
The Next Age of Uncertainty: How the World Can Adapt to a Riskier Future
By Stephen Poloz
The Next Age of Uncertainty: How the World Can Adapt to a Riskier Future by Stephen Poloz, former Governor of the Bank of Canada, argues that the world is entering a new era of volatility driven by five "tectonic" forces: aging populations, rising debt, income inequality, technological change, and climate change. The book explains these forces, drawing on Poloz's experience to connect past crises with future challenges, and offers practical advice for governments, businesses, and individuals to navigate this riskier landscape, suggesting that "normal" is not what it used to be.
Poloz skillfully argues that past crises, from the Victorian Depression in the late 1800s to the more recent downturn in 2008, give a hint of what is in store for us in the decades ahead. Unlike the purely destructive power of earthquakes, the upheaval that is sure to come in the decades ahead will offer unexpected opportunities for renewal and growth.
Filled with takeaways for employers, investors, and policymakers, as well as families discussing jobs and mortgage renewals around the kitchen table, The Next Age of Uncertainty is an indispensable guide for those navigating the fault lines of the risky world ahead.