Global Economic Crisis As A Divine Blessing
AbstractThe 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.
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Bibliographic InfoArticle provided by Spiru Haret University, Faculty of Management Brasov in its journal Review of General Management.
Volume (Year): 13 (2011)
Issue (Month): 1 (May)
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Web page: http://www.spiruharet.ro/facultati/facultate.php?id=7
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business fluctuations; technology; macroeconomic policy; positive expectations.;
Find related papers by JEL classification:
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- Y8 - Miscellaneous Categories - - Related Disciplines
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