Problem

Inappropriate uncontrolled markets


Experimental visualization of narrower problems
Other Names:
Uncontrolled market forces
Uncontrolled 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.

Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic GrowthGOAL 16: Peace and Justice Strong Institutions
Problem Type:
F: Fuzzy exceptional problems
Date of last update
27.11.2017 – 18:55 CET