Lorenzi / Berrebi A Violent World

Modern Threats to Economic Stability
1. Auflage 2016
ISBN: 978-1-137-58993-4
Verlag: Palgrave Macmillan UK
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 208 Seiten, eBook

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?

Zielgruppe

Research

Autoren/Hrsg.

Lorenzi, Jean-Hervé

Berrebi, Mickaël

Inhaltsverzeichnis

Contents Introduction Chapter 1 The Great Breakdown in Technical Progress Innovation, a Phenomenon of Disruption The Major Role of Technical Progress in Growth in the la croissance Slowdown: the Great Debate Increasingly Rarer Resources The Intelligence War Chapter 2 The Curse of Ageing The Weight of Demography in History The Three Impacts of Ageing An Evil for a Good? Towards Intergenerational Conflict Chapter 3 The Irresistible Explosion of Inequalities inégalités Inequalities and Growth: Return of an Old Controversy The End of the Equality Myth égalitaire The inheritance society versus the Middle Classes Inequalities at the Heart of a New Conflict Chapter 4 The Shock of Deindustrialisation 1995-2005: deindustrialisation and outsourcing The London temptation Hope from America The terrible uncertainty of globalisation Chapter5 The Illusion of Financialization The Explosion in Liquidity The Dismemberment of the Financial System The Utopia of Regulation The Impossible Debt Equation Finance versus the Real Economy Chapter 6 Savings, the Ultimate in Rare Resources The Enigma of the Balance between Savings and Investment Three Decades of a Surplus of Savings The World is Changing, Savings decrease The World is Changing, Investment incincreases Towards a Major Imbalance Chapter 7 Avoiding a Major Crisis in the 21st Century Refocusing the World on Youth Socialising Rare Resources Taming Annuities Considering a new Bretton Woods Risk-sharing Index

Über Autor(innen)

Jean-Hervé Lorenzi is Professor of Economics at Paris-Dauphine University and President of the Circle of Economists. Mickaël Berrebi is an actuary graduated from the Ecole supérieure des sciences économiques et commerciales (ESSEC) in Paris.