9783030426569-3030426564-The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival

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

ISBN-13: 9783030426569
ISBN-10: 3030426564
Edition: 1st ed. 2020
Author: Goodhart, Charles, Pradhan, Manoj
Publication date: 2020
Publisher: Palgrave Macmillan
Format: Hardcover 280 pages
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Book details

ISBN-13: 9783030426569
ISBN-10: 3030426564
Edition: 1st ed. 2020
Author: Goodhart, Charles, Pradhan, Manoj
Publication date: 2020
Publisher: Palgrave Macmillan
Format: Hardcover 280 pages

Summary

Acknowledged authors Goodhart, Charles, Pradhan, Manoj wrote The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival comprising 280 pages back in 2020. Textbook and eTextbook are published under ISBN 3030426564 and 9783030426569. Since then The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival textbook was available to sell back to BooksRun online for the top buyback price of $ 4.04 or rent at the marketplace.

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 may be going.


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