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The world is running out of resources (once again)

In: Economic Futures of the West

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Abstract

Jan Winiecki explores the various problems that the West must deal with in order to remain an efficient competitor in the world economy. These, he argues, are primarily consequences of the ever-expanding welfare state; consequences that are not only economic but also socio-psychological and, therefore, political. The author also considers the evolution of Western Europe and the USA from a new perspective, noting the ‘Europeanization’ of US economic policies and regulation and the ‘Americanization’ of polices and regulation in some European countries. The book concludes that the main challengers to the West – Brazil, Russia, India and China (the so-called BRIC group of countries) – are unlikely to gain economic supremacy over the West any time soon, given that they have to contend with their own difficulties.

Suggested Citation

  • ., 2013. "The world is running out of resources (once again)," Chapters, in: Economic Futures of the West, chapter 2, pages 14-27, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15068_2
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    File URL: https://www.elgaronline.com/view/9781781951705.00008.xml
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    Cited by:

    1. De Silva, P.N.K. & Simons, S.J.R. & Stevens, P., 2016. "Economic impact analysis of natural gas development and the policy implications," Energy Policy, Elsevier, vol. 88(C), pages 639-651.

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