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A technician works in a computing centre of the CERN, the worlds largest particle physics laboratory of the European Organization for Nuclear Research in Meyrin, near Geneva.
A technician works in a computing centre of the CERN, the worlds largest particle physics laboratory of the European Organization for Nuclear Research in Meyrin, near Geneva.
(Laurent Gillieron/AP)

An era of stagnation, or the cusp of a new golden age?

Economist and author Carlota Perez provides a more positive technology-based spin on the “secular stagnation” theme outlined in my Tuesday column. While not underestimating the short-term challenges, the London School of Economics professor predicts the global economy is about to enter a new golden age.