Berto Jongman: OECD Looking to 2060: Long-term global growth prospects

02 China, 03 Economy, 03 India, Commercial Intelligence
Berto Jongman

Looking to 2060: Long-term global growth prospects

OECD Economic Policy Paper 03

Their key points:

China, India, and Indonesia are going to blast forward past USA and EU

Structural changes needed to how money is managed

China will go 25% above US in income per capita while India will only rise to half US income per capita.

Our key points:

Elderly need to be brought back into the economy as producers (e.g. child care)

They do not address the need to change the education, intelligence, and research domains

Definitions of living standards are hosed, need to be revised