In an earlier post (here), I found that the US-MX-CA Trading System could reach Steady State in a number of ways. For a number of reasons, this fictional future is controversial: (1) As long as population growth and technological change continue to increase, the Neoclassical Economic Growth model will never reach equilibrium (unlimited growth forever), (2) in World-Systems Theory, although we live in a World of interacting economic systems, because there is no World Government, there is no World System** and (3) the IPCC Emission Scenarios (see the Boiler Plate and the BAU Scenario) envisions a scenario of the World-System in a Steady State, industrialization seems inconsistent with environmental balance.
Notes
** In World-Systems Theory, the hyphen between "World" and "System" indicates a world of systems. The term "World System" indicates a one-world system. The World System is typically used by the IPCC in Integrated Assessment Models (IAMS). The Contradiction here is that there is no World Government to manage environmental degradation.
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