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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...
Please note: This is a companion version & not the original book. Sample Book Insights: #1 China’s contribution to global disinflation of the last 35 years and its coming reversal needs to be understood through the lens of history and an understanding of its growth model in the global context. #2 China’s ascent can be traced back to three events and periods. The first was reforms to agriculture in 1978, which led to the creation of special economic zones where foreign investment was allowed. In the second phase, privatisation of state-owned enterprises began in 1992. #3 China’s economy grew greatly between the time it gained WTO membership and the global financial crisis, and it was able to use that growth to its advantage. It became a superpower in the world economy, and its position was cemented after the global financial crisis. #4 China’s aggressive response to the Great Financial Crisis was a major factor in preventing the collapse of the global economy. China’s credit growth surged in the early 90s and after the Great Financial Crisis, and was a major factor in buoying global growth, commodity prices, and emerging market economies.
About the Book Every success story has its price to pay. So did Shatrughan Sinha (SS) who achieved the impossible twice over. The youngest and the most pampered in a family of academics and doctors where four sons were named after the four brothers of the Ramayan, SS stood out defiantly different. He was born for applause and the limelight; he was besotted with Raj Kapoor and cinema. In the face of stiff opposition from disciplinarian father Bhuvaneshwar Prasad Sinha, mother Shyama Devi’s chhutka bauwa (little darling) set out for the Film Institute of India (now FTII) in Poona. Bombay was the next logical destination. Without Kapoorian good looks or any connection with the Hindi film indu...
This edited volume includes all papers presented at the 22nd International Conference on Mine Planning and Equipment Selection (MPES), Dresden, Germany, 2013. Mineral Resources are needed for almost all processes of modern life, whilst the mining industry is facing strict requirements regarding efficiency and sustainability. The research papers in this volume deal with the latest developments and research results in the fields of mining, machinery, automatization and environment protection.
Distributed systems intertwine with our everyday lives. The benefits and current shortcomings of the underpinning technologies are experienced by a wide range of people and their smart devices. With the rise of large-scale IoT and similar distributed systems, cloud bursting technologies, and partial outsourcing solutions, private entities are encouraged to increase their efficiency and offer unparalleled availability and reliability to their users. The Research Anthology on Architectures, Frameworks, and Integration Strategies for Distributed and Cloud Computing is a vital reference source that provides valuable insight into current and emergent research occurring within the field of distributed computing. It also presents architectures and service frameworks to achieve highly integrated distributed systems and solutions to integration and efficient management challenges faced by current and future distributed systems. Highlighting a range of topics such as data sharing, wireless sensor networks, and scalability, this multi-volume book is ideally designed for system administrators, integrators, designers, developers, researchers, academicians, and students.
A one-stop guide to transformer ageing, presenting industrially relevant state-of-the-art diagnostic techniques backed by extensive research data Offers a comprehensive coverage of transformer ageing topics including insulation materials, condition monitoring and diagnostic techniques Features chapters on smart transformer monitoring frameworks, transformer life estimation and biodegradable oil Highlights industrially relevant techniques adopted in electricity utilities, backed by extensive research
Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and social responsibility as central banks wake up to new realities