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World futures and the global financial crisis: narratives that define and scenarios that create

Listed author(s):
  • Sohail Inayatullah

    (Universidad de Tamkang, Taiwán. Universidad de Sunshine Coast, Australia)

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    In this paper using causal layered analysis, the underlying stories of the global financial crisis (gfc) are explored. The seven narratives presented are the GFC as: 1) a mortgage crisis, 2) a global banking crisis, 3) as part of the natural creative destruction cycle of the capitalist system, 4) a geopolitical shift from the USA to Chindia, 5) part of God’s plan, 6) a symptom of the inequity of the world capitalist system, and 7) a window of opportunity to a transformed greener partnership world. From analysis, the essay moves to five scenarios of the futures of the world system. These are: 1) business as usual, 2) the rise of «Chindia», 3) the quick and long road to sustainability, 4) the end game of capitalism, and 5) a new era.

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    Article provided by Gobierno Vasco / Eusko Jaurlaritza / Basque Government in its journal EKONOMIAZ. Revista vasca de Economía.

    Volume (Year): 76 (2011)
    Issue (Month): 01 ()
    Pages: 64-91

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    Handle: RePEc:ekz:ekonoz:2011105
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    Order Information: Postal: Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain

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