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Antonio Serra and the Problems of Today

In: Antonio Serra and the Economics of Good Government

Author

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  • Erik S. Reinert

Abstract

These are times of crisis. Almost daily, newspapers inform us of human misery and human migrations caused not only by wars and terrorism, but also by sheer economic necessity. Why do around 1 billion people — as the United Nations has calculated — experience hunger in a world of plenty? Why do so many people every day risk their lives fleeing Africa attempting to reach the shores of the European Union? Why do people who cannot find employment in Eritrea — a country with just over 40 inhabitants per square kilometre — have few problems finding a job when they arrive in Holland, where the population density is more than 400 per square kilometre? Why has more than 20% of the Latvian population left the country during a period of a few years? Why do Ukrainian economists estimate that ten million people will leave the country if it is subjected to a free-trade shock with the European Union? Why do EU researchers — contrary to expectations — find that EU incomes are not converging as expected, but rather follow the path that is establishing two convergence groups, one of wealthy countries and one of considerably poorer ones?1

Suggested Citation

  • Erik S. Reinert, 2016. "Antonio Serra and the Problems of Today," Palgrave Studies in the History of Finance, in: Rosario Patalano & Sophus A. Reinert (ed.), Antonio Serra and the Economics of Good Government, chapter 16, pages 325-361, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-1-137-53996-0_17
    DOI: 10.1057/9781137539960_17
    as

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