Fortune Favors the Bold: What We Must Do to Build a New and Lasting Global Prosperity
Average customer rating: 2.5 out of 5 stars
  • Pragmatic and well thought
  • Nothing new here
  • How can one be wrong so much and still be called an expert?
  • Infrastructure
  • Logical and important.
Fortune Favors the Bold: What We Must Do to Build a New and Lasting Global Prosperity
Lester C. Thurow
Manufacturer: Collins
ProductGroup: Book
Binding: Hardcover

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ASIN: 0060523654
Release Date: 2003-10-07

Amazon.com

With Fortune Favors the Bold: What We Must Do to Build a New and Lasting Global Prosperity, Lester Thurow follows on his bestsellers The Zero-Sum Society and The Future of Capitalism by addressing the path to globalization. Thurow--a Professor of Management and Economics at MIT's Sloan School--draws uncompromising conclusions: only a bold embrace of globalization will bring prosperity, and nations that fail to engage in global economics will fall behind the world's dominant powers.

He sees three simultaneous revolutions that fuel the rush to global business: the birth of knowledge-based industry, the creation of a global economy built on a worldwide information infrastructure, and the victory of capitalism. But Thurow is not naively optimistic about the prospects for prosperity in this new framework. The U.S. trade deficit, the Chinese export economy, the SARS epidemic, and the stagnating Japanese economy all offer real threats to short-term and long-term well-being.

Some readers will be frustrated that Fortune Favors the Bold does not deliver a detailed set of solutions to these impediments to global prosperity, despite Thurow's thorough research. The U.S. trade deficit, like the absence of international intellectual property rights, he labels a "dilemma": a problem that has no prescriptive answer. Crises will occur, he suggests. The challenge is to prepare for them and manage them well. Thurow urges the creation of new institutions to confront these dilemmas head on, notably the creation of a Chief Knowledge Officer (CKO) for governments and major corporations. The CKO will provide a central intelligence to steer nations and corporations through the difficulties of economic revolution. For Thurow, fortune will favor those leaders who boldly shape globalization and invest in emerging technologies. Those who stand by will be doomed to marginalization. --Patrick O'Kelley

Book Description

The new global economy is linking the fortunes of every nation on every continent -- for good or for ill. Its hallmark is a rising instability and a growing inequality between the first and third worlds, in spite of rising average incomes. The United States and other first world economies are finding it hard to recover after the boom of the 1990s and the bust of the early 21st century. Financial crises in the third world come frequently and are increasingly severe. Globalization is invoked to explain riots, civil disobedience, and as a factor in the rise of terrorism.

Lester Thurow argues now is the time to shape globalization into what we want it to be -- before it's too late. Today, he explains, we are at a critical crossroads in the development of the global economy. We can sit back and let it grow as it will, or we can seize the moment and build economic systems that will minimize instability, allow second and third world countries to thrive, and protect and enhance our own American interests. In short, a win/win global economy that benefits all participants.

Globalization, says Thurow, can be shaped.

In Fortune Favors the Bold, Thurow provides an insightful analysis of the ills of globalization and, more important, offers solutions. He tackles subjects such as:

Further, Thurow shows how the economic successes of Ireland and China provide a model for other countries to follow. He even proposes creating anew role for a "Chief Knowledge Officer" to help guide companies and governments in the developing global knowledge-based economy of the 21st century.

Globalization will continue whether we like it our not. We are at a critical moment; great challenges lay ahead, and our economic future is at stake. Now, with Fortune Favors the Bold, we have a map and guidebook to a prosperous economic future.

Customer Reviews:

5 out of 5 stars Pragmatic and well thought.......2005-12-31

Lester Thurow has a penetrating mind. His ideas and arguments are intellectually pure and for that reason invaluable. He is a true CKO - Chief Knowledge Officer.

2 out of 5 stars Nothing new here.......2005-10-10

I bought this book recently while in Thailand, hoping that Thurow would offer-up something interesting - more or less along the lines of the early 90s work, such as "Head to Head." Not here. I checked the date and the book was initially published in 2003, which means he probably wrote the mainstay in 2002. To me, if you have never thought about globalization and its implications, then buy it. If you have already, then this is nothing more than a collections of truisms that anybody with any interest in the subject would know already.

