Six Crises Of The World Economy

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Six Crises of the World Economy

Author : José A. Tapia
Publisher : Springer Nature
Page : 351 pages
File Size : 47,7 Mb
Release : 2024-01-28
Category : Political Science
ISBN : 9783031387357

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Six Crises of the World Economy by José A. Tapia Pdf

This book is about the crises of the world economy that have occurred from the 1970s to the present day. It makes the specific case that the global economy has experienced six crises during this 50-year period. Crises of the global economy are periods of substantial slowdown in world economic activity—as measured by investment, industrial production, trade, or unemployment—in which many national economies are technically in recession. To pose the existence of crises of the global economy implies that the world economy is a real entity with its own dynamics; it implies also that the usual approach that views national economies as the appropriate units of economic analysis has major limitations. The author provides data illustrating the global and regional manifestations of these crises of the world economy, elaborates on the concepts of world economy and economic crisis, and discusses the theories that have been used to explain them. The book shows how these recurrent global crises are discrete, countable phenomena, distinct states of an entity that can be appropriately referred to as the world or global economy, or world capitalism.

Global Slump

Author : David McNally
Publisher : PM Press
Page : 289 pages
File Size : 48,6 Mb
Release : 2010-12-09
Category : Business & Economics
ISBN : 9781604860658

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Global Slump by David McNally Pdf

Global Slump analyzes the global financial meltdown as the first systemic crisis of the neoliberal stage of capitalism. It argues that—far from having ended—the crisis has ushered in a whole period of worldwide economic and political turbulence. In developing an account of the crisis as rooted in fundamental features of capitalism, Global Slump challenges the view that its source lies in financial deregulation. The book locates the recent meltdown in the intense economic restructuring that marked the recessions of the mid-1970s and early 1980s. Through this lens, it highlights the emergence of new patterns of world inequality and new centers of accumulation, particularly in East Asia, and the profound economic instabilities these produced. Global Slump offers an original account of the “financialization” of the world economy during this period, and explores the intricate connections between international financial markets and new forms of debt and dispossession, particularly in the Global South. Analyzing the massive intervention of the world’s central banks to stave off another Great Depression, Global Slump shows that, while averting a complete meltdown, this intervention also laid the basis for recurring crises for poor and working class people: job loss, increased poverty and inequality, and deep cuts to social programs. The book takes a global view of these processes, exposing the damage inflicted on countries in the Global South, as well as the intensification of racism and attacks on migrant workers. At the same time, Global Slump also traces new patterns of social and political resistance—from housing activism and education struggles, to mass strikes and protests in Martinique, Guadeloupe, France and Puerto Rico—as indicators of the potential for building anti-capitalist opposition to the damage that neoliberal capitalism is inflicting on the lives of millions.

Crisis in the World Economy

Author : Andre Gunder Frank
Publisher : New York : Holmes & Meier Publishers
Page : 366 pages
File Size : 42,8 Mb
Release : 1980
Category : Business & Economics
ISBN : 0841905967

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Crisis in the World Economy by Andre Gunder Frank Pdf

Investigates the reasons for inflation and unemployment in the Western nations, and what effect the demands of Third World countries will have on the world economy of the future

The 99 Percent Economy

Author : Paul S. Adler
Publisher : Oxford University Press
Page : 272 pages
File Size : 41,8 Mb
Release : 2019-09-05
Category : Political Science
ISBN : 9780190931896

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The 99 Percent Economy by Paul S. Adler Pdf

We live in a time of crises - economic turmoil, workplace disempowerment, unresponsive government, environmental degradation, social disintegration, and international rivalry. In The 99 Percent Economy, Paul S. Adler, a leading expert on business management, argues that these crises are destined to deepen unless we radically transform our economy. But despair is not an option, and Adler provides a compelling alternative: democratic socialism. He argues that to overcome these crises we need to assert democratic control over the management of both individual enterprises and the entire national economy. To show how that would work, he draws on a surprising source of inspiration: the strategic management processes of many of our largest corporations. In these companies, the strategy process promises to involve and empower workers and to ensure efficiency and innovation. In practice, this promise is rarely realized, but in principle, that process could be consolidated within enterprises and it could be scaled-up to the national level. Standing in the way? Private ownership of society's productive resources, which is the foundation of capitalism's ruthless competition and focus on private gain at the cost of society, the environment, and future generations. Adler shows how socialized, public ownership of our resources will enable democratic councils at the local and national levels to decide on our economic, social, and environmental goals and on how to reach them. The growing concentration of industry makes this socialization step ever easier. Democratic socialism is not a leap into the unknown, Adler shows. Capitalist industry has built the foundations for a world beyond capitalism and its crises.

