Economics policy to change a world economy?

Answer 1

Yes. Question is, how do you want to change it? Do you want to ration Natural Resources? Or do you want to create maximum economic growth? If you want to ration natural resources, you need to control the money supply, you need to have higher marginal taxes, you need to have government regulation, you need to have a system of trade controls to assure natural resources aren't taken by the highest bidder but rather by certain trade partners. If you want to create maximum economic growth, you grow the money supply, you lower marginal taxes, you minimize government regulation, you lift trade controls so natural resources go to the highest bidder (who presumably has the highest value use). But you'll use your natural resources faster. If you want something in the middle, then you pick policies in the middle, and then everyone fights over what you should be doing. The benefit to maximum economic growth is that as resources dwindle in supply, substitutionary resources tend to emerge- solar energy for oil, wireless for copper, skyscrapers for land, for example.