The Wealthy World The Growth and Implications of Global Prosperity

by Edmunds, John C.

• ISBN13: 9780471390770
• ISBN10: 0471390771
• Format: Hardcover
• Copyright: 2000-12-29
• Publisher: Wiley

Summary

World wealth creation exceeded $2 trillion per month in 1999. The potential for world wealth might be as high as $500 trillion or $83,333 for each person on Earth. This rapid and increasing accumulation has the capacity to touch every aspect of economic development and exchange. The Wealthy World explains the reasons for this increase and its implications in a world whose financial systems are becoming increasingly unified. Written by an author with worldwide credentials, this fascinating book lays out a key component of the approaching world economy, including the impact of the global rise of technology and interconnectivity and the implications of these factors on global wealth.

Author Biography

JOHN C. EDMUNDS is Chairman of the finance faculty at Babson College and Faculty Advisor to the Cutler Investment Manage-ment Center and the Babson College Fund. He is also on the faculty of the Arthur D. Little School of Management. Edmunds has taught previously at Harvard, Northeastern, and Boston Universi-ty and has consulted with the Harvard Institute for International Development, the Rockefeller Foundation, Stanford Research, and numerous private corporations. Edmunds holds a DBA in international business from the Harvard Business School, an MBA in finance and quantitative methods from Boston University, an MA in economics from Northeastern Uni-versity, and an AB in economics from Harvard College.

Table of Contents

Preface	ix
The Trajectory and the Potential	1	(12)
Buyers and Sellers	13	(22)
Issuers Restrict Supply	35	(30)
How Much Can a Stock Be Worth?	65	(22)
How Did the United States Become So Wealthy?	87	(14)
The Direct Route to Prosperity	101	(18)
The Propagation Mechanism	119	(26)
Multinational Companies as Issuers of Securities	145	(22)
Tracking Ownership: Transparency, Sovereignty, and the Level Playing Field	167	(14)
Nation-States Come to Terms with the World Capital Market	181	(24)
Potholes on the Road to Prosperity?	205	(32)
Conclusion: $1 Quadrillion Once Again	237	(16)
Notes	253	(2)
Index	255