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The formal economy and the real world

The formal economy and the real world This article reports a wide range of complementary or antinomic insights into the multi-layered globalizing process, in an attempt to understand its causes and significance. Different perceptions and assessments of its far-reaching consequences all over the world are picked out. The ambiguity of the high-technology revolution with potential transition from material to time values is contrasted with the self-destructive bases of self-interest policies, and the flagrant defeat of the modern economy among those excluded from planetary society. While on the surface it seems to be only a change of relations between the finance sphere and the "real economy", the more comprehensive and penetrating cognition of recent occurrences reveals a questioning of human values. New forms of social relationships will need to be imagined to define what human worth is. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png foresight Emerald Publishing

The formal economy and the real world

Matko Meštrović
foresight , Volume 2 (3): 13 – Jun 1, 2000
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Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
1463-6689
DOI
10.1108/14636680010802717
Publisher site
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Abstract

This article reports a wide range of complementary or antinomic insights into the multi-layered globalizing process, in an attempt to understand its causes and significance. Different perceptions and assessments of its far-reaching consequences all over the world are picked out. The ambiguity of the high-technology revolution with potential transition from material to time values is contrasted with the self-destructive bases of self-interest policies, and the flagrant defeat of the modern economy among those excluded from planetary society. While on the surface it seems to be only a change of relations between the finance sphere and the "real economy", the more comprehensive and penetrating cognition of recent occurrences reveals a questioning of human values. New forms of social relationships will need to be imagined to define what human worth is.

Journal

foresight – Emerald Publishing

Published: Jun 1, 2000

Keywords: High technology; Economy

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