Deep Factors Shaping the Global Economy
FEBRUARY 2, 2011
Instead of focusing on moment–by-moment market predictions, author Daniel Altman, looks at deeper, underlying economic factors that we frequently overlook in the short-term view. And it is the deep factors matter the most says Altman. With corruption, lack of a first-rate technology infrastructure, resistance to start-up businesses, and an aging population, average incomes in China will grow at lower rates than in the U.S.