The New Wealth of Nations

Business & Finance, Finance & Investing, Finance, Economics
Cover of the book The New Wealth of Nations by Surjit S. Bhalla, S&S India
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Surjit S. Bhalla ISBN: 9789386797032
Publisher: S&S India Publication: November 23, 2017
Imprint: S&S India Language: English
Author: Surjit S. Bhalla
ISBN: 9789386797032
Publisher: S&S India
Publication: November 23, 2017
Imprint: S&S India
Language: English

The emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the world’s middle class resides in the erstwhile poor countries; world income inequality is down to levels last observed in 1870; and there has been a large reduction in absolute poverty. What accounts for such rapid development and catch-up? Distinguished economist Surjit S. Bhalla’s The New Wealth of Nations offers a short answer—the spread of education.
    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 lowers employment costs—is also why world inflation has been low, and declining, for nearly twenty years.
    Here is a book that breaks new ground. Besides identifying the fallacies in anti-globalization rhetoric—voiced by Brexit and Trump supporters—it points out a major lacuna in current attempts to measure wealth inequality. Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, Bhalla emphatically reminds us that education is the new wealth, and is, in fact, currently of a greater magnitude than financial wealth, and much more equally distributed.
    Even while acknowledging the giant strides made by the developing world, The New Wealth of Nations investigates the downsides to the explosion of education and technology, and why countries, rich and emerging, will have to explore options like basic income and negative income tax, so that a new welfare order, appropriate for the changed—and changing—21st century can emerge.

* Surjit S. Bhalla has been recently appointed as a member of PM Modi’s Economic Advisory Council, and his new work is a ground-breaking achievement that argues for a new welfare order across nations which is better suited for the constantly transforming time we live in.
* Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, noted economist Surjit S. Bhalla establishes in his latest book that education is the new wealth of nations.
* This book offers insights into the definitions of the poor, the middle class, and the rich, while relating each of these to advances in schooling attainment. It explores the economic reasons behind the political success of globalization in the Western world till the early 2000s, and now its fall from grace in these same countries as notably evidenced by Brexit and the rise of Donald Trump.
 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The emerging world was poor and illiterate just forty years ago. Today, over 70 per cent of the world’s middle class resides in the erstwhile poor countries; world income inequality is down to levels last observed in 1870; and there has been a large reduction in absolute poverty. What accounts for such rapid development and catch-up? Distinguished economist Surjit S. Bhalla’s The New Wealth of Nations offers a short answer—the spread of education.
    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 lowers employment costs—is also why world inflation has been low, and declining, for nearly twenty years.
    Here is a book that breaks new ground. Besides identifying the fallacies in anti-globalization rhetoric—voiced by Brexit and Trump supporters—it points out a major lacuna in current attempts to measure wealth inequality. Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, Bhalla emphatically reminds us that education is the new wealth, and is, in fact, currently of a greater magnitude than financial wealth, and much more equally distributed.
    Even while acknowledging the giant strides made by the developing world, The New Wealth of Nations investigates the downsides to the explosion of education and technology, and why countries, rich and emerging, will have to explore options like basic income and negative income tax, so that a new welfare order, appropriate for the changed—and changing—21st century can emerge.

* Surjit S. Bhalla has been recently appointed as a member of PM Modi’s Economic Advisory Council, and his new work is a ground-breaking achievement that argues for a new welfare order across nations which is better suited for the constantly transforming time we live in.
* Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, noted economist Surjit S. Bhalla establishes in his latest book that education is the new wealth of nations.
* This book offers insights into the definitions of the poor, the middle class, and the rich, while relating each of these to advances in schooling attainment. It explores the economic reasons behind the political success of globalization in the Western world till the early 2000s, and now its fall from grace in these same countries as notably evidenced by Brexit and the rise of Donald Trump.
 

More books from Economics

Cover of the book Innovation, Product Development and Commercialization by Surjit S. Bhalla
Cover of the book Escaping Oz: An Observer's Reflections by Surjit S. Bhalla
Cover of the book International Science and Technology Education by Surjit S. Bhalla
Cover of the book History of the Anti-corn Law League by Surjit S. Bhalla
Cover of the book An Economic History of Nineteenth-Century Europe by Surjit S. Bhalla
Cover of the book Ethereum: How to Make Money with Ethereum - The Investor’s Guide to Ethereum Mining, Ethereum Trading, Blockchain and Smart Contracts by Surjit S. Bhalla
Cover of the book Cultural Autonomy in Contemporary Europe by Surjit S. Bhalla
Cover of the book State Employment Policy in Hard Times by Surjit S. Bhalla
Cover of the book North Africa by Surjit S. Bhalla
Cover of the book Vietnam by Surjit S. Bhalla
Cover of the book Au bord du gouffre? by Surjit S. Bhalla
Cover of the book Summary: Investing Without A Silver Spoon - Jeff Fischer by Surjit S. Bhalla
Cover of the book Das Öl, die Macht und Zeichen der Hoffnung by Surjit S. Bhalla
Cover of the book Illustrated Building Pocket Book by Surjit S. Bhalla
Cover of the book Dalla crisi dell’Euro al rilancio dell’economia locale by Surjit S. Bhalla
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy