Abstract
Increasingly, world economic power is likely to be concentrated around the Pacific. The growing middle class in China and India means the emergence of a large, well-educated workforce with a thirst for the world’s base resources. The European Union will continue to import poorer migrants and export its professionals and will endure this evolutionary shock, with its middle class suffering the most. There are some uncertainties: future pandemics, future (perhaps accidental) nuclear strike triggering further destabilisation, a people revolution in China which could trigger unprecedented levels of consumer demand, a great depression in the USA (far more than experienced in 2008/2009) and/or a complete domination of basic resources by an increasingly autocratic and belligerent China (in the absence of the people revolution).
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Pagett, R. (2018). How Governance Systems Have to Change. In: Building Global Resilience in the Aftermath of Sustainable Development. Palgrave Studies in Environmental Policy and Regulation . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-62151-7_25
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DOI: https://doi.org/10.1007/978-3-319-62151-7_25
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