A Violent World [electronic resource] : Modern Threats to Economic Stability /
Lorenzi, Jean-Hervé.author.
Berrebi, Mickaël.author.
During the 1990s Francis Fukuyama announced the end of history. The 2000s showed how it is an illusion to imagine a peaceful world without conflict. In this book the authors explore how six major constraints are set to fix the trajectory of the global economy. Three of them are new: the aging population, the failure of technical progress, and the scarcity of savings. The other three have been at work for some time: the explosion of inequality, the mass transfer of activities from one end of the world to the other, and the limitless financialization of economy. They suggest that like seismic activity which depends on pressure between tectonic plates, the political and social tensions will be exacerbated in the coming years by these major forces. They propose that authorities will be incapable of preventing neither the date nor the intensity of the coming earthquakes, and ask the question: Are we able to cope with these future shocks and the violence they are sure to cause?
Includes index.
During the 1990s Francis Fukuyama announced the end of history. The 2000s showed how it is an illusion to imagine a peaceful world without conflict. In this book the authors explore how six major constraints are set to fix the trajectory of the global economy. Three of them are new: the aging population, the failure of technical progress, and the scarcity of savings. The other three have been at work for some time: the explosion of inequality, the mass transfer of activities from one end of the world to the other, and the limitless financialization of economy. They suggest that like seismic activity which depends on pressure between tectonic plates, the political and social tensions will be exacerbated in the coming years by these major forces. They propose that authorities will be incapable of preventing neither the date nor the intensity of the coming earthquakes, and ask the question: Are we able to cope with these future shocks and the violence they are sure to cause?
Machine generated contents note: -- ContentsIntroductionChapter 1The Great Breakdown in Technical ProgressInnovation, a Phenomenon of DisruptionThe Major Role of Technical Progress in Growth in the la croissanceSlowdown: the Great DebateIncreasingly Rarer ResourcesThe Intelligence WarChapter 2The Curse of AgeingThe Weight of Demography in HistoryThe Three Impacts of AgeingAn Evil for a Good?Towards Intergenerational ConflictChapter 3The Irresistible Explosion of Inequalities ine;galite;sInequalities and Growth: Return of an Old ControversyThe End of the Equality Myth e'galitaireThe inheritance society versus the Middle ClassesInequalities at the Heart of a New ConflictChapter 4The Shock of Deindustrialisation 1995-2005: deindustrialisation and outsourcingThe London temptationHope from AmericaThe terrible uncertainty of globalisationChapter 5 The Illusion of FinancializationThe Explosion in LiquidityThe Dismemberment of the Financial SystemThe Utopia of RegulationThe Impossible Debt EquationFinance versus the Real EconomyChapter 6Savings, the Ultimate in Rare ResourcesThe Enigma of the Balance between Savings and InvestmentThree Decades of a Surplus of SavingsThe World is Changing, Savings decreaseThe World is Changing, Investment incincreasesTowards a Major ImbalanceChapter 7Avoiding a Major Crisis in the 21st CenturyRefocusing the World on Youth Socialising Rare ResourcesTaming AnnuitiesConsidering a new Bretton WoodsRisk-sharingIndex.
Environmental economics.
Development economics.
International economics.
Economic history.
Economic theory.
Macroeconomics.
Environmental Economics.
Development Economics.
International Economics.
Economic History.
Economic Theory/Quantitative Economics/Mathematical Methods.
Macroeconomics/Monetary Economics//Financial Economics.