When the Money Runs Out: The End of Western Affluence - Softcover

King, Stephen D.

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9780300197952: When the Money Runs Out: The End of Western Affluence

Synopsis

The Western world has experienced extraordinary economic progress throughout the last six decades. But such an era of continuously rising living standards is an historical anomaly, economist Stephen D. King warns, and the current stagnation of Western economies threatens to reach crisis proportions in the not-so-distant future.

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Book Description

An eminent economist warns that Western nations’ economic expectations for the future are way out of sync with the realities of economic stagnation, and stringent steps will be required to avoid massive political and economic upheaval.

About the Author

Stephen D. King is Group Chief Economist and Global Head of Economics and Asset Allocation research at HSBC. He is a member of the UK government's Asia Task Force and writes regularly for the Financial Times and The Times. He lives in London.

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