The Coming Prosperity: How Entrepreneurs Are Transforming the Global Economy

Hardcover | March 7, 2012

byPhilip Auerswald

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Over the next 25 years global economic growth will come overwhelmingly from previously poor countries like China, India, and Brazil. In rich countries this "rise of the rest" scenario strikes fear into the many observers who see as its primary consequence a dangerous combination ofunrestrained consumerism, unsustainable resource depletion, and an undoing of U.S. economic dominance. In The Coming Prosperity, Philip Auerswald acknowledges the gravity of these issues but argues that the inclusion of the majority of the world's population in the global economy is, first and foremost, a source of unprecedented opportunity. Auerswald asserts that entrepreneurship is the key tomaking the most of the epochal transition in the global economy that will take place in the next quarter century. Inventors, innovators, and the creators of new ventures are introducing new technologies and expanding the range of global knowledge networks at a remarkable pace. The ensuingopportunities are abundant - not only for residents of previously poor countries, but also for people in the United States and other advanced, industrialized nations. The book's rigorous analysis of economic and historical trends is enlivened by the stories of entrepreneurs making an outsize difference: people like Karim Khoja, who led the creation of the first mobile phone company in Afghanistan; Leila Janah, who is bringing "outsourced" computer work to refugeecamps; and Victoria Hale, whose non-profit pharmaceutical company turned an orphan drug into a cure for kala-azar (black fever), one of South Asia's most deadly diseases. Engagingly written and bracingly realistic about the positive prospects of our historical moment, The Coming Prosperity sees beyond the doomsday scenarios to find a multitude of new opportunities in the expanding global economy.

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Over the next 25 years global economic growth will come overwhelmingly from previously poor countries like China, India, and Brazil. In rich countries this "rise of the rest" scenario strikes fear into the many observers who see as its primary consequence a dangerous combination ofunrestrained consumerism, unsustainable resource deplet...

Philip Auerswald is an Associate Professor of Public Policy at George Mason University and a Senior Fellow at the Kauffman Foundation. He is also the Co-founder and Co-editor of Innovations, a quarterly journal about entrepreneurial and technological solutions to global challenges.

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Hardcover|Mar 2 2017

$27.51 online$30.95list price(save 11%)
Format:HardcoverDimensions:272 pages, 9.25 × 6.12 × 0.98 inPublished:March 7, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199795177

ISBN - 13:9780199795178

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Table of Contents

Introduction: The Time of Our LivesPart I: Strength in Numbers1. Car Trouble2. Demographic Dividends3. I'm So Bored With the PRC4. Positive InsurgenciesPart II: The Animating Element5. Mobilizing the Masses6. You Are What You Venture7. The Way of the Empty Hand8. Before Adam Smith9. What's Good for GMELPart III: Participatory Prosperity10. Time to be What Matters11. Collaborative Advantage12. From Passion to PurposePart IV: The Next America13. Fear Itself14. Left, RightELForward15. You Ain't Seen Nothin' Yet