The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Infl

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The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Infl

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Author :   Charles Goodhart
Publisher :   Springer Nature Switzerland AG
Published :   09/08/2020
ISBN :   9783030426569
Format :   Hardback
Pages :   260
Size (mm) :   235x155x22
Weight (g) :   542

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... Read more
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.