Global economic crises, environmental-resource scarcity and wealth concentration

López, Ramón

2014-01-02T18:45:20Z

LC/G.2468-P

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Includes bibliography

Spanish version available at the Library

Three new structural factors underlie the most recent global crisis:(i); the fact that several high-population countries have joined the growthprocess; (ii); the increasing scarcity of environmental and certain naturalresources; and (iii); the extraordinary concentration of income and wealththat has occurred in the advanced economies over the last two decades.These structural changes have significantly strengthened the links betweenglobal growth and commodity demand; they have made world commoditysupply increasingly inelastic, and have rendered economic growth moredependent on easy monetary and financial policies. The combination ofthese factors could make the world economy highly crisis-prone and mayhinder recovery from the current one.

WEALTH; INCOME DISTRIBUTION; COMMODITY PRICES; INFLATION; COMMODITIES; NATURAL RESOURCES; ECONOMIC GROWTH; ENVIRONMENTAL DEGRADATION; INFLACION; RIQUEZA; DISTRIBUCION DEL INGRESO; ECONOMIC CRISIS; PRECIOS DE PRODUCTOS BASICOS; RECURSOS NATURALES; PRODUCTOS BASICOS; CRECIMIENTO ECONOMICO; DETERIORO AMBIENTAL; CRISIS ECONOMICA;