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THE ROLE OF BILLIONAIRES IN THE ECONOMIC SYSTEM OF THE 21ST CENTURY

Eduardo Tomé

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2017, vol. 11, issue 1, 1063-1069

Abstract: This paper is a summary of the keynote speech presented at the Conference. Its purpose is to analyse the importance of billionaires in the economy of the 21st century. The paper analyses three basic questions about the billionaires namely, their number, the cause of their existence and the consequences of that existence. The methodology of the paper is basically search of data and information online coupled with reasoning about the topic. We conclude that billionaires are few in number but their importance is rsing. They are explained by many factors, most important of all the intangible assets which govern the economy of the current times; and their social, economic and political importance cannot be underestimated. So, as a general conclusion we find that billionaires are a distinctive feature of the economy of the 21st century, and that they are here to stay, and, wthin a ever more interdependent world, they will survive as long as they will be considered a force of economic well being,

Keywords: intangibles; 21st century; billionaires; economic system; managers (search for similar items in EconPapers)
Date: 2017
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