next 100 Years: A Forecast for the 21st Century.
Kathy Nealen
Sep 06, 2012 Kathy Nealen rated it liked it
What are the long term trends that will affect the global economy and the countries within it? Altman proposes twelve trends but notes that any focus or attention on them could affect whether or not they actually occur. (I wonder if that is what fortune tellers say when you go to see them?) One trend that interested me was that "A new set of lifestyle hubs will replace today's business hubs". This trend suggests that many professional telecommuting people will re-locate from their native country ...more
Jan 26, 2012 Ariadna73 rated it really liked it
Shelves: biography, economy
I liked the way is structured showing the limits; obstacles; opportunities and risks of the current financial panorama. In short; the most important thing to remember here is that it is good to be rich because they are going to get richer. It is good to study not to do anything at all; but to be a middleman; because middlemen are the ones who are going to get all the monies. The WTO will no longer have power; mainly because it is of no use to its creators any more. And finally; the author propos ...more
Jul 30, 2014 Alesia rated it it was amazing  ·  review of another edition
Really Interesting book about the world's economy. Learned some really cool little tidbits from this book about the world that i did not know before. This book had a ton of information in it.
Mar 27, 2014 Jon rated it did not like it
Was not a big fan book was disconnected hard to follow
Jennifer Taylor
May 06, 2015 Jennifer Taylor rated it really liked it
Valuable information. Worth the read.
Aug 12, 2012 Dean rated it liked it  ·  review of another edition
NYU Professor, Daniel Altman offers up 12 'surprising' trends that will reshape the global economy in mostly, very easy to understand hypothesis and rationalization. A good portion of his 12 trends shouldn't surprise folk accustomed to reading newspapers and following global trends on a regular basis - but there a few interesting angles that provided food for thought. Altman frames his narrative in a very sound and coherent manner that will mostly appeal to the layperson, but an overall interest ...more
On Point
Listen to Daniel Altman on his "Outrageous Fortunes" here:

Everybody’s still worried about America’s economic future, and millions of Americans are living an untenable economic life right now. Unemployed. Under-employed. Watching savings, homes, benefits, dreams all drift away.

Altman explains what’s to come for the U.S. economy and what will decide the future of our economic standing and health. He parses out the deep trends pushing the global economy now.

Aug 19, 2013 BLACK CAT rated it liked it
Shelves: economy
Interesting, near-future opinions about economics and ecology, population, politics...
Apr 17, 2016 Xiangyu rated it it was ok
China will get richer, and then it will get poorer again? Why?
Aug 10, 2011 Phil rated it liked it  ·  review of another edition
Great playbook for following stock market sport
Michael Tarpinian
Interesting premise.
Jan Solomon
Jan Solomon marked it as to-read
Aug 20, 2016
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Hui Tan rated it it was amazing
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Daniel Altman is an American-born author, journalist and economist. His
latest book, Connected: 24 Hours in the Global Economy, was published
in May 2007 by Farrar, Straus and Giroux. He is also the author of Neoconomy:
George Bush's Revolutionary Gamble With America's Future, which was
published by PublicAffairs in 2004.

Altman began his career as an academic economist with a doctorate from
More about Daniel Altman...

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