Emerging Markets and the Pacific Alliance - Open Access Library Journal

OALibJ > Vol.3 No.8, August 2016

Emerging Markets and the Pacific Alliance ()

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DOI: 10.4236/oalib.1102919 1,300 Downloads 2,078 Views Citations

Author(s)

Luis F. Copertari

Affiliation(s)

Computer Engineering Program, Autonomous University of Zacatecas (UAZ), Zacatecas, México.

ABSTRACT

Humanity faces today several challenges, from environmental deterioration to consumerism and a demand from the economy to sustain exponential growth over the long term. A new middle class in emerging markets in Latin America and Asia is gaining purchasing power. The issue of exponential growth is explored as to whether or not it is really sustainable based on a computational experiment. Also, the very idea of money is scrutinized. A new complementary currency called the PAL (for Pacific Alliance dollar) is proposed and the business model is pictured and explained. The way in which such new currency would be valued is illustrated. Finally, the most relevant issues are discussed and some examples of the types of business to promote are considered.

KEYWORDS

Capitalism, Middle Class, Exponential Growth, Complementary Currencies

Share and Cite:

Copertari, L. (2016) Emerging Markets and the Pacific Alliance. Open Access Library Journal, 3, 1-10. doi: 10.4236/oalib.1102919.

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