Economy
How the Rise of the Developing World Will Help Americans
In his new book, Philip Auerswald argues the economic crisis will eventually give way to unparalleled global growth.
The Coming Prosperity, Philip Auerswald, a professor at George Mason University's School of Public Policy, brings a message of hope and optimism to the ongoing debate over economic growth and prosperity.
Where others see the U.S. economy being overtaken by China and falling victim to long-run decline and economic stagnation, Auerswald argues that the world as a whole is on the verge of a new period of unparalleled prosperity. Powerful new technologies, new industries, and new modes of connecting to the global economy, Auerswald says, will spread wealth and well-being from the "advanced" nations to billions more people from China, India, and Brazil to emerging economies across the world.