Page 12 - MYM 2016

What has happened to our hope for economic growth?
There are varying economic opinions about the short-term, medium-term, and long-term rate of world economic growth. The rosy growth rates of the past have slipped and now the world’s countries are experiencing slow economic growth. Many explanations have been o ered, including China’s
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slowdown, the low and even negative interest rates, and the failure to pay workers su cient wages. Some thinkers are more optimistic and expect rising standards of living in the long term coming from further technological advances and continuous globalization.
12 | MINd YOUr MarkETING OCTOBEr 2016