The Global Economy in Transition

This book is a collection of essays written by Ambassador, Professor Jørgen Ørstrøm Møller from the middle of 2009 to end of 2012, commenting on global economic and political events, which reflect Moeller's judgment and evaluation on these issues.
Readers get an overview to the collection of essays and the worldview they represent in an introductory chapter weaving together strands of economics, politics, and societal issues. Møller goes a step further by sketching up a picture of how a future economic model and political system may look — forged by debt, scarcities, economic integration, and the rise of Asia.
Part I deals with global systems and possible long trends shaping the future over the coming decades, as the current political system and economic model, having run their course, come to an end.
Part II discusses how the era of scarcities will change economic behaviour in terms of economic models.
Part III looks into the global debt problem, which confines the world to low growth over one or two decades as the world tries to get rid of the debt burden.
Part IV forms an analysis of what has happened in the Euro-zone and how the global debt crisis has compelled the Europeans to take the next steps in integration and address the shortcomings and flaws in the original treaty from 1992.
Part V turns to Asia and its future in the global economy. It concentrates on Asian integration and how the Asian countries will fare in the future under much changed circumstances compared to how things looked when the Asian adventure started some 30–40 years ago.
At the end, readers will find a short post-scriptum with some of Moeller's afterthoughts on the important issues discussed throughout the book.
Contents:The Global System:Introduction to Part IChina's Effort to Redefine Corporate GovernanceWelcome to the Age of AngstWikileaks and Consequences for Modern DiplomacyThe Deadly CocktailPrivate Gain, Public LossMaking Profit at the Cost of Society's InterestConventional Economic Theory — A Critique Highlighting Flaws in American Style CapitalismScarcities — New Economic Thinking:Introduction to Part IIKey Events Driving the Future of Chinese EconomySaving Resources with a Tax on Their Total UseWant a Way Out of the Recession? Create Jobs by Saving ResourcesThe Era of ScarcitiesAsia Redraws the Map of ProgressTax on Commodity Profits Could Postpone ScarcityDebt:Introduction to Part IIIThe Way Out of the Debt TrapGlobal Debt Picture Not Very PrettyInflation or Deflation? Both!US More Worrying Than EuropeWhy Debt Does Not Go AwayGlobal Economy Faces Wealth RedistributionHas the Fed Got It Wrong Again?The Markets Prey on Debt-Laden NationsNationalism or Capitalism? Sovereign Wealth Funds of Non-OECD CountriesAgonising Wait for US Economy to RebalanceGet Out While You CanUS Recession: Spend Now, Save LaterThe Euro-Zone:Introduction to Part IVLessons Asia Can Learn From EuropeEurope, Not Euro, May Break ApartNow Comes the Hard Part for the Euro-ZoneWhy the Euro Will SurviveIn Europe, North Battles SouthEurope After the Debt CrisisPainful Euro Crisis and Lessons for the WorldThe Euro-Zone Fights for SurvivalAsia in the Global Economy:Introduction to Part VEconomic Integration — The Future for AsiaFrom Asian Financial Crisis to the Western Debt CrisisThe Asian Supply Chain Becomes More CompactWhat Makes S'pore DifferentLessons for Asia From the Global Financial CrisisHow Will Southeast Asia Position Itself in Asia's Future in an Age of Scarcities?How Can ASEAN Stay Relevant?Asia Faces US Default on Its Sovereign DebtUS and China May Move to Cap Military SpendingChina to the Rescue: Growing Out of the Financial CrisisHow the US and Asia Can Help Each OtherReadership: Researchers, professionals, or graduate students interested in globalization, corporate governance, and policy-makers or business leaders involved with economics and politics, who are interested in current global economic trends and issues.