The tide of money washing in from emerging nations has already fuelled the recent property bubble in the West, while new patterns of trade have left the West increasingly dependent on risky financial services. Unless things change drastically, King argues, the increasing power of emerging markets, when coupledwith poor internal regulation and an increasingly anachronistic system of global governance, will result in greater instability and income inequality, accompanied by the risk of a major dollar decline. And as Western populations age and emerging economies develop further, the social and political consequences may be alarming to citizens who have grown accustomed to living in prosperity.
- ISBN: 978-0-300-15432-0
- Editorial: Yale University
- Encuadernacion: Cartoné
- Páginas: 304
- Fecha Publicación: 28/05/2010
- Nº Volúmenes: 1
- Idioma: Inglés