Book notes: What's Next: Unconventional Wisdom on the Future of the World Economy

David Hale and Lyric Hughes Hale (Eds), What’s Next: Unconventional Wisdom on the Future of the World Economy, Yale University Press, 2011, 368 pages

Put together as a collection of articles, this book – among many other things – serves as a useful reminder that early industrialising countries with cheap labour reach a point when wages begin to rise because they exhaust the pool of low-paid workers coming off the land. China, it is argued, has reached this point and its future development will d