Summary

Unit 2 deals with economic development in the 21st century. Based on empirical studies, it accounts for the development of the economy since 1700 and predicts its evolution till the end of the 21st century, taking into account the impact of the tremendous changes that are underway on the 4th industrial Revolution. The most prominent themes in this unit are economic growth, inflation, employment, universal basic income and new forms of e-business in the services.

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