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Connected: 24 Hours in the Global Economy [Paperback]

Daniel Altman
3.9 out of 5 stars  See all reviews (10 customer reviews)

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Book Description

September 2, 2008 031242809X 978-0312428099 First Edition

In the span of one day, how does the world do business?

In Connected: 24 Hours in the Global Economy, journalist and economist Daniel Altman answers this question by visiting more than a dozen cities around the world and tracing the threads of our ever-changing, ever-integrating economic fabric. Readers travel to Syria, where the president wants to launch his country's first stock market; to Brazil, where a corruption scandal is brushed under the rug in the name of economic stability; to East Timor, where a new nation grapples with its impending oil wealth. Altman diagrams all the gears and cogs, showing how they fit together in the vast machinery of the global economy--all in the events of a single day. Connected: 24 Hours in the Global Economy is a new and accessible way to look at our complex world.

Editorial Reviews

From Publishers Weekly

Altman's overview of the world's economic workings is useful and informative, though surprisingly dutiful considering the author's promise of a "whirlwind tour." Moving briskly between topics—pegged to an hour-by-hour timeline gimmick—he discusses many concepts: exchange rates, trade deficits, international deals, currency markets, corruption, financial derivatives, technological innovation, the importance of oil. While addressing the outsized role of the U.S., Altman offers valuable glimpses of key foreign economies and leaves us with a solid understanding of how they fit into "the world trading system." "If you want to cope with connectedness," journalist Altman writes, "you have to be as connected as you can—in other words, you have to pay attention to what's happening in the rest of the world." Granted, anyone who's already paying attention will find much of the book's information somewhat remedial. And Altman's attitude toward globalization is so studiously evenhanded and argument-free that the reader may long for the glossy zeal of an advocate like Thomas Friedman or a detractor like Lou Dobbs. Still, as global macroeconomic primers go, this is a quick read that reminds us that we're all in this together—and that many of us have an awful lot to learn to keep up with the global economy. (May 1)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.


"Instead of the usual heavy and indigestible fare, Daniel Altman cleverly serves bite-sized, tasty portions of economic insight that will leave readers hungry for more."--Sylvia Nasar, author of A Beautiful Mind

"Altman's easy narration, merged with a few well-researched anecdotes, can offer that winning combination sought by all writers of popular economics, a succinct overview of the well-known with an original, intellectually stimulating point."--Mario Pisani, Financial Times

"Altman gives us a revealing view from the trenches."--Time

"Clever . . . [Altman] eschews straightforward narrative, favoring zoom-in, zoom-out impressions and lengthy quotations from a kaleidoscope of people."--Stephen Kotkin, The New York Times


Product Details

  • Paperback: 304 pages
  • Publisher: Picador; First Edition edition (September 2, 2008)
  • Language: English
  • ISBN-10: 031242809X
  • ISBN-13: 978-0312428099
  • Product Dimensions: 8.3 x 6.3 x 0.8 inches
  • Shipping Weight: 10.4 ounces (View shipping rates and policies)
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Best Sellers Rank: #2,757,076 in Books (See Top 100 in Books)

More About the Author

I've dedicated my life to raising living standards around the world, and part of that is helping people to understand the global economy and plan for the future. For me, the most important tools in economics are also the most basic ones. I think it's important to bring the power of those tools to as wide an audience as possible.

I hope you'll enjoy my books and feel free to interact with me via my Twitter feed (@altmandaniel), Facebook page, and personal web page ( I find that what I learn from my readers can take my own thinking and research in unexpected directions, which is often the most exciting part of what I do. Best regards, and thanks for reading!

