Problem
Inappropriate uncontrolled markets
Experimental visualization of narrower problems
Other Names:
Uncontrolled market forcesUncontrolled market economy
Nature:
The continuation of past economic attitudes which affirmed that the economy is limitless, self-sustaining and controlled by natural law, has resulted in there being no perceived necessity for systematic planning, organization and coordination of market facilities. This non-political operating stance is being radically called into question by the present collapse in the economy, as demonstrated in the misuse of the environment and the multitudes of poor people throughout the world.
Incidence:
Global market forces have ensured inappropriate development in developing countries through: allowing the limited numbers of relatively rich to appropriate most, if not all, of the available resources; encouraging the development of industries inappropriate to developing countries because they failed to respond to needs of the the majority of the people; and much of the productive capacity of developing countries has become geared to the needs of the industrialized countries.
Broader Problems:
Economic inefficiencyUnsustainable economic development Narrower Problems:
Unconstrained free tradeNon-political market allocationNatural law thinking of marketersUnsystematic allocation of market facilitiesResource consumption exacerbated by price distortions Related Problems:
Restrictions on market accessLimited image of employabilityConflicting social service ideologiesUncontrolled application of technologyInadequate integration of environmental and economic issues Reduced By:
Lack of arbitrating in the commodity marketsStrategies:
Using market forces to improve global environmentEnhancing independence of marketsControlling markets Subject(s):
Commerce → MarketDefence → Military forces
Cybernetics → Control
Economics → Economy
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
02.04.2020 – 06:04 CEST