World.Boom.Ahread

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Deepening financial crises in Asia and Russia. .. Turbulence in the U.S. stock market... The Y2K computer bug... A widening U.S. trade deficit with China... Labor shortages and narrowing profit margins in many industries.
After seven years of economic expansion and soaring stock prices, some dark clouds are forming on the horizon. Do they presage a severe storm or just a passing shower?

In World Boom Ahead, business journalist Knight Kiplinger looks beyond today's headlines - and the choppy waters just ahead - at the broad outlook for key industries, demographics and world markets. His conclusion: "The world stands on the threshold of a long, strong surge in economic growth and living standards, unprecedented in world history."

The driving force of this expansion, Kiplinger says, will be the dispersal of technology, resulting in a sharp increase in worldwide productivity. In the developing nations, a vast new global middle class will be both tough competitors and avid customers of the advanced nations.

Knight Kiplinger is editor of The Kiplinger Letter, America's leading business-forecasting publication, and editor in chief of Kiplinger's Personal Finance Magazine. In his last two books - The New American Boom (1986) and America in the Global '90s (1989) - Kiplinger and his staff offered a bold vision of a resurgent U.S. economy in the 1990s. These judgments ran counter to pessimistic popular sentiment when published, but they turned out to be remarkably prescient. Entrepreneurs and investors who relied on Kiplinger's forecasts have prospered mightily in the long expansion that followed.

Now, in World Boom Ahead, Kiplinger broadens his lens to the next two decades. It is a vision of rapid and tumultuous change in global markets, the workplace and the structure of business. There will be accelerating advances in telecommunications, biotech, new materials and energy. The next century will be fraught with pitfalls for the unprepared - but rich in opportunities for those who see the changes coming.

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