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
