Economist Alex Tabarrok eagerly anticipates the growth of the developing world. He believes emerging economies will demand and supply new ideas that will benefit the entire globe in the 21st century and beyond. Alas, Tabarrok neglects to acknowledge that the tragedies that defined the early 20th century also came from new ideas that many people embraced excitedly. Nevertheless, getAbstract recommends Tabarrok’s optimistic lecture to futurists interested in dynamic universal trends and the power of ideas.
In this summary, you will learn
- How the spread of ideas improves the standard of living around the world,
- Why a growing world market encourages the development of new ideas, and
- Why the United States must dedicate itself to spreading globalization and investing in education.
About the Speaker
Alex Tabarrok is an associate professor of economics at George Mason University.