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The Consolations of Economics: How We Will All Benefit from the New World Order

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In the next twenty years the world economy will enjoy one of its strongest periods of growth. Greater innovation and technical change will increase opportunities. Life expectancy, income and educational standards will rise. The West's share in the global economic cake may get smaller, but there will be more cake than ever before.

These are the predictions of Gerard Lyons, a leading international economist who spent nearly thirty years working in the City. He is now the chief economic advise...