Growing instability of the socio-economic system
Keywords:
socio-economic system crisis, instability factors, political subsystem, value systemAbstract
The world is facing a growing instability of its socio-economic system. The socio-economic system is comprised of a number of subsystems that are not progressing at equal paces. This creates instability in the entire system.
Shifting centres of gravity in the global economy, demographic shifts, the financial (including debt) crisis, etc. are only the visible consequences of system development.
Shifting centres of economic (and military) power constitute a permanent factor which works relatively slowly, but in the second decade of the 21st century (and onwards) we must deal with a transforming system with not only quantitative but also various qualitative parameters.
Differences in population growth (among countries and continents) and the “Youth Bubble” contribute to rapidly growing immigration, which is becoming an important instability factor (in countries receiving immigrants, it is connected with tremendous differences in the value system).
Political subsystem weaknesses add to this problem, as politicians who do not pursue the right longterm goals create a situation that eventually results in a crisis.
Nowadays we must deal with a crisis in the whole system and try to rebuild the system.
The paper is conceptual and its aim is to initiate discussion.
Downloads
Published
Issue
Section
License
Copyright (c) 2023 Vulfs Kozlinskis

This work is licensed under a Creative Commons Attribution 4.0 International License.
https://creativecommons.org/licenses/by/4.0/deed.en