Problem
Unimaginative vision of existing international economic structures
Other Names:
Inadequate solution-oriented images of the global economic situation Nature:
Existing international monetary structures such as the World Bank and the International Monetary Fund have been effective in fostering certain limited national development. However, considering the global situation as a whole, the effectiveness of these structures is restricted. They are dominated by the most powerful nations, as membership is based on each nation investing capital in proportion to its economic solvency. It then participates in proportion to the amount of that capital. Also, the flow of currency is directed to a limited number of specific development objectives within member nations.Overall images of the global economic system are limited, and even well-informed persons find their reasoning unclear when they confront the question of the system of world distribution of goods and services.
Broader Problems:
Unchallenging world visionDominance of economic motivesParochial limitations on capital flow in relation to global demands Aggravates:
Constrained representation of global interestsUnconvincing alternatives to existing societiesContradictory solutions to national economic goalsIneffective economic structures in industrial nationsInadequate integration of environmental and economic issues Strategies:
Reforming Gross Domestic ProductCreating imaginative vision of international economic structuresImproving solution-oriented images of the global economic situation Subject(s):
Societal Problems → InadequacyPsychology → Imagery
Economics → Economic
International Relations → Planetary initiatives
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST