Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea: M (Malthusian), G (government-led), K (à la Kuznets), H (human capital based) and PD (post...

In dieser bemerkenswerten und zeitgemäße︣n Ergänzung zu seiner Principles-Reihe nimmt Dalio die Leser mit auf seine Studie über die grossen Imperien IBM einschliesslich des holländischen, britischen und amerikanischen IBM und rückt den ?grossen Zyklus?, der die Erfolge und Misserfolge...

A few years ago, Dalio noticed a confluence of political and economic conditions he hadn't encountered before: huge debts and zero or near-zero interest rates that led to massive printing of money in the world's three major reserve currencies. Here Dalio brings readers along for his study of the...