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The pendulum of economic power might well begin to shift from capital back to labor.
Stephen S. Roach
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Stephen S. Roach
Age: 79
Born: 1945
Born: September 16
Economist
Stephen Samuel Roac
Stephen Samuel Roach
Wells
Pendulum
Might
Shift
Well
Capital
Labor
Begin
Economic
Power
Back
Pendulums
More quotes by Stephen S. Roach
The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.
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To the extent that hiring in high-wage, developed economies continues to lag, the sustainability of any impetus to private consumption can be drawn into serious question.
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