Il tentativo di tracciare una mappa del futuro sviluppo del sistema energetico del mondo. La sicurezza degli approvvigionamenti diventerà sempre più importante e la percezione del rischio si trasmetterà in un aumento del prezzo del petrolio.
This paper examines three different explanations of the global financial imbalances. It begins with the neoliberal globalization hypothesis that explains the imbalances as the product of the model of globalization implemented over the past thirty years. It then examines the saving glut and reserve currency hypotheses. The paper concludes by arguing that both the saving glut and reserve currency hypotheses are inconsistent with the empirical record and both provide a misleading guide for policy.
"The Quest: Energy, Security, and the Remaking of the Modern World" by Daniel Yergin is a comprehensive essay on the recent history and on the likely future of the oil and energy in a rather optimistc landscape. But, starting whith its "financialization", many problems remain open.
Generalized efforts by all governments to balance their budgets simultaneously might actually result in a perverse combination of budgetary (and trade) imbalances as well as a lower level of employment and income worldwide
The globalization looked as an irreversible process, but it has been deeply upset by the crises of the last decade, and the classic international division of labor doesn’t work anymore. National states are coming back.
We have reached the endpoint of globalization as we have known it. For Americans the most ominous development is that trade deficits, Chinese officials understand that they are essentially doing what in the past did Japan, South Korea, Taiwan and Singapore, when US policy-makers assumed that the rivals would eventually adopt the American model and become more like us. They never really have.
