The future of the global economy
Subtitle: towards a long boom?
Contributors: Organisation for Economic Co-operation and Development.
Publisher: Organisation for Economic Co-operation and Development
Published: 1999
Place of publication: Paris
Language: eng
Number of pages: 197
Subjects: Economic development -- Congresses.; International economic relations -- Congresses.; Economic forecasting -- Congresses.
Genres: Congresses.
Other titles: L'économie mondiale de demain : vers un essor durable?
Description: As the 20th century draws to a close, powerful forces of change are converging that could set the stage for a long, sustained economic boom in the next few decades -- the transition to a knowledge-based society with its potentially huge productivity gains; the emergence of more deeply integrated, global markets for goods, services, capital and technology; and a fast-growing environmental awareness that could greatly accelerate the shift to new, less resource-intensive production and consumption patterns. The result could be several decades of above-average economic growth, substantial increases in income and wealth, and significant improvements in well-being across the world. But what will it take to unleash these dynamic forces? Not only will it call for a range of initiatives to establish the rules and frameworks for guiding the transition to a sustainable global knowledge economy, but above all, it will require exceptional efforts among decision makers in government, business and society at large to encourage continuous innovation, creativity and high levels of investment, and to promote bold new approaches to closer international co-operation and institution building. Inevitably some countries will benefit more than others, but a long boom with all its wealth creating capacity would offer a unique opportunity to reverse the trends of the last decades towards deepening inequality and exclusion. This book reviews the forces driving economic and social change in today's world. It asesses the likelihood of a long boom materialising in the first decades of the 21st century and explores the strategic policies essential for making it happen.
Notes: Includes bibliographical references.
Papers presented at the 2nd conference in a series of four on the theme of "People, Nature, and Technology: Sustainable Societies in the 21st Century." This conference was held in Frankfurt, Germany, on December 2-3, 1998. It's theme was "21st Century Economic Dynamics: Anatomy of a Long Boom."
"(03 1999 02 1 P) FF 140"--P. [4] of cover.
Table of contents: title: Anatomy of a long boom / Wolfgang Michalski, Riel Miller, Barrie Stevens; title: Sources of continued long-run economic dynamism in the 21st century / Richard G. Lipsey; title: The emerging global knowledge economy / Peter Schwartz, Eamonn Kelly, Nicole Boyer; title: Towards global competition: catalysts and constraints / Horst Siebert, Henning Klodt; title: Working for world ecological sustainability: towards a "New Great Transformation" / Alain Lipietz; title: Policy drivers for a long boom / DeAnne Julius.