The Evolution of Economic Wellbeing: Progress-Driven Economic Policies in the Era of Globalization

1st Edition

Zuhayr Mikdashi

Routledge
January 16, 2019 Forthcoming
Reference - 368 Pages - 3 B/W Illustrations
ISBN 9781138594661 - CAT# K387205
Series: Routledge Studies in the Modern World Economy

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Summary

Throughout history, humans have sought to enhance their wellbeing across various domains, though the spectrum of factors responsible for wellbeing has widened considerably, advances have been realized in scientific-technological fields, significant failures have been encountered in establishing peaceful relations among various communities, and the natural environment has been degraded inconsiderately by humans since the Industrial Revolution.

This book identifies the key factors that influence changes in wellbeing – both positively and negatively – within a framework of socio-economic globalization, instantaneous inter-connectedness, and rising environmental risks. These "clusters of progress" comprise essentially of the following seven areas: "bolstering peace and security"; "respecting universal fundamental values"; "satisfying personal and social basic needs"; "expanding knowledge and managerial-technological skills"; "promoting arts and culture"; "husbanding natural resources and protecting the environment; and "concerting actions for the global common good".

The term progress is used here to mean an all-embracing sustainable advancement toward desirable goals (be they material or non-material), offering higher levels of wellbeing to individuals and to society at large, compared to previous or current conditions.

In unravelling the "progress conundrum", the author draws on his own original research and field work experiences which dovetail with those of other scholars by complementing their findings and/or by offering different appraisals. The author adopts an inter-disciplinary approach that overcomes the "silo-like compartmentalisation" of fields of study. The said approach enables us to reach a better understanding of the complex reality of progress (or regression) in various domains.

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