1 out of 5 stars How can one be wrong so much and still be called an expert?.......2004-06-08

It is so sad how wrong someone can be proven over and over again and still, he/she is rewarded, called a genius and is allowed to teach our youth. Here is a quote from the author: "Can economic command significantly... accelerate the growth process? The remarkable performance of the Soviet Union suggests that it can... Today the Soviet Union is a country whose economic achievements bear comparison with those of the United States." This was in 1989, just shortly before the Societ Union collapsed. Unfortunately, being this wrong in economics gives one awards and allows you to teach college students while being described a genius. Sad. Mr. Thurow may be a 'genius', but geniuses can be wrong too.

2 out of 5 stars Infrastructure.......2004-05-29

One of the wildest claims in this book has to do with the question of infrastructure. Thurow claims India has better infrastructure than China. But today the chairman of GE, Jeff Immelt, told his audience in India that they would never catch up with China unless they improve their infrastructure. Immelt said India lagged behind China in health and in things like airports and roads. And this, he said, was a major reason why India was a "disappointing" market for GE.

Somebody must be wrong - either the GE chairman or the MIT professor. There are many other errors in this book, not only in facts and statistics, but also in analysis. (Another whopper, of the analysis variety: Thurow says that Confucianism and Communism combined to emphasize education in China, and that this is one reason why China is so highly educated for a developing country. I don't know about Confucianism, but I do know that for years Mao decimated higher education in China, so that at one point college students had the reading ability of a junior high student while junior high students could barely read.)

4 out of 5 stars Logical and important........2004-04-20

A thorough and logical overview of economics and globalization, with predictions as well as prescriptions to manage potential problems. Although the predictions may or may not come true, the book is important because it allows readers the opportunity to understand in a clear, readable and factual manner, the issues we face as a "world economy".

If you want to read only one book which explains globalization, the rationale behind government run fiscal policies, the impact of trade deficits, and changing roles of governments and the world bank, this is a great one.
Globalization: What's New?
Average customer rating: 4 out of 5 stars
  • much of the same
Globalization: What's New?

Manufacturer: Columbia University Press
ProductGroup: Book
Binding: Paperback

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ASIN: 0231134592

Book Description

From the streets of Seattle to corporate boardrooms to new factories in third-world nations, globalization is subject to very different and often explosively divergent interpretations. Where some see globalization as driving poor countries into further poverty, others see it as the path to economic salvation and democratic rule. With original contributions from ten eminent economists, Globalization: What's New cuts through the confusion and rhetoric to offer straightforward, incisive analysis of globalization and its future.

Coming from some of globalization's most prominent supporters (David Dollar), its most vocal critics (Joseph Stiglitz), and those in-between, this collection presents diverse and original perspectives on globalization's immense reach that dig to the core of many debates. The contributors analyze recent trends in trade, immigration, and capital flows; why some poor countries have grown while others have stagnated during the past two decades; future opportunities for low-wage workers; globalization's impact on jobs and wages in poor countries and in the United States; the surprising environmental benefits of globalization; the degree to which foreign aid helps developing countries; the failures of international institutions in governing the global economy and supporting democracy; and how foreign loans and investments can wreak havoc on a nation's economy.

Customer Reviews:

4 out of 5 stars much of the same.......2006-04-22

This book is useful for upper-division or graduate courses as a reference for contemporary issues of globalization from a mainstream Liberal stance- though with sufficient variation of viewpoints to foment debate.

Read especially Stiglitz's chapter as well as rodrik's piece; they are well thought out criticisms of globalization which do not take a polarizing approach to the issues of the day.
What Democracy Looks Like: A New Critical Realism for a Post-Seattle World
Average customer rating: Not rated
    What Democracy Looks Like: A New Critical Realism for a Post-Seattle World

    Manufacturer: Rutgers University Press
    ProductGroup: Book
    Binding: Paperback

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    ASIN: 0813537177
    What's Next?: Exploring the New Terrain for Business
    Average customer rating: 4 out of 5 stars
    • Five years old
    • shaping forces
    • Futurism that's both thought provoking and relevant
    • Start at the front
    • Many big ideas about the future, as you'd expect from GBN
    What's Next?: Exploring the New Terrain for Business
    Eamonn Kelly , Peter Leyden , and Members of Global Business Network
    Manufacturer: Perseus Books Group
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    Binding: Hardcover

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    ASIN: 0738207608
    Release Date: 2002-09-17

    Book Description

    From the thought leaders at Global Business Network, new views on the profound forces shaping business in the coming decade.

