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SUBJECT:
Methods for modelling the global economy.
SIGNIFICANCE:
At a time of financial and economic instability in most major economies, the need for a coherent model with which to forecast the future of the global economy is acute. Yet there is no consensus on which model to use, and none of the existing models is able comprehensively to accommodate truly global phenomena.
Word Count (approx): 2127
Headings
- Classical economics
- Keynesian macroeconomics
- Divided opinion
- International economics
- Global macroeconomics
- Pros and cons
- Data adequacy
- Major problems
- Structure
- Missed phenomena
- A novel global framework
- International relations
- Network analysis
- Far beyond economics
Primary Keywords: INT, International, economy, capital flows, corporate, finance, foreign trade, policy, regulation
Secondary Keywords: China, IMF-World Bank, Mexico, Thailand, United Kingdom, United Nations, United States
What is this article?
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