Savings, the Ultimate Rare Resource.

Summary We have now reached the heart of this book. Having discussed, successively, the serious breakdown of technical progress, the upsets due to ageing, the loss of economic substance in the countries of the OECD, and uncontrolled finance, these themes converge into what creates the balance of the world, the savings accrued by people on every continent and the investments that are the translation of their dreams. Are these savings enough to enable their ambitions to be achieved? We think not, at least not in the way that the balance between investment and savings has materialized in recent decades. Naturally, a new balance will emerge, the expression of the way in which these new constraints will be satisfied. The world will have changed, as will its economic trajectory.