Brave New Wealthy World: Winning the Struggle for World Prosperity

In "Brave New Wealthy World, leading capital markets expert John C. Edmundsargues that global economic conditions are improving, and that the benefits ofeconomic growth will reach virtually everyone on earth--including billions whohave been left behind until now. Edmunds identifies the key mechanisms thatwill deliver these benefits: the modernization of defective national financialsystems, and securitization: the transformation of illiquid assets into securitiesthat can be traded at will amongst investors anywhere on Earth. He alsoprojects significant improvements in services-based job creation linked tochanging population trends, as well as enhanced rates of return on cross-borderinvestment in emerging markets. Edmunds describes viable new structures forinvestment in poor countries, and proposes a new symbiotic relationshipbetween rich and poor countries that offers powerful benefits to both. WhileEdmunds doesn't expect wealth disparities or boom/bust cycles to disappear, he demonstrates that today's international financial arrangements are deliveringunprecedented prosperity and well-being--and spreading their benefits far morewidely than critics ever thought possible.