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Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

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  • V. Klinov

Abstract

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

Suggested Citation

  • V. Klinov, 2017. "Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 7.
    • Handle: RePEc:nos:voprec:y:2017:id:326
    DOI: 10.32609/0042-8736-2017-7-114-127
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