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Redefining Global Economic Thinking for the Welfare of Society by Mashiur Rahman

Redefining Global Economic Thinking for the Welfare of Society

by Mashiur Rahman , Richa Goel , Anthony P. Gomes
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Book cover type: Hardcover
  • ISBN13: 9781799882589
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Business Science Reference
  • Publisher Imprint: Business Science Reference
  • Publication Date:
  • Pages: 300
  • Original Price: GBP 200.0
  • Language: English
  • Edition: N/A
  • Item Weight: 735 grams
  • BISAC Subject(s): Economics / Theory

The richest one percent of the entire population of the world now owns more than half of the global wealth. Global wealth is unequally distributed, gross domestic product (GDP) and consumption are a declining trend, and poverty is an increasing trend. Each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants, which certainly drives an unhealthy and unhappy globe. As such, global economic thinking must be redefined in order to encourage inclusive development and better problem solving. Redefining Global Economic Thinking for the Welfare of Society is a comprehensive reference source that examines the prevailing economic theories and thinking, determines the deficiency of some of the existing economic thinking, and sets up guidelines and transformation of existing economic thinking. Covering topics that include economic development, circular economy, and population health, this serves as an excellent resource for economists, sociologists, government officials, policymakers, practitioners, faculties of universities and colleges, students, researchers, and academicians.

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