Summary of The Road to Global Prosperity

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Rating

7 Overall

8 Importance

6 Innovation

7 Style


Recommendation

The 2008 recession created little international political fallout save renewed commitment to democratization and openness in once-closed societies. Global trade continued apace. Michael Mandelbaum therefore argues that global capitalism has taken root, a trend he finds virtuous. Aside from his intriguing high-level conclusions, Mandelbaum – co-author of That Used to Be Us with Thomas Friedman – doesn’t break new ground; instead, his purpose is analysis. He limns the causes of recession, the euro crisis and the emergence of Brazil, Russia, India and China. Caveat: The book came out before Russia’s actions in Crimea, which clearly challenge some of its related conclusions, but otherwise getAbstract recommends Mandelbaum’s ideas to investors and policy makers seeking insight into the broader forces shaping the world economy today and tomorrow.

In this summary, you will learn

  • Why economic prosperity emerged as the world’s top priority;
  • How the US housing bubble and the euro bubble expanded; and
  • How Brazil, Russia, India and China – the BRIC nations – face ongoing challenges despite their achievements.
 

About the Author

Michael Mandelbaum, author of That Used to Be Us with Thomas Friedman, directs American Foreign Policy at The Johns Hopkins School of Advanced International Studies.

 

Summary

The Top Priority in International Affairs
Economic growth isn’t dead. The recession and the euro crisis hit hard in the United States and Europe, but the emerging markets of Brazil, Russia, India and China, that is, the BRIC nations, grew. The global trend of economic growth from 1991 ...

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