Booklet updated on 3 Aug 2022, now on sale as version 2.0
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Literature Review: Economy Problems for the 2020s
The Russian–Ukrainian war is a dramatic effect of the growing imbalances and instability of the global economic and political order, together with other effects that this contribution analyzes. This paper in fact offers empirical evidence of a rampant “global protectionism”, the slowdown of the world’s economy in the long term, and the changing structure of global value chains. Radical changes are on the agenda of a future that could follow dangerous paths of the past. .
The Great Moderation, a period of steady growth and inflation, is over, in our view. Instead, we are braving a new world of heightened macro volatility – and higher risk premia for both bonds and equities. This regime has echoes of the early 1980s, so we’re calling our Midyear Outlook Back to a volatile future. We ultimately expect central banks to live with inflation, but only after stalling growth. The result? Persistent inflation amid sharp and short swings in economic activity. We stay pro- equities on a strategic horizon but are now underweight in the short run .
Peace, diplomacy, and international cooperation are fundamental conditions for the world to progress on the Sustainable Development Goals towards 2030 and beyond. The war in Ukraine and other military conflicts are humanitarian tragedies. They also impact prosperity and social outcomes through the rest of the world including exacerbating poverty, food insecurity, and access to affordable energy. The climate and biodiversity crises amplify the impact of these crises. It is clear that these multiple and simultaneous crises have diverted policy attention and priorities away from medium and long-term goals such as the SDGs and the Paris Climate Agreement .
Starting from such general references, this booklet identifies ten relevant issues, as put forward at academic level in the form of recent journal articles, conference proceedings or students’ theses. Four freely accessible internet references have been selected for each issue and direct links are provided at the end of each chapter for own consultation. Our references neither intend to mirror ranking indexes nor establish novel classifications. On the contrary, they are meant to represent peer-reviewed, scientifically-sound case studies for dissemination aimed at non-specialist readers. They will also offer even more references through their own bibliography list.
Without further ado, these are the “Ten Problems for Economy in the 2020s” that we are going to introduce in this booklet:
Each problem has its own dedicated chapter made of an introduction, a snippet from the 1st edition of this booklet, a short presentation of four new case studies, a conclusions section and the references list with links.
The final chapter of this booklet will report the conclusions from each chapter, again, in order to provide a complete executive summary.
GENERAL REFERENCES CITED
 Mariotti, S. A warning from the Russian–Ukrainian war: avoiding a future that rhymes with the past. J. Ind. Bus. Econ. 2022. https://link.springer.com/content/pdf/10.1007/s40812-022-00219-z.pdf
 Hildebrand, P. et al. 2022 midyear outlook. Back to a volatile future. 2022, BlackRock Investment Institute, New York, United States. https://www.blackrock.com/corporate/literature/whitepaper/bii-2022-midyear-global-outlook.pdf
 Sachs, J.D. et al. From Crisis to Sustainable Development: the SDGs as Roadmap to 2030 and Beyond. Sustainable Development Report 2022. 2022, Cambridge: Cambridge University Press. https://s3.amazonaws.com/sustainabledevelopment.report/2022/2022-sustainable-development-report.pdf
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