Which countries are likely to improve substantially their standard of living and their quality of life as the next generation grows up? Which ones will muddle along? Which countries will fail? By looking at The economies of the world in the present and the recent past and making calculations about the way they will perform over the next 30 years, Hamish McRae puts forward a judgement on the future. At the end of the 20th century, America, Europe and East Asia stand poised on the brink of change. The growth of their economies depends on education, on the role of government and on their cultural copyright: not just on efficiency, but also on originality. This book discusses where countries stand now and how their problems and potential might change. Taking on board demographic change, technology and the balance between manufacturing and service industry in international trade, it analyzes not just what could happen but what could go wrong - and right - along the way.