Saving and investment in the Twenty-First century : the great divergence / Carl Christian von Weizsäcker, Hagen M. Krämer, authors.
2021
HB172.5
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Title
Saving and investment in the Twenty-First century : the great divergence / Carl Christian von Weizsäcker, Hagen M. Krämer, authors.
Uniform Title
Sparen und Investieren im 21. Jahrhundert. English
ISBN
9783030750312 (electronic bk.)
3030750310 (electronic bk.)
3030750302
9783030750305
3030750310 (electronic bk.)
3030750302
9783030750305
Published
Cham : Springer, 2021.
Language
English
Description
1 online resource
Item Number
10.1007/978-3-030-75031-2 doi
Call Number
HB172.5
Dewey Decimal Classification
339
Summary
The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy. On the other hand, investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasing public debt.
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Includes bibliographical references and indexes.
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Open access.
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Print version: 9783030750305
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