The World after the Crisis

Tiberiu Brãilean

Review of Economic and Business Studies, 2009, issue 3, 181-187

Abstract: World economy crisis will outlast. It has not reached the bottom and no efficient policy solution could be seen yet. It is a crisis of global and virtual economy. It is more than a stage of the Kondratiev cycle, it is a structural crisis that tends to turn into a systemic one. But what will the world look like after it? Important changes will come out, changes that the world has not imagined till recently: market fundamentalism will decrease and state capitalism will become the dominant system; financial background will change, financial sector will be reduced and regulated, both nationally and internationally; despite the decrease of global demand, energy, food and commodities cost will rise; a greater but still insufficient attention will be given to the environmental issues; protectionism of all forms will increase; poverty will become endemic in many parts of the world, globalization will persist, as Earth is no longer flat; a technological tsunami is being born in front of us; we will be witnessing the emergence of the feminine principle. Change will become common everywhere, but first of all, we need to embody the change we want for the world.

Date: 2009
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