This book is a collection of essays written by Ambassador,
Professor Jorgen Orstrom Moller 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.
Moller 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
At the end, readers will find a short post-scriptum with some of
Moeller's afterthoughts on the important issues discussed
throughout the book.
Foreword (46 KB) by Jagdish Bhagwati (Columbia University)
Introduction to Part I (365 KB)
Contents: "The Global System: "Introduction to Part IChina's Effort
to Redefine Corporate GovernanceWelcome to the Age of
AngstWikileaks and Consequences for Modern DiplomacyThe Deadly
CocktailPrivate Gain, Public LossMaking Profit at the Cost of
Society's InterestConventional Economic Theory -- A Critique
Highlighting Flaws in American Style Capitalism"Scarcities -- New
Economic Thinking: "Introduction to Part IIKey Events Driving the
Future of Chinese EconomySaving Resources with a Tax on Their Total
UseWant a Way Out of the Recession? Create Jobs by Saving
ResourcesThe Era of ScarcitiesAsia Redraws the Map of ProgressTax
on Commodity Profits Could Postpone Scarcity"Debt: "Introduction to
Part IIIThe Way Out of the Debt TrapGlobal Debt Picture Not Very
PrettyInflation or Deflation? Both US More Worrying Than EuropeWhy
Debt Does Not Go AwayGlobal Economy Faces Wealth RedistributionHas
the Fed Got It Wrong Again?The Markets Prey on Debt-Laden
NationsNationalism or Capitalism? Sovereign Wealth Funds of
Non-OECD CountriesAgonising Wait for US Economy to RebalanceGet Out
While You CanUS Recession: Spend Now, Save Later"The Euro-Zone:
"Introduction to Part IVLessons Asia Can Learn From EuropeEurope,
Not Euro, May Break ApartNow Comes the Hard Part for the
Euro-ZoneWhy the Euro Will SurviveIn Europe, North Battles
SouthEurope After the Debt CrisisPainful Euro Crisis and Lessons
for the Worl
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