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The Great Demographic Reversal

By Charles Goodhart

Product Image: The Great Demographic Reversal

The Great Demographic Reversal

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Description
This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends - it will raise inflation and interest rates, but lead to a pullback in inequality. "Whatever the future holds", the authors argue, "it will be nothing like the past". Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world's available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world's trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the world's economy is going.
Product details
Edition:
1
Number of Pages:
280
Release Date:
2020-08-09
Publication Date:
2020-08-09
Publisher:
Springer-Verlag GmbH
Languages:
Original: English
ISBN10:
3030426564
ISBN13:
9783030426569
GPSR Manufacturer Reference:
[email protected]
Weight:
622 g
Height:
161 cm
Width:
241 cm
Thickness:
27 cm
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Very good
Almost no signs of wear. Book pages have no markings, accessories are intact and all other media are in good condition.
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