The authors stress how the rise of China and India has changed the world economy, moving it towards disequilibrium. Several alternative economic policies are tested to seek a way towards a high growth in any continent associated with long-run real and financial equilibrium

"The financial crisis brought the world to the brink of economic breakdown. But now bankers' bonuses are back, house prices are rising again and politicians promise recovery - all this while unemployment remains high, debts mount, frictions with China grow and the planet overheats. Is this...