Mega shift: Prepare for a global economic transformation driven by local allocation of resources
As globalization shudders and climate, employment and inequality challenges mount, old economic playbooks are failing. State action, led by local governments and backed by flexible industrial policy, may emerge as the key force shaping how resources are allocated for economies to get ahead.
To devise them, governments must reconsider the fundamental question of who our economies and markets are meant to serve and re-examine the policies and institutions that have brought us to our current economic and political reckoning. While global c... [5135 chars]
Published by: Livemint
Read full article here: https://www.livemint.com/opinion/online-views/mega-shift-global-economic-transformation-local-allocation-of-resources-climate-employment-11767876327675.html
