Conclusion

José A. Tapia ()
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José A. Tapia: Drexel University

Chapter Chapter 10 in Six Crises of the World Economy, 2023, pp 239-251 from Springer

Abstract: Abstract This chapter reviews the major themes of the book. The present world economic system is unstable and prone to crises that have brought significant disarray to the world economy about once per decade over the past half century. When the world economy is “healthy”, that is growing at a rate of a few percentage points per year, the continous expansion of production pushes the Earth system toward ecological disasters of different types. “Healthy” economic growth also favors the expansion of government arsenals and military forces, and increases the risk of war. Though changing the economic and political organization of the world is obviously not an easy task, the alternative likely implies continued evolution toward catastrophic outcomes even before the end of the present century.

Date: 2023
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DOI: 10.1007/978-3-031-38735-7_10

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