The 21st Century Economy: Does a Sustainable Solution Space Exist?

Global Solutions Journal, Volume 1, Issue 2, September 2018: pp. 206-213

7 Pages Posted: 7 Oct 2018

See all articles by Dan Ciuriak

Dan Ciuriak

Ciuriak Consulting Inc.; C.D. Howe Institute; Centre for International Governance Innovation (CIGI); BKP Development Research & Consulting GmbH; Asia Pacific Foundation of Canada

Date Written: September 14, 2018

Abstract

The emerging data-driven economy (DDE) promises to intensify the distributional issues that have contributed to disruptive political change in recent years. This raises the question of whether there a solution space in this economy that allows markets to clear and societies to maintain sustainable social compacts? This paper identifies various features of the current model of globalization that have contributed to these distributional stresses and suggests possible policy responses. In particular, for governance to keep up with the challenges, the paper argues that it is essential to bring distribution into the formal framework used to measure and manage economic performance.

Keywords: Globalization, Data-Driven Economy, Kleptonomics, Income Distribution, Social Contracts

JEL Classification: F15, F16, F18, F21, F22, F23, F36, F42, F60

Suggested Citation

Ciuriak, Dan, The 21st Century Economy: Does a Sustainable Solution Space Exist? (September 14, 2018). Global Solutions Journal, Volume 1, Issue 2, September 2018: pp. 206-213. Available at SSRN: https://ssrn.com/abstract=3249496

Dan Ciuriak (Contact Author)

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9
Canada

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
M√ľnchen, 80639
Germany

Asia Pacific Foundation of Canada ( email )

Canada

HOME PAGE: http://ciuriakconsulting.com/

Register to save articles to
your library

Register

Paper statistics

Downloads
1
Abstract Views
32
PlumX Metrics