The Road to Global Prosperity by Michael Mandelbaum (Simon and Schuster, $28)
Ever since the financial crash of 2008 there has been speculation about whether the globalised economic system is under threat. Some analysts, me included, predicted international political tensions would rise in the new environment – and that this would eventually pose a threat to the trade and investment flows underpinning globalisation.
Michael Mandelbaum has come to a different conclusion. In his new book The Road to Global Prosperity, he says globalisation will not merely survive but intensify – and that the result will be a much more prosperous world. “The global economy will continue to grow. Its growth will make people everywhere richer,” he predicts.
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