Brave New Wealthy World

Brave New Wealthy World : Winning the Struggle for Global Prosperity

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In Brave New Wealthy World, leading capital markets expert John C. Edmundsargues that global economic conditions are improving, and that the benefits ofeconomic growth will reach virtually everyone on earth--including billions whohave been left behind until now. Edmunds identifies the key mechanisms thatwill deliver these benefits: the modernization of defective national financialsystems, and securitization: the transformation of illiquid assets into securitiesthat can be traded at will amongst investors anywhere on Earth. He alsoprojects significant improvements in services-based job creation linked tochanging population trends, as well as enhanced rates of return on cross-borderinvestment in emerging markets. Edmunds describes viable new structures forinvestment in poor countries, and proposes a new symbiotic relationshipbetween rich and poor countries that offers powerful benefits to both. WhileEdmunds doesn't expect wealth disparities or boom/bust cycles to disappear,he demonstrates that today's international financial arrangements are deliveringunprecedented prosperity and well-being--and spreading their benefits far morewidely than critics ever thought possible.show more

Product details

  • Hardback | 256 pages
  • 132.1 x 214.9 x 23.9mm | 589.68g
  • Pearson Professional Education
  • FINANCIAL TIMES PRENTICE HALL
  • Harlow, United Kingdom
  • English
  • 0130381608
  • 9780130381606

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