The New Golden Age: Delayed, but not Extinguished

Since the late 18^th century, the technically advanced world has entered a new economic "golden age," every 50 to 60 years.  During each of these golden age periods, the standard of living has risen to new, unprecedented heights.   As the Trends editors have explained in prior issues, each golden age is the result of the full-scale deployment of a new, transformative technology.  Typically, each golden age boom doubles the per capita GDP for nations directly involved in a period of just 20 years or so.  The new golde.....