Customer Reviews

3.9 out of 5 stars
3.9 out of 5 stars
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Most Helpful Customer Reviews
8 of 8 people found the following review helpful
This is the penultimate insiders view of the world economy as Altman ( a serious business journalist with a PhD.), lets you peek inside the worlds of a dozen decision maker/influencers/ordinary people in many countries, in the same24 hr period. Fascinating and much more insightful than The World is Flat. I can never read the world business news the same way again. It caused me to renew my online The Economist subscription. I appreciated the inside views on currency exchanges, credit and inflation. The story of Haier in China - delightful vignettes. I had forgotten how much Japan lacked competition until pointed out by Altman. The background on why the US will continue to force its dollar lower is worth the book price. The story about the plight of Chinese peasants really pulls at your gut. A must read, it is topical, thought provoking and appropriate for our market planning.
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3 of 3 people found the following review helpful
4.0 out of 5 stars You do the Thinking: Lessons on Global Economics November 10, 2007
By now, we all know that "The World is Flat", and globalization (whatever that really means), is a fact, like it or not. But do we really understand global connections? In this interesting production of 14 magazine formatted articles - interjected with educational pieces on credit markets and currency, world stock markets, and oil's economic importance - economic writer, Daniel Altman asks the reader to do some thinking about how the global economics work. Altman asks 14 different questions with regard to global economics, and then does some educating on the subject using real time (15 June 2005) situations to argue both sides of the question.

If you are interested in, "Who really controls the world's money supply?" or, "Is immigration a luxury or a necessity?" then you will find this book of interest. Altman does not attempt to connect the dots for you, but the questions and the stories should give you `food for thought' about the development of our global economy. As the book is constructed using an article format, it is an easy read, even if the subjects are a bit on the `heavy' side. If you are a fan of The Economist magazine, this is a book for you.

Dennis DeWilde, author of
"The Performance Connection"
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6 of 8 people found the following review helpful
The author is a journalist with a doctorate in economics from Harvard. He's written a nice book on the global economy. It's a fun read, and an easy read. Some will agree with him. While some won't. But at least the book gets one thinking.

Besides blurbs on credit markets & currency, stock markets, and oil, the book has 14 chapters as follows:

1. When does working together really work?

2. Can governments make global markets more competitive?

3. Do multinational companies bring progress or problems abroad?

4. What determines the global economic pecking order?

5. Who really controls the world's money supply?

6. What does corruption cost?

7. How important are financial markets to economic growth?

8. Is the financial system becoming more vulnerable to the actions of a few?

9. Which comes first, political or economic stability?

10. Can the United States set the global economy's rules?

11. Is immigration a luxury or a necessity?

12. Does it help the economy when ideas have owners?

13. Can a poor country get rich too quickly?

14. Do disruptive shocks help the economy in the long term?

I can't say I had a favorite chapter. And I agreed with some of the thoughts and disagreed with others. But I enjoyed reading the stories included. 4 stars!
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1 of 1 people found the following review helpful
3.0 out of 5 stars A bit too dry, but solid in the fundamentals December 15, 2010
Format:Paperback|Verified Purchase
This is a pretty dry "audio" (I "read" the unabridged audiobook) presentation of 24 hours in the global economy. The material itself is technically solid, interesting to the economically minded, and has more than enough detail and explanation to allow the reader to see the interaction among all of the various elements of the global economy, as well as get an appreciation for the size and complexity of what happens on one given day (June 15). The downside is that the material isn't particularly engaging. Probably a read (or listen) appropriate to the econophile or business junkie who wants to appreciate the complexities of the global economy. However, if this isn't your bag of beans, the approach here won't really turn you on to the subject.
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1 of 1 people found the following review helpful
4.0 out of 5 stars snack sized global econ December 17, 2007
A quick enjoyable read that rides the global economic rollercoaster. The book is more of collection of stories and light theory loosely tied together under the rubric of economic globalization. It is heavier than most media pieces but much much lighter than any work on economic theory.

I found it to be a great little book for people who always wondered about global economic theory and trends, but not enough to grind through the real heavy academic tomes on the subject. The book avoids the "politics" of globalization, but I am sure that those who are anti-globalization will fault the book for not being anti-globalization enough.

The author never claims to be writing "the" book on globalization, instead it is a snapshot of one day and it definitely shows how fast paced and never-ending today's global economy really is.
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