The Great Demographic Reversal Book Reviews
The Great Demographic Reversal by Charles Goodhart & Manoj Pradhan Book Summary
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.
Book Name | The Great Demographic Reversal |
Genre | Business & Personal Finance |
Author | Charles Goodhart & Manoj Pradhan |
Published | 08 August 2020, Saturday |
Language | English |
E-Book Size | 22.4 MB |
The Great Demographic Reversal (Charles Goodhart & Manoj Pradhan) Book Reviews 2024
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Summary of The Great Demographic Reversal by Charles Goodhart & Manoj Pradhan
The The Great Demographic Reversal book written by Charles Goodhart & Manoj Pradhan was published on 08 August 2020, Saturday in the Business & Personal Finance category. A total of 21 readers of the book gave the book 4 points out of 5.
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