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.
