In this paper using causal layered analysis, the underlying stories of the global financial crisis (gfc) are explored. The seven narratives presented are the GFC as: 1) a mortgage crisis, 2) a global banking crisis, 3) as part of the natural creative destruction cycle of the capitalist system, 4) a geopolitical shift from the USA to Chindia, 5) part of God’s plan, 6) a symptom of the inequity of the world capitalist system, and 7) a window of opportunity to a transformed greener partnership world. From analysis, the essay moves to five scenarios of the futures of the world system. These are: 1) business as usual, 2) the rise of «Chindia», 3) the quick and long road to sustainability, 4) the end game of capitalism, and 5) a new era.
|Translated title of the contribution||The futures of the world and the global financial crisis: defining narratives and creating scenarios|
|Number of pages||28|
|Publication status||Published - 2011|
- global financial crisis
- alternative futures
- causal layered analysis
- futures studies