The Global Economy in Transition Debt and Resource Scarcities

This book is a collection of essays written by Ambassador, Professor Joergen Oerstroem Moeller from the middle of 2009 to end of 2012, commenting on global economic and political events, which reflect Moeller's judgment and evaluation on these issues. Readers get an overview to the collection of essays and the worldview they represent in an introductory chapter weaving together strands of economics, politics, and societal issues. Moeller goes a step further by sketching up a picture of how a future economic model and political system may look forged by debt, scarcities, economic integration, and the rise of Asia. Part I deals with global systems and possible long trends shaping the future over the coming decades, as the current political system and economic model, having run their course, come to an end. Part II discusses how the era of scarcities will change economic behaviour in terms of economic models. Part III looks into the global debt problem, which confines the world to low growth over one or two decades as the world tries to get rid of the debt burden. Part IV forms an analysis of what has happened in the Euro-zone and how the global debt crisis has compelled the Europeans to take the next steps in integration and address the shortcomings and flaws in the original treaty from 1992. Part V turns to Asia and its future in the global economy. It concentrates on Asian integration and how the Asian countries will fare in the future under much changed circumstances compared to how things looked when the Asian adventure started some 30 40 years ago. At the end, readers will find a short post-scriptum with some of Moeller's afterthoughts on the important issues discussed throughout the book.