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At this event, Surjit Bhalla will be discussing from his recent book The New Wealth of Nations. He argues that today, over 70 per cent of the world’s middle class reside in the erstwhile poor countries; world income inequality is...
The implied savings estimates for India, derived from his calculations of income distribution, do not conform to any known model of savings behaviour
The world is on course for good growth, low inflation, lower taxation and increased income support for the needy. And yes – declining global inequality.
The very large increase in college graduates in the non-Western world, the growing educational achievements of women, and the radical change in gender roles is critical to the understanding of current-day mega-trends. Indeed, this unprecedented development—which creates competition globally and...
A new era of globalization, which began in the 1980s, brought about a significant decline in costs of transportation, communication, and production; considerably improved inter-country competitiveness; and broke down trade and cultural barriers among countries. The concept of a sovereign...