The Consumer Creditization of the World Economy - Paperback

by Bernard C. Beaudreau (Author)

Consumer credit has literally exploded in mature and emerging markets, prompting a number of questions, namely why? Why have the G-6 countries become increasingly dependent on growing consumer indebtedness to sustain output, employment and growth? This book attempts to answer this and related questions. Specifically, it points to two technology shocks, namely factory automation and outsourcing as the leading cause.