3. The Challenge of Global Capitalism

소개글

THE FRAGILE GLOBAL ECONOMY

목차

THE FRAGILE GLOBAL ECONOMY

본문내용

Capitalism is the most successful wealth-creating economic system that the world has ever known; no other system, as the distinguished economist Joseph Schumpeter pointed out, has benefited "the common people" as much. Capitalism, he observed, creates wealth through advancing continuously to ever higher levels of productivity and technological sophistication; this process requires that the "old" be destroyed before the "new" can take over. Technological progress, the ultimate driving force of capitalism, requires the continuous discarding of obsolete factories, economic sectors, and even human skills. The system rewards the adaptable and the efficient; it punishes the redundant and the less productive.

참고 자료

The Challenge of Global Capitalism:
The World Economy in the 21st Century
Robert Gilpin