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THE ESSENCE AND CAUSES OF DISTURBANCES IN THE WORLD ECONOMY IN THE PERIOD OF DIGITAL TRANSFORMATION

Mirosław GEISE1

Wiedza, kultura i wartości w społeczeństwie cyfrowym- konteksty teoretyczne

Publication language: Polish

Journal article

Transformations No. 2 (113) 2022 Publication date: 30 June 2022

Article No. 20220630183242784

Keywords: digitization, macroeconomic stability, public debt, inflation, real interest rates

Abstract The digital transformation of the world in the first two decades of the 21st century took place in an unstable and deteriorating macroeconomic environment. The macroeconomic imbalances recorded in many countries revealed serious barriers to further socioeconomic development. The article assumes that the main disruptions observed at the beginning of the third decade of the 21st century in most of the world's largest economies are excessive inflation and very high indebtedness of public finance sectors. The simultaneous occurrence of these phenomena significantly complicates the effective implementation of economic policies.

  1. Katedra Ekonomii, Instytut Prawa i Ekonomii, Uniwersytet Kazimierza Wielkiego w Bydgoszczy, Polska

    ORCID: 0000-0002-8658-6617

    E-mail: mgeise@o2.pl