Summary of Outrageous Fortunes

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Rating

8 Overall

8 Importance

8 Innovation

9 Style

Recommendation

With news from financial markets grabbing headlines each day, it is easy to overlook less-obvious yet powerful trends that could affect the global economy for decades to come. Economist Daniel Altman provides a synopsis of 12 of these trends, along with solutions and challenges to the problems and opportunities they present. While Altman’s big-picture forecast provides useful insight into current developments and what they may mean for the future, it suffers from a lack of on-the-ground perspective and, of course, even expert predictions are subject to unforeseen events. getAbstract recommends this smart assessment to those interested in possible long-term outcomes and solutions to today’s economic issues.

In this summary, you will learn

  • How 12 trends will change the global economy, and
  • How government and business can meet the challenges and opportunities these trends present.
 

About the Author

Economist Daniel Altman is a best-selling author and an assistant adjunct professor of economics at New York University’s Stern School of Business.

 

Summary

A Daunting Dozen
Twelve overarching developments seem likely to affect the world economy in the future:

1. “China Will Get Richer, and Then It Will Get Poorer Again”
Despite some recent setbacks, China’s economic growth has been formidable. Some studies predict...

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