GLOBAL ECONOMIC CRISIS AS A DIVINE BLESSING
GLOBAL ECONOMIC CRISIS AS A DIVINE BLESSING
Author(s): Dumitru MoldovanSubject(s): Economy
Published by: Editura Expert Bucureşti - Institutul Naţional de Cercetări Economice
Keywords: business fluctuations; technology; macroeconomic policy; positive expectations
Summary/Abstract: The article substantiates the hypothesis according to which economic crises, representing generally positive events, are destined not to correct market imperfections, but to prepare the conditions for transition to a qualitatively new generation of machines and technologies. Nanotechnology is the driving force of the real leap forward that world economy is now preparing to make. Economic scientists can facilitate economic recovery, amplifying people’s positive expectations related to the outcome of the crisis.
Journal: Review of General Management
- Issue Year: 2011
- Issue No: 13 (1)
- Page Range: 147-154
- Page Count: 8
- Language: English