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The Changed World Economy

Bibliographic Data

ID3500508
AuthorsPeter F Drucker (0000-0002-3540-6196, corresponding author)
Year1986
Volume64
Issue4
Pages768
Publication date1986-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueForeign Affairs (JOURNAL)
Journal identifiersISSN: 0015-7120 • E-ISSN: 2327-7793
PublisherJSTOR (PUBLISHER)
DOI10.2307/20042687
OpenAlexW76274009
LanguageEN
Citations received72

T JLhe talk today is of the changing world I wish to argue that the world economy is not changing; it has already changed?in its foundations and in its structure?and in all probability the change is irreversible. Within the last decade or so, three fundamental changes have occurred in the very fabric of the world economy: ?The primary-products economy has come uncoupled from the industrial economy. ?In the industrial economy itself, production has come uncoupled from employment. ?Capital movements rather than trade (in both goods and services) have become the driving force of the world economy. The two have not quite come uncoupled, but the link has become loose, and worse, unpredictable. These changes are permanent rather than cyclical. We may never understand what caused them?the causes of economic

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Unique citing works72
Citations per year1,8
Citation span1986 - 2026 (41)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 60

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