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"This book is a forecast."
Over the next three decades, the aging populations in America, Europe, and Japan will begin to threaten our way of life. The ever-increasing pool of retirees will burden relatively diminished workforces, slowing the pace of growth and straining public and private finances. In stark contrast, the emerging economies---India, Brazil, and China prominent among them---enjoy the benefits of large, youthful, and eager workforces, and will do so for years to come. As seasoned economist Milton Ezrati argues, these demographic differences will set the economic and financial tone for the next three decades or more.
But the author argues the future is nonetheless brighter than the media forecasting will have you believe. We can survive---and even thrive---in the face of challenges that force radical change on our workforce. America has the capacity to lead the globe in making needed reforms, including increasing the participation of women in the workplace, creating generally longer working lives, changing what and how economies produce, and much more.
Ezrati's book will be a game changer for investors, owners of businesses both big and small, and for anyone else interested in prediction of what the future holds.
- Sales Rank: #349544 in Books
- Published on: 2014-04-08
- Released on: 2014-04-08
- Original language: English
- Number of items: 1
- Dimensions: 9.43" h x .5" w x 6.34" l, 1.00 pounds
- Binding: Hardcover
- 352 pages
Review
“Milton Ezrati, fantastically well-versed in international finance, has a rare gift for explaining complex economic trends in clear and compelling prose. In Thirty Tomorrows he brings his formidable knowledge to bear on one of the greatest challenges facing America and Europe. He shows that aging populations need not spell doom for economic growth. His fascinating study does not form simply important but vital reading.” ―Jacob Heilbrunn, Editor, The National Interest
“A bold assessment of what population aging and globalization will mean to the way we work, organize production, and accumulate knowledge and wealth in the 21st century” ―Dr. Isaac Ehrlich, Chair of the Department of Economics at SUNY Buffalo and Editor-in-Chief, The Journal of Human Capital
“Ezrati offers a smart, readable synthesis…his panoramic, balanced perspective provides valuable insights into economic challenges ahead.” ―Publishers Weekly
“Ezrati provides useful insights into how programs should be structured to have meaningful results.” ―CPA Magazine
“A timely and thoughtful analysis.” ―Michael H. Armacost, former U.S. Ambassador to Japan on Kawari
“A rattling good read.” ―Brian Reading, author of Japan: The Coming Collapse on Kawari
“Ezrati is bolder and more speculative.” ―Foreign Affairs on Kawari
“A thought-provoking look at what might be in store.” ―San Jose Mercury News on Kawari
About the Author
MILTON EZRATI has spent over forty years in the finance sector. Ezrati has extensive media experience through his position as senior economist, market strategist, and partner at Lord Abbett and Co., a money-management firm that handles approximately $132.6 billion in assets. He is an affiliate of the Center for the Study of Human Capital and Economic Growth at the State University of New York at Buffalo. A New York native, he has worked at Citibank, Chase, Lionel D. Edie & Co, and Nomura Capital Management.
Most helpful customer reviews
13 of 13 people found the following review helpful.
Good Overview, but Dated Statistics
By Jimmie
While this book is a good overview of the issues, I came away with both positive and negative feelings.
First the positive. It is an easily read summary of globalization issues. It will, if nothing else, raise your awareness of the importance of issues frequently seen in the media these days. If you are looking for a high level introduction, then this is the book for you.
Now the negative. The material seems to have been written around 2008/2009, even though the copyright is 2014. The vast majority of the quoted statistics are from 2008/2009 as indicated by the footnotes in the back of the book. That said, the book is wonderfully footnoted, and the "stale" statistics don't diminish the validity of the basic points.
I felt some topics that have arisen since 2008/2009 were missing, or only mentioned in passing; for example, in the chapter on China, no mention is made of the potential credit bubble (shadow banking system), housing bubble, or pollution issues. Other topics that could have been discussed better or were missing include Abenomics, central bank QE, climatic impacts like water scarcity, and corruption/ease-of-doing-business concerns. Also missing was a discussion of Africa and the future impact of its huge building wave of youthful workers.
1 of 1 people found the following review helpful.
Demographic Blueprint - Seeing Tomorrow Today
By David D Franecki
Thirty Tomorrows clearly and effectively presents the powerful influence that demographics will have in shaping the world’s economic, social and cultural issues for generations to come. This deeply researched book resists making splashy predictions, opting instead for a temperate look at the range of both possible and probable outcomes of key demographic problems and trends.
Ezrati proves why he is one of the investment community's true thought leaders on economic issues. His fresh approach reveals new growth opportunities, both for individuals and societies, provided each is able to evolve, innovate and ultimately embrace the change set forth by deep, powerful demographic trends. Ezrati's mastery of demographic analysis offers insight into macro issues that people care about most, and Thirty Tomorrows delivers it in fluid, compelling style.
2 of 2 people found the following review helpful.
Practical view of forward looking trends that will impact life decisions
By Laurie Hesketh
Contrary to the more popular (and more prevalent) short-term economic analysis, Thirty Tomorrows tackles the more difficult topic of the long view. The book expands on trends that will significantly impact careers, families, savings and job prospects into future generations. I found Ezrati’s underlying optimism to be refreshing and his advice for where we should look for growth and opportunity practical. Thirty Tomorrows was an easy (doesn’t assume you need to be an economist to understand) and thought-provoking read.
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