Whither Real Interest Rates for the next 30 Years?
Andrew White
APRIL 10, 2023
China joined the WTO in 2001 lowering, at a stroke, global wages. It has been declining or flat for 20-30 years, depending on what metrics you use. But as rates go up, returns on capital increase, and so your ROI promises for that next big IT, digital or AI project, has to grow too.
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