Book
The next age of uncertainty : how the world can adapt to a riskier future / Stephen Poloz.
From the former Governor of the Bank of Canada comes a far-seeing guide to the powerful economic forces that will shape the decades ahead. Filled with takeaways for employers, investors, and policymakers, as well as families discussing jobs and mortgage renewals around the kitchen table, 'The Next Age of Uncertainty' is an indispensable guide for those navigating the fault lines of the risky world ahead. Stephen Poloz lives in Toronto, ON.
Record details
- ISBN: 9780735243903 (hardcover)
- Physical Description: 294 pages ; 24 cm
- Publisher: Toronto : Allen Lane, 2022.
Content descriptions
| Bibliography, etc. Note: | Includes bibliographical references and index. |
Search for related items by subject
| Subject: | Business cycles. Economic history. Financial crises. Investments. Uncertainty. |
Available copies
- 1 of 1 copy available at Tsuga Consortium.
Holds
- 0 current holds with 1 total copy.
Show Only Available Copies
| Location | Call Number / Copy Notes | Barcode | Shelving Location | Status | Due Date |
|---|---|---|---|---|---|
| Lakeshore Branch | 338.542 Pol | 31681010266351 | NONFIC | Available | - |
- Baker & Taylor
"The accessible roadmap to navigating an unpredictable economic earthquake. People are worried about their financial future. The workforce is aging, meaning slower economic growth. Debt is going through the roof, both public and private. Automation and technological revolution are putting people out of work, leading to ever-growing inequality and social breakdown. Add the existential threat of climate change to the list of economic stresses. Then pile on a global pandemic that has cost the global economytrillions. It's not surprising that people are worried. Crises don't unfold because of just one of these factors happening in isolation. Former Governor of the Bank of Canada, Stephen Poloz, calls these factors "tectonic" stresses. As he demonstrates, using examples from previous cycles of boom and bust, major crises occur when several forces converge, like tectonic plates. When the built-up energy is released, the result is an economic crisis. Whether we are barreling towards another financial crisis depends on how the current stresses are handled. Slow growth can be a good thing, as it means low interest rates, and could lead to more home ownership. Our panic about debt, Poloz argues, is a holdover from the financial conditions of the 1930s. Technological change can mean disruption and inequality--but can also lead to greater prosperity for all in the long term, something we can accelerate with good policy. And while responding to climate change will be expensive and difficult, it can also lead to better policies around investment and employment, to say nothing of technological advance. Using examples from the last 150 years of economic history, Stephen Poloz explains ideas sophisticated enough for institutional investors and policymakers in language accessible enough for general readers who are just worried about renewing their mortgages in a climate of fluctuating interest rates. Highly readable and from an acclaimed economist, The Next Age of Uncertainty will be an indispensable guide to the turbulent decades ahead."-- - Penguin Putnam
*WINNER OF THE 2023 NATIONAL BUSINESS BOOK AWARD*
*FINALIST FOR THE 2023 OTTAWA BOOK AWARD*
*SHORTLISTED FOR THE SHAUGHNESSY COHEN PRIZE FOR POLITICAL WRITING*
*SHORTLISTED FOR THE 2022 DONNER PRIZE*
NATIONAL BESTSELLER
From the former Governor of the Bank of Canada, a far-seeing guide to the powerful economic forces that will shape the decades ahead.
The economic ground is shifting beneath our feet. The world is becoming more volatile, and people are understandably worried about their financial futures. In this urgent and accessible guide to the crises and opportunities that lie ahead, economist and former Governor of the Bank of Canada Stephen Poloz maps out the powerful tectonic forces that are shaping our future, and the ideas that will allow us to master them.
These forces include an aging workforce, mounting debt, and rising income inequality. Technological advances, too, are adding to the pressure, putting people out of work, and climate change is forcing a transition to a lower-carbon economy. It is no surprise that people are feeling uncertain.
The implications of these tectonic tensions will cascade throughout every dimension of our livesâthe job market, the housing market, the investment climate, as well as government and central bank policy, and the role of the corporation within society. The pandemic has added momentum to many of them.Â
Poloz skillfully argues that past crises, from the Victorian Depression in the late 1800s to the more recent downturn in 2008, give a hint of what is in store for us in the decades ahead. Unlike the purely destructive power of earthquakes, the upheaval that is sure to come in the decades ahead will offer unexpected opportunities for renewal and growth.
Filled with takeaways for employers, investors, and policymakers, as well as families discussing jobs and mortgage renewals around the kitchen table, The Next Age of Uncertainty is an indispensable guide for those navigating the fault lines of the risky world ahead.
