Insights from the inside

Executive Viewpoints-Vehicle Development Insights from Industry: Off-Highway 2020 and Beyond-Insights from the inside.

Economic forecasting is a very difficult proposition. After all, how many advisors can honestly claim to have foreseen the current global economic crisis in its full scale?

And yet, Russian economist Nikolai Kondratieff described 50- to 60-year economic cycles in his 1925 book, The Major Economic Cycles, based on his study of 19th century price behavior. He was convinced that a long-term order of economic behavior existed and could be used to anticipate future economic trends.