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Global Economic Crisis As A Divine Blessing

Author

Listed:
  • Dumitru MOLDOVAN

    (Academy of Economic Studies of Moldova, Chisinau, Faculty of International Economic Relations)

Abstract

The article substantiates the hypothesis according to which economic crises, representing generally positive events, are destined not to correct market imperfections, but to prepare the conditions for transition to a qualitatively new generation of machines and technologies. Nanotechnology is the driving force of the real leap forward that world economy is now preparing to make. Economic scientists can facilitate economic recovery, amplifying people’s positive expectations related to the outcome of the crisis.

Suggested Citation

  • Dumitru MOLDOVAN, 2011. "Global Economic Crisis As A Divine Blessing," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 13(1), pages 147-154, May.
    • Handle: RePEc:fmb:journl:v:13:y:2011:i:1:p:146-154
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    More about this item

    Keywords

    business fluctuations; technology; macroeconomic policy; positive expectations.;
    All these keywords.

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • Y8 - Miscellaneous Categories - - Related Disciplines

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