Welcome to the InfoSci Platform
From Local to Globalized Markets

From Local to Globalized Markets

Copyright: © 2021 |Pages: 32
ISBN13: 9781799864240|ISBN10: 1799864243|ISBN13 Softcover: 9781799864257|EISBN13: 9781799864264
DOI: 10.4018/978-1-7998-6424-0.ch002
Cite Chapter Cite Chapter

MLA

Torben Larsen. "From Local to Globalized Markets." Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics, IGI Global, 2021, pp.57-88. https://doi.org/10.4018/978-1-7998-6424-0.ch002

APA

T. Larsen (2021). From Local to Globalized Markets. IGI Global. https://doi.org/10.4018/978-1-7998-6424-0.ch002

Chicago

Torben Larsen. "From Local to Globalized Markets." In Applied Doughnut Economics and Neuroeconomic Psychology for Business and Politics. Hershey, PA: IGI Global, 2021. https://doi.org/10.4018/978-1-7998-6424-0.ch002

Export Reference

Mendeley
Favorite

Abstract

The classical market function is a self-stabilizing mechanism approaching an optimal allocation of resources as previewed by Pareto. However, the overwhelming technological progress by market economy, due to extreme economies of scale at the level of globalized technology, has turned the classical assumptions upside-down. In the globalized economy, production costs are continuously declining, and due branding effects demand slightly increase with quantities sold. This results in enormous monopolist revenues, far beyond what is justified by business incentives. An economic-statistical outlook on the most important global super economies and their stated policies on protection of the Ecosystem is presented. It leads to a pension investment guide. Finally, a SWOT-analysis of liberalist market growth ends the chapter.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.