Economic Instability, Innovation Dynamics, and GDP Measurement Flaws
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Foundations of Modern Economic Dynamics
Systemic Economic Weaknesses and Global Competition
These are the foundational germs of instability: the entry of new competitors in the market that challenge the market shares of established countries. There are limitations of FBK for growth, and difficulty maintaining productivity levels based on FBK. Cheap money due to monetary policy generates a situation of over-indebtedness among companies, consumers, and the public administration. This leads to the uncontrolled creation of money supply for speculative investments, resulting in a growing and continuous debt. These issues were exacerbated by the deregulation and economic liberalism of the 1990s.
Limitations and Inclusions of GDP per Capita
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