    Who better to help us foresee how emerging trends will help shape the agenda for business in the first decade of the twenty-first century than Global Business Network, the renowned futurist think tank and strategic consulting firm, where some of the greatest minds from these fields converge and converse? In What's Next? , GBN's President, Eamonn Kelly, and its "knowledge developer," Peter Leyden, weave together fresh, new insights from expansive interviews with many of the Network's key thinkers, including: Stewart Brand on civilization, Mary Catherine Bateson on cultural change, Paul Hawken on the anti-globalization movement, Esther Dyson on Russia, Kevin Kelly on thinking globally, and Francis Fukuyama on biotechnology. The result is a thought-provoking, and inspiring guide to the ideas, concepts, and forces that will influence business in an era of increasing uncertainty-and opportunity.

    Customer Reviews:

    3 out of 5 stars Five years old.......2007-02-14

    This book is interesting, and I do recommend the book. First, the text highlights some potential trends that we might observe in the future. These trends are focused on business, but there may be social impacts as well. Second, the text provides insights from a range of individuals who should know something about the world. There are two negatives. First, the book is already five years old (and that's since its publication--who knows how long the publisher worked the book). Second, the book includes many opinions due to the range of experts providing content. The reader must connect the dots.

    4 out of 5 stars shaping forces.......2005-03-31

    A large variety of forces are shaping our future, and the book aims to explore the many forces. There are many views about many subjects, and the book provides interesting samples.

    4 out of 5 stars Futurism that's both thought provoking and relevant.......2003-07-05

    This very readable book was given a favourable mention in last year's 'Wired' magazine. It presents informal, interview style responses to topical questions affecting the future landscape of business. The 'What' in 'What's Next' includes Economic trends, Public policy, Ethics, Biotechnology, Terrorism and many more. Futurism is often a distracted and boffinish business, in which little or no practical advice is offered as to how to use its predictions. This text however has a strong strategic skew. It targets a business reader with a view towards orienting long term business strategy to take advantage of emerging and yet to emerge trends. If you want informed medium and long term predictions this is a good resource, particularly if you have an interest in technology investment.

    4 out of 5 stars Start at the front.......2003-05-05

    The first paragraph of the introduction says it all! The future begins....

    5 out of 5 stars Many big ideas about the future, as you'd expect from GBN.......2003-03-07

    I really enjoyed this book. It is a collection of short 1-2 page quotes from one of the GBN members espousing their views on a given topic. The quotes are arranged by topic, so you get a whole range of viewpoints on the big issues that the world may face in the next 10 years.

    The GBN members make their points in a very entertaining fashion, full of good quotes and stories. I found it to be densely thought provoking. You want to stop and ponder after every few pages. You may not agree with all of what they say, but the GBN has an interesting world view.

    If you're unfamiliar with GBN, be sure to check out the GBN book club recommendations on their website. It is a collection of some of the most interesting books I've read.
    What's wrong with the Australian people? Australia's conflation with the global market has coincided with a marked decline in altruistic values.: An article from: Arena Magazine
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      What's wrong with the Australian people? Australia's conflation with the global market has coincided with a marked decline in altruistic values.: An article from: Arena Magazine
      Alastair Davidson
      Manufacturer: Arena Printing and Publications Pty. Ltd.
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      Release Date: 2005-07-31

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      This digital document is an article from Arena Magazine, published by Arena Printing and Publications Pty. Ltd. on April 1, 2004. The length of the article is 3347 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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      Title: What's wrong with the Australian people? Australia's conflation with the global market has coincided with a marked decline in altruistic values.
      Author: Alastair Davidson
      Publication: Arena Magazine (Refereed)
      Date: April 1, 2004
      Publisher: Arena Printing and Publications Pty. Ltd.
      Issue: 70 Page: 29(4)

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      Where is history heading?(What is History Now?)(The New History: Confessions and Conversations)(Historical Representation)(Book Review): An article from: Canadian Journal of History
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        Where is history heading?(What is History Now?)(The New History: Confessions and Conversations)(Historical Representation)(Book Review): An article from: Canadian Journal of History
        Ian K. Steele
        Manufacturer: University of Saskatchewan
        ProductGroup: Book
        Binding: Digital

