The New Wealth of Nations
(Hardcover)

3 products added to cart in last 30 minutes
MRP: ₹599.00 | Saved: ₹277 (46%) ₹322.00 @ Amazon Last Updated: 21-Aug-2018 04:06:50 pm
✅ Lowest price available on Amazon
✅ Usually dispatched within 24 hours
✅ Total 100 new items found
✅ Eligible for Prime
✅ Eligible for Super Saver Shipping

Related Categories

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.

AuthorSurjit S. Bhalla
BindingHardcover
EAN9789386797025
ISBN938679702X
Height921 mm
Length602 mm
Width100 mm
LanguageEnglish
Language TypePublished
Number Of Pages224
Package Quantity1
Product GroupBook
Publication Date2017-11-23
PublisherSimon and Schuster India
Release Date2017-11-23
StudioSimon and Schuster India
Sales Rank58918

Bestsellers in Economic History

Trending Products at this Moment

General information about The New Wealth of Nations