Question

create an infographic that will explain recent developments of solar power that will likely shape the development of macroeconomics in the 21st century.

Answer 1

Answer:

The two recent developments that will likely shape the development of macroeconomics in the 21st century are:

First:

The environmental impact of long-term, fossil-fuel based economic growth Is becoming increasingly a topic of economic, social, and political concern.

Most previous theories assumed that resources and the capacity of the environment to absorb the by-products of economic growth were essentially unlimited or at least that continued developments in technology would keep problems of depletion and pollution at bay.

This is increasingly questioned as the scale of human economic activity grows larger.

Second:

The persistence of substantial global poverty, as mentioned in the earlier discussion of social sustainability, has called into question the appropriateness of traditional ideas about economic development.

Questions of what, how and for whom rather than just “how much” are becoming increasingly important in evaluating the effect of economic activity on human well-being.

The lopsided global distribution of resources, disparities in power, war and peace, and global institutions of trade and finance are important to increase human well being on a global scale.

Changing these two will shape the economy.