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Product Review: The Great Demographic Reversal

I recently had the opportunity to read the book The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival and I must say that it was an eye-opening experience. The author provides a comprehensive analysis of the current demographic shifts happening around the world and how they will impact our society in the coming years.

Pros

• The book is well-researched and backed by extensive data, making the arguments presented more compelling and convincing.
• The author’s writing style is engaging, making complex concepts accessible to readers of all backgrounds.
• The book offers a fresh perspective on the topic, challenging conventional wisdom and providing new insights.
• The inclusion of real-world examples and case studies helps to illustrate the author’s points effectively.

Cons

• Some readers may find the book’s content to be a bit dense and require a certain level of prior knowledge on economics and demography.
• At times, the book can feel repetitive, reiterating certain ideas multiple times.
• The author’s predictions about the future may be seen as speculative by some, given the complexity of the subject matter.

Conclusion

Overall, The Great Demographic Reversal is a thought-provoking book that sheds light on the profound transformations our societies are undergoing due to demographic changes. It provides a compelling argument for the potential benefits and challenges associated with ageing populations, waning inequality, and possible inflation revival. Although it may require some effort to fully grasp the concepts, the reward is a deeper understanding of the forces shaping our world.

FAQs

Q: Does this book provide solutions to address the challenges of ageing societies?

A: While the book does not provide concrete solutions, it offers valuable insights that can inform policymakers and individuals on potential strategies to navigate the challenges posed by ageing societies.

Q: Is this book suitable for readers without a background in economics?

A: Yes, the author succeeds in explaining complex economic concepts in a way that is accessible to readers from various backgrounds. However, some prior knowledge of economics may enhance the understanding of certain arguments.

Q: How relevant is this book for readers outside of academia?

A: This book is highly relevant to anyone interested in understanding the societal impacts of demographic shifts. It presents a compelling analysis that goes beyond academic circles and provides insights that can be applied to our daily lives.

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.

Publisher ‏ : ‎ Palgrave Macmillan; 1st ed. 2020 edition (9 Aug. 2020)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 280 pages
ISBN-10 ‏ : ‎ 3030426564
ISBN-13 ‏ : ‎ 978-3030426569
Dimensions ‏ : ‎ 23.9 x 16 x 2.5 cm

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