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Introduction:

Since capitalism became the prevailing global economic and, alas, system of society, the world has experienced recurring economic crises. These crises will keep coming, since they are part and parcel of the capitalist economic system.

The outcome of the crises is that wealth is concentrated on fewer and fewer hands &ndash; fewer individuals and fewer corporations &ndash; at the expense of the many. More and more people are pushed into poverty. More than half of the world&rsquo;s population live on less than US$ 2.50 a day, and more than 80% live on less than US$ 10 a day. In the USA, the amount of cash generated within corporations in 2010 increased from US$ 600 billion to US$ 900 billion, while thousands of small businesses had to close down and many families lost their homes.

Governments all over the world are scrambling to make ends meet. The measures they take to solve their deficits are hitting ordinary people and especially the poor &ndash; cutting down on public health care and education, rising the retirement age, slashing pensions, increasing taxes, and making people pay for services that used to be free. The debt of most governments is growing steadily, and as always with debt, this limits the freedom to act. And as always with government debt, the bill is paid by the people.

The global economic picture is changing &ndash; a new world order.

Big corporations have more money and power than most national states and are making their own policies and economic development plans.

In the past couple of years we have seen how fast the economic development can change life for people on this planet. In this course we will take a grand view of the world and deliberate what forces are at play and imagine possible future scenarios.

Directive:

1.&nbsp;&nbsp;&nbsp;&nbsp; The teacher gives a course on the grand view of the world using the files:

a.&nbsp;&nbsp;&nbsp;&nbsp; &ldquo;The situation in the world&rdquo;, 2007, Jytte Martinussen.

b.&nbsp;&nbsp;&nbsp;&nbsp; &ldquo;The global economy&rdquo;, 2004, Mikael Norling and Ole Tarp.

c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &ldquo;A new world order&rdquo;, History Front.

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2.&nbsp;&nbsp;&nbsp;&nbsp; Look at a world map. Summarize what characterize each region: USA, Europe, Southeast Asia, China, India and Africa. Find at least 5 economic indicators and features to describe each region.

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3.&nbsp;&nbsp;&nbsp;&nbsp; Discuss what you see as the potentials in each of the regions for making a better world. Discuss several possible future scenarios. (here we have to take global issues such as global warming and climate change and the end of fossil fuel into the picture as this maybe more than anything else will influence future economic developments)

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4.&nbsp;&nbsp;&nbsp;&nbsp; Present your possible future scenarios to your team/staff at the project and get everyone engaged in a discussion about where the economic development in the world is heading and how you see yourselves as player in the whole picture.

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5.&nbsp;&nbsp;&nbsp;&nbsp; Send a summary of the debate along with your future scenarios to your teacher.

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