        GeneralGeneral | Canada | Americas | History | Subjects | Books
        ASIN: B00097568K
        Release Date: 2006-07-14

        Book Description

        This digital document is an article from Canadian Journal of History, published by University of Saskatchewan on December 1, 2004. The length of the article is 4119 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

        Citation Details
        Title: Where is history heading?(What is History Now?)(The New History: Confessions and Conversations)(Historical Representation)(Book Review)
        Author: Ian K. Steele
        Publication: Canadian Journal of History (Refereed)
        Date: December 1, 2004
        Publisher: University of Saskatchewan
        Volume: 39 Issue: 3 Page: 547(9)

        Article Type: Book Review

        Distributed by Thomson Gale
        Economic globalization and the "new" ethnic strife: What is to be done? (Policy paper / University of California Institute on Global Conflict and Cooperation)
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          Economic globalization and the "new" ethnic strife: What is to be done? (Policy paper / University of California Institute on Global Conflict and Cooperation)
          Ronnie D Lipschutz
          Manufacturer: University of California Institute on Global Conflict and Cooperation
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          ASIN: B0006QJ6CQ
          The globalization of America's defense industries: What is the threat? How can it be managed? : guidelines for a new generation of defense industrial strategists
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            The globalization of America's defense industries: What is the threat? How can it be managed? : guidelines for a new generation of defense industrial strategists
            Theodore H Moran
            Manufacturer: School of Foreign Service, Georgetown University
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            Globalization: What's New?
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              Globalization: What's New?
              Michael M. Weinstein
              Manufacturer: Columbia University Press
              ProductGroup: Book
              Binding: Paperback
              ASIN: B000OPMOUA

              Getting Results from your Analyst Relations Strategies
              Average customer rating: 5 out of 5 stars
              • Good Practical Book on Investor Relations
              • Good Best Practices
              • Useful checklists for managing analyst strategies
              • Excellent Introduction to High Tech Industry Analysts
              Getting Results from your Analyst Relations Strategies
              Louis Columbus
              Manufacturer: iUniverse, Inc.
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              ASIN: 0595334628

              Book Description

              Getting Results From Your Analyst Relations Strategies takes the many myths and half-truths surrounding industry analysts and exposes them through real-world examples. Louis Columbus' eighteen years of IT experience and over three years as an industry analyst translates into valuable advice for anyone looking to make the most of their investment in industry analysts.

              Getting Results From Your Analyst Relations Strategies covers:

              Getting Results From Your Analyst Relations Strategies exposes the many worst practices companies make when trying to get analysts onboard with their vision and plans.

              Download Description

              Getting Results From Your Analyst Relations Strategies takes the many myths and half-truths surrounding industry analysts and exposes them through real-world examples. Louis Columbus

              Customer Reviews:

              5 out of 5 stars Good Practical Book on Investor Relations.......2007-05-13

              This is a very practical book on investor relations and the intricacies on dealing with the analysts. Louis is a professional. He has the experience to share with all. In particular, if you are an executive of a firm or a new IR professional, you will find the practical guidelines very useful.

              5 out of 5 stars Good Best Practices.......2007-01-26

              Definitely a good "manual" for an intro to Analyst Relations. You might want to check out Knowledge Capital Group's website for a free copy.

              5 out of 5 stars Useful checklists for managing analyst strategies.......2005-12-03

              Written more like a manual for working with analysts, there are some very useful tips for turning analysts into business planning partners. Before hitting the road to do an analyst tour, read this book. It's a quick read.

              5 out of 5 stars Excellent Introduction to High Tech Industry Analysts.......2005-06-13

              Mr. Columbus has written a clear introduction to IT industry analyst relations, with every chapter easily applied "on the job" by vendor, service provider and agency personnel. An extraordinary value for the novice and a good refresher for professionals.

              Soft Scale Insects : Volume 7B: Soft Scale Insects (International Congress Series)
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                Y. Ben Dou
                Manufacturer: Elsevier Science
                ProductGroup: Book
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                Book Description

                Hardbound.

                The Boy Will Come to Nothing!: Freud`s Ego Ideal and Freud as Ego Ideal
                Average customer rating: Not rated
                  The Boy Will Come to Nothing!: Freud`s Ego Ideal and Freud as Ego Ideal
                  Leonard Shengold
                  Manufacturer: Yale University Press
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