Die Zukunft der Weltwirtschaft

by Lester Carl Thurow

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 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.

Genres: Business, Economics

Hardcover

First published January 1, 2003

About the author

Lester Carl Thurow (born 1938) is a former dean of the MIT Sloan School of Management and author of numerous bestsellers on economic topics.
Thurow was born in Livingston, Montana. He received his B.A. in political economy from Williams College in 1960, where he was in Theta Delta Chi and Phi Beta Kappa as a junior, and a Tyng Scholar. Thurow was awarded a Rhodes Scholarship, and went to Balliol College, Oxford to read Philosophy, Politics and Economics, graduating in 1962 with first class honors. He received a Ph.D. in Economics from Harvard University in 1964.
Thurow is on the board of directors of Analog Devices, Grupo Casa Autrey, E-Trade, and Taiwan Semiconductor Manufacturing Corp.. Thurow was also one of the original founders of the Economic Policy Institute in 1986.
Thurow is currently an economics columnist for, among others, the Boston Globe and USA Today. He was previously an economics columnist for and on the editorial board of the New York Times, and was a contributing editor to Newsweek.
Thurow is a longtime advocate of a political and economic system of the Japanese and European type, in which governmental involvement in the direction of the economy is far more extensive than is presently the case in the United States – a model that has come to be known as "Third Way" philosophy.
His best selling book, Head to Head: The Coming Economic Battle Among Japan, Europe and America published in 1993, compares economic growth and living standards among Japan, Europe, and the USA.
His other books include:
Fortune Favors the Bold: What we must do to build a new and lasting global prosperity (2003).
The Future of Capitalism: how today's economic forces shape tomorrow's world (1996).
The Zero-sum Solution: building a world-class American economy (1985).
Dangerous Currents: the state of economics (1983).
The Zero-sum Society: distribution and the possibilities for economic change (1980).
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Reviews

[Anthony · Rating 4 out of 5]

It will make you think deeply about capitalism, markets, and your place within.

[Andrzej · Rating 5 out of 5]

Very insightful and thought provoking. Obviously, American-centric, but that is kind of natural, when you look at the writer's background. The most interesting part is the last two chapters.

[Elizabeth · Rating 1 out of 5]

Lent to me by a friend writing his Masters Thesis in Economics. Blah.

[Kaia · Rating 1 out of 5]

Too Ameri-centric and conservative if you ask me

[Tori · Rating 4 out of 5]

A great book to help understand the power and significance of globalization.

[Song · Rating 2 out of 5]

Ameri-centric BUT interesting .