The Secular Stagnation of the Rich World

David Frum: Low growth rates in the rich world is going to be the norm for at least 40 years. The developing world isn't as rich, he says; it needs capital from somewhere else. In many ways, what the Chinese are dealing with is the worst of all worlds, writes Frum. China has a demographic bomb that's actually a much steeper decline than any other country,. He says low growth rates on average does not mean low everywhere and reshoring technologies will work.