Washington likes to play guessing games with the economy, placing bets on certain industries by supplying them with luxurious tax giveaways or no-fault loans. But the jobs of the future are at the mercy of giant, global forces that are largely out of our control. To get a feel for the known unknowns, I spoke with Bruce Katz, director of the Brookings Metropolitan Policy Program, on the metaforces driving the next economy. He named four.
1. Global Demand. In the 20th century, the United States was the world's top producer and consumer. But as China and India join the global middle class with a combined population eight times the size of the U.S. (and that's not to mention their fast-charging cousins, like Brazil and Indonesia), the new slogan for successful companies will be "Go East Young Man." Firms that can open overseas wallets will see the highest gains in productivity, wages and growth.
To read the full, original article click on this link: The 4 'Metaforces' Driving the Next Economy - Derek Thompson - Business - The Atlantic
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