Developing Country Debt and the World Economy

Author : Jeffrey D. Sachs
Publisher : University of Chicago Press
Page : 350 pages
File Size : 41,7 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226733234

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Developing Country Debt and the World Economy by Jeffrey D. Sachs Pdf

For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade or more. Poverty in those countries have intensified as they struggle under the burden of an enormous external debt. In 1988, more than six years after the onset of the crisis, almost all the debtor countries were still unable to borrow in the international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread defaults on those debts. Because of the urgency of the present crisis, and because similar crises have recurred intermittently for at least 175 years, it is important to understand the fundamental features of the international macroeconomy and global financial markets that have contributed to this repeated instability. Developing Country Debt and the World Economy contains nontechnical versions of papers prepared under the auspices of the project on developing country debt, sponsored by the National Bureau of Economic Research. The project focuses on the middle-income developing countries, particularly those in Latin America and East Asia, although many lessons of the study should apply as well to other, poorer debtor countries. The contributors analyze the crisis from two perspectives, that of the international financial system as a whole and that of individual debtor countries. Studies of eight countries—Argentina, Bolivia, Brazil, Indonesia, Mexico, the Philippines, South Korea, and Turkey—explore the question of why some countries succumbed to serious financial crises while other did not. Each study was prepared by a team of two authors—a U.S.-based research and an economist from the country under study. An additional eight papers approach the problem of developing country debt from a global or "systemic" perspective. The topics they cover include the history of international sovereign lending and previous debt crises, the political factors that contribute to poor economic policies in many debtor nations, the role of commercial banks and the International Monetary Fund during the current crisis, the links between debt in developing countries and economic policies in the industrialized nations, and possible new approaches to the global management of the crisis.

This Time Is Different

Author : Carmen M. Reinhart,Kenneth S. Rogoff
Publisher : Princeton University Press
Page : 513 pages
File Size : 42,8 Mb
Release : 2011-08-07
Category : Business & Economics
ISBN : 9780691152646

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This Time Is Different by Carmen M. Reinhart,Kenneth S. Rogoff Pdf

An empirical investigation of financial crises during the last 800 years.

Law & Capitalism

Author : Curtis J. Milhaupt,Katharina Pistor
Publisher : University of Chicago Press
Page : 281 pages
File Size : 47,8 Mb
Release : 2008-09-15
Category : Law
ISBN : 9780226525297

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Law & Capitalism by Curtis J. Milhaupt,Katharina Pistor Pdf

Recent high-profile corporate scandals—such as those involving Enron in the United States, Yukos in Russia, and Livedoor in Japan—demonstrate challenges to legal regulation of business practices in capitalist economies. Setting forth a new analytic framework for understanding these problems, Law and Capitalism examines such contemporary corporate governance crises in six countries, to shed light on the interaction of legal systems and economic change. This provocative book debunks the simplistic view of law’s instrumental function for financial market development and economic growth. Using comparative case studies that address the United States, China, Germany, Japan, Korea, and Russia, Curtis J. Milhaupt and Katharina Pistor argue that a disparate blend of legal and nonlegal mechanisms have supported economic growth around the world. Their groundbreaking findings show that law and markets evolve together in a “rolling relationship,” and legal systems, including those of the most successful economies, therefore differ significantly in their organizational characteristics. Innovative and insightful, Law and Capitalism will change the way lawyers, economists, policy makers, and business leaders think about legal regulation in an increasingly global market for capital and corporate governance.

Ten Years to Midnight

Author : Blair H. Sheppard
Publisher : Berrett-Koehler Publishers
Page : 156 pages
File Size : 40,6 Mb
Release : 2020-08-04
Category : Business & Economics
ISBN : 9781523088768

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Ten Years to Midnight by Blair H. Sheppard Pdf

