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Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live Hardcover – April 8, 2014

4.3 out of 5 stars 17 customer reviews

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Editorial Reviews

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.
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Product Details

  • Hardcover: 352 pages
  • Publisher: Thomas Dunne Books (April 8, 2014)
  • Language: English
  • ISBN-10: 1250042550
  • ISBN-13: 978-1250042552
  • Product Dimensions: 6.3 x 1.3 x 9.4 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (17 customer reviews)
  • Amazon Best Sellers Rank: #1,039,627 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover Verified Purchase
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.
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Format: Hardcover
Thirty Tomorrows does for demographics what Friedman's "The World is Flat" did for globalization. Ezrati's analysis and perspective bring understanding to a phenomenon that has long-lasting social and investment consequences. The book presents a great baseline of the problems demographics will create, proposes both possible and probable solutions and the political, economic and social costs of those solutions. An empowering read.`
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Format: Hardcover Verified Purchase
I would recommend this book to every Gen X-er. Milton talks about a lot about much that is in the media these days. But more importantly, he talks about how the economy is going to change, where the jobs will be and where they won’t be. It will help anybody chart their professional course.
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Format: Hardcover Verified Purchase
This book is like being given a lantern on the future. Ezrati illuminates the pressing issues currently facing in particular the United States, and with clarity he offers a nonpartisan perspective on demographics and globalization and how they will affect the nation for decades to come. Anyone with a concerned interest in the well-being of our country would be better informed by reading "Thirty Tomorrows."
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Format: Kindle Edition Verified Purchase
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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Format: Hardcover
Ezrati addresses in a very readable manner the key issue for potential economic growth in many countries--demographics. Importantly, this is not a "Doomsday" book indicating that we should all sit back and plan for life after the "tipping point" has been reached. Rather, it highlights policies and approaches, social, cultural and economic that will enable the U.S. and other mature nations to deal with the effect of aging populations and continue to be competitive and hence prosperous in the changing global economic environment.
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Format: Hardcover
Thirty Tomorrows starts with well-known, bearish demographic facts and then demonstrates that the outlook is actually bullish. Milton Erzati is an economist who does an excellent job summarizing the challenges the global economy faces. Any economic data series can be presented on a chart and as Erzati points out, it can be used to develop a forecast but the right side of the chart (the future) is uncertain and is likely to provide upside surprises. That’s an important point that is often overlooked. Many forecasts consider downside surprises but the upside surprises are often overlooked although they are usually just as likely to occur.

Erzati’s work is interesting and important to an understanding of the future investing environment. There will be broad global changes in market leadership. Demographic data and policy decisions will offer insights into the sustainability of trends as they emerge. Traders who understand these trends could be on the right side of decades-long trends, the type that defined the U.S. markets from 1982 to 2000.
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Format: Hardcover
I saw Ezrati speak recently, and he brought order to what had been much confusion about the investment outlook. With this book, he has taken a complicated, opaque subject and made it clear and understandable. The treatment here proves yet again that there are always opportunities in challenges, in this case from aging demographics.
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