Instability of the world economy
- Deterioration in international economic environment
- Instability of financial markets
- Financial destabilization of world trade
- Unregulated monetary markets
- Monetary instability
- International financial system instability
- Fluctuations in world monetary conditions
- Vulnerability of national economies
Nature
The stable expansion and balanced growth of world trade is hampered by instability of exchange rates, inadequate multilateral systems of payment, disequilibrium in balance of payments, and destructive national and international measures taken to correct maladjustments in balance of payments.
Claim
The prevailing anarchy of the world's unregulated financial markets, in which turnover approaches $3 trillion per day, is a constant source of instability to the world trading system.
Counter-claim
The notion that the instability of the world economy is a pressing problem is vastly overstated. Economic fluctuations are natural and often lead to innovation and adaptation. History shows that economies rebound, and crises can spur necessary reforms. Focusing excessively on perceived instability distracts from more pressing issues like climate change and social inequality. Instead of fearing economic shifts, we should embrace them as opportunities for growth and resilience, proving that the world economy is more robust than we think.
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Strategy
Value
Reference
SDG
Metadata
Database
World problems
Type
(C) Cross-sectoral problems
Biological classification
N/A
Subject
Commerce » Finance
Commerce » Market
Commerce » Money
Commerce » Trade
Cybernetics » Systems
Economics » Economic
Economics » Economy
Environment » Environment
Societal problems » Instability
Societal problems » Vulnerability
Content quality
Presentable
Language
English
1A4N
C7873
DOCID
11378730
D7NID
133976
Last update
Oct 4, 2020