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Economics Of Crisis Versus Crisis Of Economics: The Fall Of Capitalism And The Remake Of The Economic World Order

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  • Ana-Madalina POTCOVARU

    (The Bucharest Academy of Economic Studies, Bucharest, Romania)

Abstract

The world in which we live in is changing. And rapidly. The global economic crisis that is our living companion since 2007 might change the world for ever. Our beloved democracies, the US and the European Union, or even Japan are no longer the main economic forces that drive the world’s economy. New countries are rising towards becoming the top economies and most of these are not belonging to the western world, nor are functional democracies. But why is this happening? Why are we losing so fast all our power and influence? Well, one main cause might be that every major civilization develops, peaks, and eventually falls. This article insists on our cultural and demographic topics, which are the main reasons for this downward trend.

Suggested Citation

  • Ana-Madalina POTCOVARU, 2013. "Economics Of Crisis Versus Crisis Of Economics: The Fall Of Capitalism And The Remake Of The Economic World Order," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 3(2), pages 16-20, June.
    • Handle: RePEc:rom:bemann:v:3:y:2013:i:2:p:16-20
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    File URL: https://beman.ase.ro/no32/2.pdf
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    References listed on IDEAS

    as
    1. Lars Weber, 2010. "Demographic Change and Economic Growth," Contributions to Economics, Springer, number 978-3-7908-2590-9.
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    More about this item

    Keywords

    Global economic crisis; Demographic transition; Globalisation; Economic demography;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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