The Architecture of Global Finance: Scenarios for the New Century Summary
... long waves . Although the latter method was laid to rest back in the late 1980s, it remains uncharted territory for many Russian commentators. Meanwhile, much more valuable for long-term forecasting is not market-oriented but rather draws on the global financial system’s structure, i.e. basic elements of the global financial architecture that will define the direction and quantitative parameters of financial flows’ future dynamics. Scenario-based forecasting in this area resembles a prediction of architectural styles – pompous or minimalist, functionally unified or adapted to particular conditions and needs – that are determined by the clients’ ...
14.01.2013
