World Economy in Transition: Technology vs. Politics, Laissez Faire vs. Planning, Power vs. Welfare

World Economy in Transition: Technology vs. Politics, Laissez Faire vs. Planning, Power vs. Welfare

World Economy in Transition: Technology vs. Politics, Laissez Faire vs. Planning, Power vs. Welfare

World Economy in Transition: Technology vs. Politics, Laissez Faire vs. Planning, Power vs. Welfare

Excerpt

The general plan of this book is as follows:

Part I ("Technology versus Politics") shows that fundamental technological changes are pushing mankind in the direction of world-wide economic integration and interdependence, but that political tendencies, at least in recent years, have strongly resisted that trend.

Part II ("The Best Use of World Resources") inquires into the meaning for human welfare of the two conflicting tendencies of technology and politics. Modern technology, by lessening the handicaps of distance and by utilizing large markets and wide supply areas, has put into man's hands a powerful instrument for improving his living standards. It would be unfortunate if inability to solve the political problems connected with a world-wide economy should snatch away the productive advantages thus offered by our technicians. The tendency of politics today towards nationalistic exclusiveness in economic life imperils living standards by making production less efficient. It also lays the basis for endless conflicts and wars by making economic opportunity depend on the amount of territory that a particular state controls.

Part III ("Laissez Faire and Planning") explores the consequences for international economic relations and international economic policy that flow from recent changes in the structure of economic organization, particularly from the increased rôle of governments in economic life and from the rise of "totalitarian" economies. It attempts to state the conditions on which a "mixed" system--partly . . .

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