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

Are you curious about the future of the global economy? The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival provides a thought-provoking perspective on the forces of demography and globalisation. This book argues that these forces will soon reverse three major global trends, leading to a rise in inflation and interest rates, but also a decrease in inequality. Prepare for a future that is nothing like the past!

For the past three decades, deflationary headwinds have dominated the global economy. However, the authors of this book reveal that these headwinds are about to change. The world’s available labor supply, which has been growing rapidly thanks to demographic trends and the inclusion of China and Eastern Europe in the global trading system, is expected to decline. This, coupled with a retreat from globalisation, will have far-reaching consequences.

One of the major outcomes of this demographic reversal is the impact on inflation and interest rates. As the world population ages, inflation and interest rates are projected to rise. This poses a plethora of challenges for the heavily indebted world economy. However, there is a silver lining. The authors predict that this reversal will also contribute to a decrease in inequality. With an increase in the share of labor, we can expect to see a more equitable distribution of wealth.

The Great Demographic Reversal covers a wide range of topics, from social and political factors to macroeconomics. It delves into the implications of aging, dementia, inequality, populism, retirement, and debt finance, among other important issues. Whether you are an economist, a policy-maker, or simply someone fascinated by the direction of the global economy, this book offers valuable insights that are both accessible and compelling.

Discover the future that awaits us by reading The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival today. It is a must-read for anyone who wants to understand where the world economy is headed and how it will impact our lives. Embrace the uncertainty and gain a deeper understanding of the forces that shape our financial future. Get your copy now!