Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes
Ya. M. Mirkin ()
Outlines of global transformations: politics, economics, law, 2020
The characteristic of a supervolatile â€œdisaster economyâ€ is given,Â in which the number of shocks caused byÂ natural and man-made disasters is growing. The factors of creating such an economy at the global level areÂ disclosed.Â The review of discussions about the future of the world (economy, finance) afterÂ the pandemic - 2020 is made. New longterm trends emerging in such an economy and the deep changes associated withÂ them in the economic and financial structures of the world and the West are forecasted. These trends include: the collectiveÂ desire for greater autonomy of householdsÂ and, accordingly, changes in their demandÂ (growth of stocks, reserves, decrease in demand for rental assets, more desire for personal property, for the acquisition ofÂ equipment and technologies that provide autonomy, development of offices at home andÂ the transition to a different life model (toÂ be the most at home â€“ the least in the office and in the public space); the digitalizationÂ of households; the increasing individualization of demand for products and services; deagglomeration (living inÂ suburbsÂ or satellite cities); increased mobility; increased demand for goods and services related to theÂ protection of life and health.Â The global trends in the economic / financial behavior of countries are disclosed inÂ detail: protectionism; government policy to keep â€œthe economy on a respiratorâ€ ;Â changes in economic ideology, in its â€œmainstreamâ€ ;Â the inevitable emergence of theÂ concept of â€œeconomic sacrificeâ€ ; growingÂ volatility of the global economy and globalÂ finance. In particular, ahead: the development of the ideology of the â€œeconomy ofÂ fearâ€ ; demonstration of a new balance between collectivism and individualism; revaluation of the models of capitalism existing in differentÂ countries; ideological revolution in global finance. The possibilities ofÂ an unfavorable scenario in the global economy and a strong challenge that still needÂ to be answered are shown - is developmentÂ or destruction ahead?
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ccs:journl:y:2020:id:666
Access Statistics for this article
More articles in Outlines of global transformations: politics, economics, law from Center for Crisis Society Studies
Bibliographic data for series maintained by ÐœÐ¾Ð»Ñ‡Ð°ÐºÐ¾Ð² Ð Ð¸ÐºÐ¸Ñ‚Ð° Ð®Ñ€ÑŒÐµÐ²Ð¸Ñ‡ ().