this global economy We are in a period marked by instability and crises, from energy to rising inflation and the consequences of Covid-19. However, the focus should be on two “more important” issues going forward: income inequality in societies and, in particular, the impact of climate change.
That was the main conclusion that the award launched this morning. Nobel Prize in Economics by Paul KrugmanIt kicked off today during the inaugural conference of the XXXIII International Congress of the International Center for Research and Information on Public, Social and Cooperative Economics (CIRIEC). Valencia Art Palacewhere the economist predicts this 2022 “An unpleasant year” for the United States or Europe, whose current crisis will still last “a year or two.”We won’t be facing a crisis like in the 70s,” he said. But he assured the media that “the global economy in 2024 will be very similar to what it was in 2019”, because there will be positive factors. A decrease in inflation or stability in demand.
Looking at the current situation, Krugman He assured that, despite all its consequences, a lack of energy or covid-19 “is not the most important” because it will have “less impact” in the long run. In this sense, he added, what will be resolved for companies and the world economy is “the need to pay a little bit more of labor costs” in the territory of southern Europe or Mexico.
On the other hand, regarding the recovery of the supply chain, the Nobel Laureate stated that the situation is gradually “improving” and that, for example, “major retail chains in the US are already in the process of exiting stocks”, although issues such as energy remain “issues” today. .
Paul Krugman was very open about his lecture and the current and future paradigm of inequality and climate change. Regarding the first, the economist assured that a vacuum in society “reduces the capacity to act collectively” because people exist. [los más perjudicados] “those who think they are not part of society”.
Similarly, regarding the climate issue, Krugman “If you’re not afraid, you’re not paying attention,” he said, with the current situation and perspectives. That’s why he wanted it to be addressed at the “international level” because “we can make an effort as individuals, but ultimately great effort must be made by governments.” And in this institutional work, the American professor also stressed that “the social economy and cooperatives must be part of the puzzle that solves the problem.”