Global Economy 1987-2017 – Unpredictability of Predictability

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Published Dec 25, 2017

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Gordana Pešaković
Graduate and Undergraduate Business Program Chair Herzing University, Orlando, USA

Abstract

In this paper critical developments that shaped the global economy from 1987 until 2017 were analyzed. The globalization process was addressed from the perspectives of convergence or divergence paths and outcomes. The lessons learned were presented. The need for historical perspective is emphasized. Instead of “superior or inferior model” qualifications, the plurality of ideas is recognized. The arrogance of perceived, yet fragmented knowledge proved to be devastating in the number of economic episodes.

Article Details

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Vol 50 No 3-4 (2017): Economic Analysis
Section
Articles
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