1 page/≈275 words
Business & Marketing
World Economy in 2213 (Essay Sample)
It involved projection of the economy 200 years from 2013. This required an open mind that can be able to extrapolate between the current and the futuristic economic situation.source..
SPECULATION AND OPTIMISM: THE WORLD ECONOMY IN 2213
8TH DECEMBER, 2013
The global economy today presents great hope and optimism over the next 200 years. It is at this time that the financial prediction from our current state of the economy indicates the best experience ever presented in the entire human history. The global population will have declined by about 40% after reaching its climax of ten billion people by the end of the first century from now (Alex 2012). In his opinion, this will encompass the greatest social advancement in all sectors. He further advises that, at the time, the world socio-economic systems will be greatly advanced. In his opinion, the population decline will suppress labor markets and unlimited access to job opportunities. From labor economics stand point; this will lead to increased salaries and incomes being paid to those in active employment. He additionally points out that the population decline will lead a decline in the market for housing. Consequently, this will lead to a decline in the demand for housing and real estate whose current markets are driven by demand-supply market forces and short to midterm speculation of up to the end of the first century from now.
Presented with the opportunities and challenges foreseeable in the next two centuries, huma...
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