THE LEADING FORECAST ON THE GLOBAL IMPACT OF US TRADE TARIFFS'An exceptionally sensible, clear-headed and original thinker' The Financial Times'A very timely book on the new, fractured world'* The Sunday Times'The best book on the future of the global economy'* The International EconomyThe tectonic plates of the global order are shifting, creating new pressures that will strain long-standing financial structures.BUT WHERE WILL THE WORLD'S NEW ECONOMIC FAULT LINES EMERGE?AND HOW DISRUPTIVE WILL THEY BE?In a clear and far-reaching reckoning, The Fractured Age lays bare the threats and opportunities that will shape the world economy over the coming decade. It charts the emergence of geopolitical blocs in a world undergoing profound change - blocs whose relative size and economic diversity will be pivotal in reordering everything from goods trade and investment flows to technology transfers and access to critical minerals.As the world enters another period of seismic upheaval and a new global order emerges, understanding which economies will benefit, and which will bear the costs, will be critical for effective decision-making throughout boardrooms and the halls of government.As Chief Economist of one of the world's leading providers of independent macroeconomic and market research, Neil Shearing lays out a stark vision of the peaks and rifts that will unfold, and how they will fundamentally reshape the global economy in this fractured age.As seen on Bloomberg, BBC News, CNN, Channel 4 News and in The Financial Times, the Wall Street Journal and The Guardian

Autorentext

Neil Shearing is Group Chief Economist at Capital Economics, the world's leading provider of independent macroeconomics and market research, whose output is read by more than 25,000 executives, policy makers and investment professionals each week across Europe, Asia and the Americas. Clients include the Fed, IMF, World Bank, European Central Bank and most major financial firms, including JP Morgan, Morgan Stanley and Goldman Sachs.

Neil is a recognised expert on the global economy and travels regularly to meet clients and policymakers around the world. He writes for the Financial Times and appears regularly on Bloomberg TV, CNBC, BBC News and the Today Programme on BBC Radio 4. His weekly note is read by thousands of people every Monday.

Previously Shearing has advised HM Treasury and the UK Chancellor and is an Associate Fellow in the Global Economy Programme at Chatham House.

Klappentext

As globalisation folds, where will the economic fault lines split and how deep will they run?

In an eminently clear-sighted reckoning, The Fractured Age lays out the threats and opportunities confronting the world economy over the next decade and maps the uneven blocs that are set to emerge from a world in flux. The geopolitical tectonic plates of the planet have shifted back into action and the increased pressures their movements are bringing to bear will stress all our existing financial and commercial structures, habits and orthodoxies.

In a fractured world friends will matter. As the US and China pull apart, it will become increasingly difficult for governments to remain neutral, causing countries to coalesce into two blocs: one that aligns primarily with Washington and another that aligns primarily with Beijing. Policy choices within these blocs will be shaped increasingly by geopolitical considerations. Yet the global economy is not splitting down the middle. The relative size of the blocs and their economic diversity will play a major role in the reorganization of world trade, global supply chains, international investment, transfers of technology and securing supplies of critical minerals.

As the world lurches again on its axis, and a new world order creaks into being, determining which nations will thrive, which will decline, and which companies likewise, will become essential for policymakers seeking firm ground. And how should householders, citizens, executives and law-makers alter their expectations and their behaviours to secure their prosperity?

As Chief Economist for the world's leading provider of independent macroeconomic and market research, Neil Shearing's weekly analytical bulletin is read by thousands of the world's most important bankers, investors, pension-fund managers, civil servants and academics. Now he brings to bear his exceptionally sensible, data-driven forecast for the economic peaks and rifts in the fractured age unfolding.