Every couple of years, it is necessary to revise the Economics syllabus. What was important in the past, is no longer important in the future. Of course, economic fundamentals like supply and demand will always remain valid. But, the issues we apply these to will be changing.
These are some of the emerging trends in economics
There are definitley other issues that could be added to these. But, at the moment the most important 3 developments are probably.
- Growth of China / India
- Environmental issues
- Dealing With Commodity Shortages






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