Thursday , December 3 2020
Home / Bruegel Think Thank / Demography and globalisation: reversing trends

Demography and globalisation: reversing trends

Summary:
A conversation on ageing societies, waning inequality, as well as an inflation revival. In this episode of The Sound of Economics, we invite Charles Goodhart and Manoj Pradhan to talk about their most recent book: ‘The Great Demographic Reversal’. They argue that trends in demography and globalisation, especially the stunning rise of China combining both, have greatly weakened labour bargaining power and led to subsequent disinflation, inequality and falling interest rates. But just as these demographic and globalisation trends are now reversing, labour bargaining power will rise again, bringing with it more inflation, less inequality and rising interest rates. The coronavirus pandemic will only accelerate this reversal. Bruegel scholars Maria Demertzis and Guntram Wolff join the authors

Topics:
The Sound of Economics considers the following as important: , , , , ,

This could be interesting, too:

Jean Pisani-Ferry writes Grading the big pandemic test

Alicia García-Herrero and David Martínez Turégano writes Europe is losing competitiveness in global value chains while China surges

Uri Dadush writes The impact of the new Asian trade mega-deal on the European Union

The Sound of Economics writes Sizing up the world’s largest trade deal

A conversation on ageing societies, waning inequality, as well as an inflation revival.

In this episode of The Sound of Economics, we invite Charles Goodhart and Manoj Pradhan to talk about their most recent book: ‘The Great Demographic Reversal’. They argue that trends in demography and globalisation, especially the stunning rise of China combining both, have greatly weakened labour bargaining power and led to subsequent disinflation, inequality and falling interest rates. But just as these demographic and globalisation trends are now reversing, labour bargaining power will rise again, bringing with it more inflation, less inequality and rising interest rates. The coronavirus pandemic will only accelerate this reversal.

Bruegel scholars Maria Demertzis and Guntram Wolff join the authors for a conversation on ageing societies, waning inequality, as well as an inflation revival.

Sound Money Economics System was a fringe political party in Manitoba, Canada, during the provincial election of 1941.

Leave a Reply

Your email address will not be published. Required fields are marked *