“Shows how humans have brought us to the brink and how humanity can find solutions. I urge people to read with humility and the daring to act.” —Harpal Singh, former Chair, Save the Children, India, and former Vice Chair, Save the Children International In conversations with people all over the world, from government officials and business leaders to taxi drivers and schoolteachers, Blair Sheppard, global leader for strategy and leadership at PwC, discovered they all had surprisingly similar concerns. In this prescient and pragmatic book, he and his team sum up these concerns in what they call the ADAPT framework: Asymmetry of wealth; Disruption wrought by the unexpected and often problematic consequences of technology; Age disparities--stresses caused by very young or very old populations in developed and emerging countries; Polarization as a symptom of the breakdown in global and national consensus; and loss of Trust in the institutions that underpin and stabilize society. These concerns are in turn precipitating four crises: a crisis of prosperity, a crisis of technology, a crisis of institutional legitimacy, and a crisis of leadership. Sheppard and his team analyze the complex roots of these crises--but they also offer solutions, albeit often seemingly counterintuitive ones. For example, in an era of globalization, we need to place a much greater emphasis on developing self-sustaining local economies. And as technology permeates our lives, we need computer scientists and engineers conversant with sociology and psychology and poets who can code. The authors argue persuasively that we have only a decade to make headway on these problems. But if we tackle them now, thoughtfully, imaginatively, creatively, and energetically, in ten years we could be looking at a dawn instead of darkness.

Economic Crises

Author : Olivia Wilson-Flores
Publisher : Nova Science Publishers
Page : 292 pages
File Size : 41,6 Mb
Release : 2016
Category : Business & Economics
ISBN : 1536103578

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Economic Crises by Olivia Wilson-Flores Pdf

This book provides new research on economic crises. Chapter One analyzes the relationships between economic downturns and marketing strategies, to provide a snapshot of all the marketing actions developed in a context of economic crisis, trying to give response to one relevant question: "Is the economic crisis changing marketing strategies?" Chapter Two evaluates the effect the 2008 crisis had on the Hungarian industry and on industrial enterprises and to show the strategies and crisis management methods that the industrial enterprises applied during the time of crisis. Chapter Three develops a new model of indicators, aimed to complete gross domestic product (GDP) as the main indicator of economic growth to achieve a better quality of life. Chapter Four discusses economic stress and fear of the financial crisis. Chapter Five reviews empirical research which investigates the impact of economic crises and recessions on suicide. Chapter Six examines the effects of the economic crisis on mental health in Spain. Chapter Seven examines the effects of the Austrian Health Fund Law in 2009 and explores the effects of the economic crisis of 2008 in vulnerable countries of Europe, such as Hungary, France, Italy, Spain and Portugal, in relation with countries sharing similar economic characteristics, but they have not experienced the effects of the economic crisis. Chapter Eight describes the relationships between economic and political crises which occurred repeatedly in Madagascar, and several socio-demographic and health parameters over the 1960-2010 period.

The Global Social Crisis

Author : United Nations,United Nations. Department of Economic and Social Affairs
Publisher : UN
Page : 136 pages
File Size : 50,6 Mb
Release : 2011
Category : Business & Economics
ISBN : MINN:31951D03404215Y

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The Global Social Crisis by United Nations,United Nations. Department of Economic and Social Affairs Pdf

During 2008-2009, the world experienced its worst financial and economic crisis since the Great Depression of the 1930s. The crisis followed the effects of the food and fuel price hikes in 2007 and 2008. In 2009, global output contracted by 2 per cent. This 2011 Report on the World Social Situation reviews the ongoing adverse social consequences of these crises after an overview of its causes and transmission.

Framing the Global Economic Downturn

Author : Paul 't Hart,Karen Tindall
Publisher : ANU E Press
Page : 362 pages
File Size : 44,5 Mb
Release : 2009-09-01
Category : Political Science
ISBN : 9781921666056

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Framing the Global Economic Downturn by Paul 't Hart,Karen Tindall Pdf

The global economic downturn that followed the collapse of major US financial institutions is no doubt the most significant crisis of our times. Its effects on corporate and governmental balance sheets have been devastating, as have been its impacts on the employment and well being of tens of millions of citizens. It continues to pose major challenges to national policymakers and institutions around the world. Managing public uncertainty and anxiety is vital in coping with financial crises. This requires not just prompt action but, most of all, persuasive communication by government leaders. At the same time, the very occurrence of such crises raises acute questions about the effectiveness and robustness of current government policies and institutions. With the stakes being so high, defining and interpreting what is going on, how and why it happened, and what ought to be done now become key questions in the political and policy struggles that crises invariably unleash. In this volume, we study how heads of government, finance ministers and national bank governors in eight countries as well as the EU engage in such 'framing contests', and how their attempts to interpret the cascading events of the economic downturn were publicly received. Using systematic content analysis of speeches and media coverage, this volume offers a unique comparative assessment of public leadership in times of crisis.

