Unspeakable Truths: Is Transforming Transportation a Key to Solving America’s Economic Crisis? – 2009
The financial meltdown of 2008 has saddled us with an economic crisis that’s changed our world in some drastic and significant ways since Professor Giglio’s three previous books on transportation were published beginning in 2005. In this new book, Professor Giglio argues that our thinking about transforming transportation in America must evolve to reflect these changes. To help us understand why, his book begins by reviewing how the current economic crisis came about and what impact it’s likely to have on critical aspects of life in America, especially transportation. He provides clear, detailed explanations of the Great Financial Meltdown of 2008, the whys and wherefores of subjects like Oil Price Volatility, the Crazy World of Financial Derivatives, and the Housing and Mortgage Mess, plus the down-and-dirty realities of Markets in the 21st Century. Finally, he explores some of the things we’ll have to do to Make It Big in the much-changed world of the 21st Century, like transforming our transportation systems into Serious Economic Growth Generators. And he does all this in a clear, reader-friendly style that avoids the eye-glazing abstractions of standard academic prose so typical of most books on these subjects. This makes the book an enjoyable, page-turning read for busy people.
In a radical departure from his previous books, Joe Giglio uses the techniques of popular fiction to dramatize how America s transportation system can be transformed into a vigorous engine for economic growth and to make clear that our ability to meet the challenges of an increasingly competitive global economy depend on this transformation. The book recounts the conversations of two brilliant but self-confessed rogues: a disgraced journalist from Bedford-Stuyvesant trying to rehabilitate his career, and a Wall Street star and Talmudic scholar in prison for Securities Fraud. They explore how the Scarlet Woman of Capitalism can be seduced into financing and managing transportation systems that make money while providing better mobility for the American public. They suggest how government officials can control this process by remembering that saints don t always have to be dumber than sinners. And they look at how a generally clueless public (and its elected representatives) can be conned into acting responsibly for a change to assure the country a prosperous future . Funny, irreverent, and clear-eyed, the book gives today s savvy readers a refreshing dose of real-world insights into creating a New Covenant on transportation between the federal government, state and local governments, and private enterprise that will not simply repair a broken transportation system, but will turn it into a crucial generator of economic growth.
“Driving Questions” is an important investigation into the planning and implementation of America s transportation system. Giglio identifies the interests and agendas of the current transportation debate, and points to strategic ways in which America can solve its infrastructure crisis.
More than ever, today’s economy depends on the capacity of our transportation infrastructure. Hudson Institute’s recently released book, Mobility: America’s Transportation Mess and How to Fix It, explores the threat to economic growth posed by the state of surface transportation financing and management—and offers concrete solutions to improve infrastructure. Mobility is written by Joseph M. Giglio, professor of strategic management at Northeastern University’s Graduate School of Business, the noted pioneer in creative financing for transportation needs who chaired President Reagan’s National Commission on Public Works Improvement. Mobility analyzes solutions for financing, managing and accelerating the introduction of technology into the nation’s surface transportation system. Rather than isolating various transportation modes as silos, Giglio suggests a new, integrated approach, using technology to offer customers greater choices—and solutions
Mobility is written in an accessible style, designed for both the lay person and policy experts—a must-read for anyone trying to move America’s transportation forward.