Stability and growth in a global economy

Ignazio Visco ()
Additional contact information
Ignazio Visco: Banca d'Italia

PSL Quarterly Review, 2019, vol. 72, issue 289, 75-84

Abstract: The hopes that dawned with the end of the Cold War of improving everyone?s well-being through globalisation and technological progress have been partly disappointed. They have been replaced by uncertainty about the effects of these profound changes on the distribution of wealth, the availability of work, the possibility of growth continuing at the same pace as in the last few decades, the impact on the environment, the consequences of demographic trends, and the balance of power between countries, between companies, and between companies and consumers. The need to govern these changes is now clear and greater attention must be paid to those who have difficulty adapting, not only in advanced countries, where automation and global competition are displacing many workers employed in routine jobs, but also in emerging and developing countries, where the prospects of further poverty reduction are diminishing. These are crucial challenges for the world economy.

Keywords: globalisation; technological progress; climate change (search for similar items in EconPapers)
JEL-codes: F6 J11 O33 Q54 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/15520/14945 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:pslqrr:2019:21

Ordering information: This journal article can be ordered from
http://www.pslquarterlyreview.info

Access Statistics for this article

PSL Quarterly Review is currently edited by Alessandro Roncaglia and Carlo D'Ippoliti

More articles in PSL Quarterly Review from Economia civile
Bibliographic data for series maintained by Carlo D'Ippoliti ().