Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes

The characteristic of a supervolatile “disaster economy” is given, in which the number of shocks caused by natural and man-made disasters is growing. The factors of creating such an economy at the global level are disclosed. The review of discussions about the future of the world (economy, finance)...

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Autor principal:	Ya. M. Mirkin
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2020
Materias:	global finance world economy post-pandemic world natural disasters risks structural changes economics of disasters International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/c5b4c43feec44c7aac15425a42597bf7
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spelling	oai:doaj.org-article:c5b4c43feec44c7aac15425a42597bf72021-11-07T14:45:04ZTransformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes2542-02402587-932410.23932/2542-0240-2020-13-4-5https://doaj.org/article/c5b4c43feec44c7aac15425a42597bf72020-10-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/666https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The characteristic of a supervolatile “disaster economy” is given, in which the number of shocks caused by natural and man-made disasters is growing. The factors of creating such an economy at the global level are disclosed. The review of discussions about the future of the world (economy, finance) after the pandemic - 2020 is made. New longterm trends emerging in such an economy and the deep changes associated with them in the economic and financial structures of the world and the West are forecasted. These trends include: the collective desire for greater autonomy of households and, accordingly, changes in their demand (growth of stocks, reserves, decrease in demand for rental assets, more desire for personal property, for the acquisition of equipment and technologies that provide autonomy, development of offices at home and the transition to a different life model (to be the most at home – the least in the office and in the public space); the digitalization of households; the increasing individualization of demand for products and services; deagglomeration (living in suburbs or satellite cities); increased mobility; increased demand for goods and services related to the protection of life and health. The global trends in the economic / financial behavior of countries are disclosed in detail: protectionism; government policy to keep “the economy on a respirator”; changes in economic ideology, in its “mainstream”; the inevitable emergence of the concept of “economic sacrifice”; growing volatility of the global economy and global finance. In particular, ahead: the development of the ideology of the “economy of fear”; demonstration of a new balance between collectivism and individualism; revaluation of the models of capitalism existing in different countries; ideological revolution in global finance. The possibilities of an unfavorable scenario in the global economy and a strong challenge that still need to be answered are shown - is development or destruction ahead?Ya. M. MirkinАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articleglobal financeworld economypost-pandemic worldnatural disastersrisksstructural changeseconomics of disastersInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 13, Iss 4, Pp 97-116 (2020)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	global finance world economy post-pandemic world natural disasters risks structural changes economics of disasters International relations JZ2-6530
spellingShingle	global finance world economy post-pandemic world natural disasters risks structural changes economics of disasters International relations JZ2-6530 Ya. M. Mirkin Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes
description	The characteristic of a supervolatile “disaster economy” is given, in which the number of shocks caused by natural and man-made disasters is growing. The factors of creating such an economy at the global level are disclosed. The review of discussions about the future of the world (economy, finance) after the pandemic - 2020 is made. New longterm trends emerging in such an economy and the deep changes associated with them in the economic and financial structures of the world and the West are forecasted. These trends include: the collective desire for greater autonomy of households and, accordingly, changes in their demand (growth of stocks, reserves, decrease in demand for rental assets, more desire for personal property, for the acquisition of equipment and technologies that provide autonomy, development of offices at home and the transition to a different life model (to be the most at home – the least in the office and in the public space); the digitalization of households; the increasing individualization of demand for products and services; deagglomeration (living in suburbs or satellite cities); increased mobility; increased demand for goods and services related to the protection of life and health. The global trends in the economic / financial behavior of countries are disclosed in detail: protectionism; government policy to keep “the economy on a respirator”; changes in economic ideology, in its “mainstream”; the inevitable emergence of the concept of “economic sacrifice”; growing volatility of the global economy and global finance. In particular, ahead: the development of the ideology of the “economy of fear”; demonstration of a new balance between collectivism and individualism; revaluation of the models of capitalism existing in different countries; ideological revolution in global finance. The possibilities of an unfavorable scenario in the global economy and a strong challenge that still need to be answered are shown - is development or destruction ahead?
format	article
author	Ya. M. Mirkin
author_facet	Ya. M. Mirkin
author_sort	Ya. M. Mirkin
title	Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes
title_short	Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes
title_full	Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes
title_fullStr	Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes
title_full_unstemmed	Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes
title_sort	transformation of the economic and financial structures of the world: the impact of growing shocks of catastrophes
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2020
url	https://doaj.org/article/c5b4c43feec44c7aac15425a42597bf7
work_keys_str_mv	AT yammirkin transformationoftheeconomicandfinancialstructuresoftheworldtheimpactofgrowingshocksofcatastrophes
_version_	1718443381348106240

Transformation of the Economic and Financial Structures of the World: the Impact of Growing Shocks of Catastrophes

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