Table of Contents

Acknowledgments vii

Introduction 1

Chapter 1 Back to the Future? 27

Chapter 2 Who Are Those Guys? 55

Chapter 3 To Armageddon and Back 89

Chapter 4 Atomic Clouds of Footloose Funds 123

Chapter 5 After the Crisis: Catharsis or Chaos? 157

Chapter 6 Older and Wiser: Demographic and

Technological Challenges 205

Chapter 7 The Climate Change Catch–22 261

Chapter 8 Who Will Inherit the Earth? 299

Notes 341

Index 353

About the Author

GEORGE MAGNUS is Senior Economic Adviser at UBS InvestmentBank, London. Previously, he was Chief Economist at UBS; he hasheld similar positions with Union Bank of Switzerland and SGWarburg. George Magnus is well-known and respected as a publiccommentator on the long-term consequences of the financial crisis.His first book The Age of Aging: How Demographics are Changingthe Global Economy and Our World was published by Wiley in2008. He lives, works and writes in London, is married and has fourchildren.

Reviews

a useful corrective tosome of the more breathless and overenthusiastic tracts onChina s inevitable path to world domination. (Management Today, Novemberm 2010). Magnus takes an epic sweep of theemerging economies- from China and India to Turkey and EasternEurope. (Wharf, November 2010). a considered view of the advances ofChina, India and other emerging economies . (FinancialTimes, November 2010). Magnus's overarching argument isthat China still lacks the organisations and institutions thataccept the key to technological innovation. (Reuters.com, November 2010). blow-by-blow account of the globalscene today his [Magnus s] crystal ball presentssurprising conclusions. (BMI Voyager, April2011). worthreading . (Survival, June2011).