Summary of Keys to Prosperity

Free Markets, Sound Money, and a Bit of Luck

MIT Press, more...

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Keys to Prosperity book summary
If free markets, solid currencies, global politics, improvement employment and maturing economies come together, international prosperity is assured (if we’re lucky).


9 Overall

7 Applicability

10 Innovation

9 Style


This entertaining and sharply written collection of essays surveys the essential elements needed to assure prosperity in the 21st-century global economy. Some of the essays are dated (the only major flaw here), and some of author Rudi Dornbusch’s predictions have already been proven wrong, but enough of his predictions are dead-on accurate that his views command attention. His policy prescriptions are rooted in the real world and grounded in practical experience. The region-by-region, nation-by-nation analysis is particularly intriguing and accentuates the clarity and accessibility of Dornbusch’s sophisticated - if sometimes controversial - economic arguments. getAbstract recommends this book as excellent reading for policymakers, investors and anyone interested in international markets and globalization.

In this summary, you will learn

  • What key factors drive prosperity in the global economy
  • Why emerging markets, in particular, struggle during periods of social unrest
  • Why free-trade agreements and open markets are essential to economic progress.


The Big Picture
The 20th century was the best ever, despite two world wars and the Great Depression. Humankind is farther along than ever before, in part because creative destruction is the mechanism of economic progress - as you can see in the dismantling of the nation state in favor ...
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About the Author

Rudi Dornbusch is the Ford Professor of Economics and International Management at the Massachusetts Institute of Technology.

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