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Book Cover
Author Edmunds, John C., 1947-

Title Brave new wealthy world : winning the struggle for world prosperity / John C. Edmunds
Published Upper Saddle River, N.J. ; London : Prentice Hall, [2003]
Upper Saddle River, N.J. : Prentice Hall, [2003]


Location Call no. Vol. Availability
 W'PONDS  330.16 Edm/Bnw  AVAILABLE
Description xxii, 226 pages ; 24 cm
Contents Machine derived contents note: chapter 1 A New Force and the Race to Harness It -- Securitization -- Does Securitization Create Value? -- National Financial Systems -- National Financial Systems as Engines of Growth -- Asset Booms Contrasted with Bubbles -- A Fully Securitized Country Contrasted -- with a Completely Unsecuritized Country -- Implementing a Finance-Driven Growth Strategy -- Competition to Harness the Power of Securitization -- Origins of the Pressure to Harness the New Force -- Favorable Conditions for the Securitization-Driven -- Growth Strategy -- -- chapter 2 An Idea Germinates -- A Belief Grounded in Early Experiences -- The Campaign to Raise Market Values Gets -- Underway -- -- -- -- -- -- chapter 3 Three Booms and How They Ended -- -- chapter 4 Financial Assets: Catalysts of World -- Prosperity -- Shining the Spotlight on Financial Infrastructure -- Growth Pattern of United States Financial Wealth -- 1960-1980 -- Growth of U.S. Financial Wealth Takes Off -- 1980-2000 -- Conclusion -- -- chapter 5 Three Defective National Financial -- Systems and Attributes of a Better One -- The Era of Financial Assets Begins -- Built to Fall Down -- Two Tasks -- Deliver Us from Temptation -- Transmitting Pressure to Perform -- Conclusion -- -- chapter 6 Is It Workable for Everyone to Invest -- in the United States? -- Yields on U.S. Financial Investments Take Off -- Priorities Shift to Raising Returns on Financial -- Assets -- Americans Raise Their Aspirations -- The New Mechanism for Creating Wealth -- in the United States -- An Upper Limit to the Financial Wealth-Creation -- Process in the United States? -- Breaking the Upper Limit to the Financial Wealth -- Creation Process -- Emerging Countries as Sources of Raw Material for -- Securitization -- Reforming National Financial Systems in the -- Emerging Countries -- Conclusion and Implications -- -- -- -- chapter 7 Structuring Viable Ways to Invest -- in Poor Countries -- Recycling Risk-Tolerant Capital -- The Nicaraguan Flour Mill -- The Blue Jeans Factory -- Design Defects -- The Philippine Generating Plants -- No Design Defects? -- A Better Design -- Potential Gains from Better Design -- The Cost of Defective Design -- Pressure for Better Design -- Conclusion -- -- chapter 8 Population and Wealth -- The Controversy: Slowdown to Zero Population -- Growth? -- Implications of the Population Slowdown -- Causes of the Slowdown -- Scenarios of Population and Wealth -- -- chapter 9 Rising Wealth and the Impending -- Labor Shortage -- Wealth and Demand for Services -- Spending from Wealth -- Prospects for a U.S. Labor Shortage -- The Distribution of Wealth and the Propensity -- to Spend New Wealth -- Spending from Wealth and Job Creation -- An Impending Labor Shortage, Or a Mirage? -- Conclusion -- -- chapter 10 Wealth Concentration and Diffusion -- Improvement in the Distribution of Income -- A New Role for Poor People in the World Economy -- The New Symbiotic Relationship between Rich -- Countries and Poor Countries -- Details and Difficulties of the Symbiotic -- Relationship -- Implementing the Proposed Solution -- -- -- -- -- -- -- The Coming Shortage of Buyers in the Rich -- Countries -- Savers in Poor Countries Rescue Rich Retirees? -- International Diversification for Everyone -- The Main Prosperity Diffusion Scenario -- Feasibility of the Main Prosperity Diffusion -- Scenario -- A More Grandiose Prosperity Diffusion Scenario -- Conclusion -- -- chapter 11 Conclusion and Implications -- Implications for Investors -- A Happy Ending -- -- Endnotes -- -- Index
Summary "Brave New Wealthy World demonstrates how today's international financial systems are spreading prosperity and well-being more widely than ever before - and what it will take to spread the wealth to virtually every corner of the Earth." "John C. Edmunds proposes a new symbiotic relationship between rich and poor countries that offers powerful benefits to both. He demonstrates why "first world" investors will increasingly depend upon growth in emerging economies to achieve the returns they need and offers a blueprint for transforming emerging nations' financial systems into powerful drivers of economic growth." "This book cuts through the conventional wisdom and ideologies that hide the true implications of globalization - and reveals a pragmatic path to a hopeful future."--BOOK JACKET
Bibliography Includes bibliographical references (pages 207-213) and index
Notes Available also in a print edition
Mode of access: World Wide Web
Issuing Body Made available through: Safari Books Online, LLC
Subject Wealth.
Economic development.
Author Safari Books Online (Firm)
LC no. 2003048804
ISBN 0130381608 :