Out of the Crisis, reissue

Author : W. Edwards Deming
Publisher : MIT Press
Page : 450 pages
File Size : 50,8 Mb
Release : 2018-10-16
Category : Business & Economics
ISBN : 9780262350037

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Out of the Crisis, reissue by W. Edwards Deming Pdf

Essential reading for managers and leaders based on Deming’s famous 14 Points for Management This is the classic and deeply influential work on business management, leadership, problem solving, and quality control, reissued for readers today Translated into 12 languages and continuously in print since its original publication in 1982, this highly influential framework presents the foundations for a completely transformational way to lead and manage people, processes, and resources. According to Deming, American company management’s failure to plan for the future brings about loss of market, which brings about loss of jobs. Management must be judged not only by the quarterly dividend, but by innovative plans to: • stay in business • protect investment • ensure future dividends • provide more jobs through improved product and service In simple, direct language, Deming explains the principles of management transformation and how to apply them. This edition includes a foreword by Deming’s grandson, Kevin Edwards Cahill, and Kelly Allan, business consultant and Deming expert. “Long-term commitment to new learning and new philosophy is required of any management that seeks transformation. The timid and the fainthearted, and the people that expect quick results, are doomed to disappointment.” —W. Edwards Deming, Out of the Crisis

Social Policy in Times of Austerity

Author : Farnsworth, Kevin,Irving, Zoë
Publisher : Policy Press
Page : 196 pages
File Size : 41,9 Mb
Release : 2015-09-15
Category : Political Science
ISBN : 9781447319115

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Social Policy in Times of Austerity by Farnsworth, Kevin,Irving, Zoë Pdf

The effects of the 2008 financial crisis were ameliorated by large-scale social policy interventions, which both helped limit the depth and duration of the crisis and softened its worst effects on citizens. Yet in the wake of the crisis, those very same social policies and the welfare state they support have come under attack. There is, however, reason to be optimistic, argue the contributors to Social Policy in Times of Austerity. Bringing together leading scholars engaged in the debate over austerity and the future of the welfare state, the book traces the strong currents of resistance to austerity that continue to thrive within organizations, governments, and the citizenry at large.

Financial Crises Explanations, Types, and Implications

Author : Mr.Stijn Claessens,Mr.Ayhan Kose
Publisher : International Monetary Fund
Page : 66 pages
File Size : 41,7 Mb
Release : 2013-01-30
Category : Business & Economics
ISBN : 9781475561005

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Financial Crises Explanations, Types, and Implications by Mr.Stijn Claessens,Mr.Ayhan Kose Pdf

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.

Shutdown

Author : Adam Tooze
Publisher : Penguin
Page : 369 pages
File Size : 41,6 Mb
Release : 2021-09-07
Category : Business & Economics
ISBN : 9780593297551

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Shutdown by Adam Tooze Pdf

"This book’s great service is that it challenges us to consider the ways in which our institutions and systems, and the assumptions, positions and divisions that undergird them, leave us ill prepared for the next crisis."—Robert Rubin, The New York Times Book Review "Full of valuable insight and telling details, this may well be the best thing to read if you want to know what happened in 2020." --Paul Krugman, New York Review of Books Deftly weaving finance, politics, business, and the global human experience into one tight narrative, a tour-de-force account of 2020, the year that changed everything--from the acclaimed author of Crashed. The shocks of 2020 have been great and small, disrupting the world economy, international relations and the daily lives of virtually everyone on the planet. Never before has the entire world economy contracted by 20 percent in a matter of weeks nor in the historic record of modern capitalism has there been a moment in which 95 percent of the world's economies were suffering all at the same time. Across the world hundreds of millions have lost their jobs. And over it all looms the specter of pandemic, and death. Adam Tooze, whose last book was universally lauded for guiding us coherently through the chaos of the 2008 crash, now brings his bravura analytical and narrative skills to a panoramic and synthetic overview of our current crisis. By focusing on finance and business, he sets the pandemic story in a frame that casts a sobering new light on how unprepared the world was to fight the crisis, and how deep the ruptures in our way of living and doing business are. The virus has attacked the economy with as much ferocity as it has our health, and there is no vaccine arriving to address that. Tooze's special gift is to show how social organization, political interests, and economic policy interact with devastating human consequences, from your local hospital to the World Bank. He moves fluidly from the impact of currency fluctuations to the decimation of institutions--such as health-care systems, schools, and social services--in the name of efficiency. He starkly analyzes what happened when the pandemic collided with domestic politics (China's party conferences; the American elections), what the unintended consequences of the vaccine race might be, and the role climate change played in the pandemic. Finally, he proves how no unilateral declaration of 'independence" or isolation can extricate any modern country from the global web of travel, goods, services, and finance.