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CREATING WEALTH

THE NEW RULES FOR INDIVIDUALS, COMPANIES AND COUNTRIES IN A KNOWLEDGE-BASED ECONOMY

Lester Thurow

"...readable and stimulating... Thurow writes interestingly about the attitudes that breed entrepreneurialism in some countries and not others."
Director

As we stand at the start of the new millennium, MIT economist Lester Thurow addresses the critical issue of wealth creation.The result is an essential road map for navigating the new routes to success in a knowledge-based global economy.

Breakthrough technologies are fundamentally changing the game of creating wealth. New industries such as software and gene therapy are growing rapidly, while more traditional businesses are transforming beyond recognition. A new global economy is emerging to replace existing national economies.

• What skills are needed to succeed in this new economy?
• What new rules must apply to the creation and protection of new ideas?
• How can marketable wealth be rising while productivity growth is slowing?
• How can nations create a system in which the entrepreneurial spirit can flourish without creating inequalities?
• Is the unprecedented growth of the US economy sustainable?
• Will the forces that sparked the Asian meltdown provoke a more persistent era of stagnation or worse?

Success requires new forms of social organization and entrepreneurs who challenge old systems to invent new industries and remake old ones. It requires different and substantially enhanced skill sets, new investments in tools, and an understanding of how new technologies can be used to augment natural and environment resources.

Lester Thurow is a leading world expert on economic issues and an important shaping voice in US economic policy. He is the author of four best-selling books including Head to Head and The Zero-Sum Society and is a regular contributor to Newsweek. Professor of Management and Economics at Massachusetts Institute of Technology and a former Dean of MIT's Sloan School of Management, he has been hailed by the Financial Times as 'one of the sharpest intelligences currently dissecting US economy policy.'