Record Details

Why Governments Failed to Realize Prosperity And How to Structure a Sound Economic System

Journal of Insurance and Financial Management

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Field Value
 
Title Why Governments Failed to Realize Prosperity And How to Structure a Sound Economic System
 
Creator Kababji, Maher Diab
 
Description One of the main functions of a government is to sustain all its population at or above the prosperity level which expresses the feasible material standard of living that an economy can provide. Governments failed to realize prosperity. Financial distress is increasing. More than 3 billion people live on less than $2.50 a day. Living standard of middle class declines. Scarcity of resources, lack of funds, growth in public services, and absence of an International monetary system are presented by politicians and economists as the main factors that cause the failure of the present economic systems to realize prosperity. This paper aims to discuss each of these factors, highlight the pitfalls in economic thinking, and look for an alternative economic system that would reflect fair economy and advance the needs of humanity as a whole.
 
Publisher Journal of Insurance and Financial Management
 
Contributor —
 
Date 2016-06-23
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/42
 
Source Journal of Insurance and Financial Management; Vol 1, No 5 (2016): Journal of Insurance and Financial Management
2371-2112
 
Language eng
 
Relation https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/42/pdf
 
Rights Copyright (c) 2016 Maher Diab Kababji
http://creativecommons.org/licenses/by/4.0