Problem
International economic fragmentation
Experimental visualization of narrower problems
Other Names:
Distrusted economic co-operationNon-cooperative economic relations
Lack of international economic coordination
Lack of economic cooperation
Economic schism
Divided economic community
Nature:
The EEC/EU, EFTA, the Nordic Council, and other regional organizations outside Europe; and the groupings of nations in the OECD, OPEC and various commodity cartels - all these fragment the world economic system into a drastic play of forces that are beyond any one group of nations to control. Rivalry forces the entire global network of trade and finance to drive upwards and downwards unpredictably with consequent hardships, usually falling more heavily on the smaller nations.
Broader Problems:
FragmentationSocial divisionsLack of international cooperationLack of progress in establishing a New International Economic Order Narrower Problems:
Regional protectionismInadequate regional integration of countriesUnequal income distribution between countriesFragmentation of the international trading systemDivergence of relations among developing countriesImbalance in economic relationships among countries Related Problems:
SchismWorld federalismOver-organizationInadequacy of foreign aid Reduced By:
Dependence of effective cooperation on fearStrategies:
Increasing international economic cooperationMending schismCausing economic schismTrusting economic co-operationDistrusting economic co-operationDividing economic communityIntegrating international economyAbstaining from international economic coordination Subject(s):
Economics → EconomicEconomics → Economics
Innovative change → Appropriateness
Societal Problems → Scarcity
Strategy → Coordination
Value Redistribution → Cooperative
Related UN Sustainable Development Goals:
Problem Type:
C: Cross-sectoral problems Date of last update
10.07.2019 – 16:44 CEST