Early Modern Globalization and World Dynamics: Global Growth, Global Crisis, and Global Divergence

Author(s):  
Julia Zinkina ◽  
David Christian ◽  
Leonid Grinin ◽  
Ilya Ilyin ◽  
Alexey Andreev ◽  
...  
Author(s):  
Yilmaz Akyüz

The crisis demolished the myth that EDEs were decoupled from advanced economies and BRICS were becoming new engines of global growth. From 2011 onwards, with the end of the twin booms in commodity prices and capital inflows, growth in EDEs has converged downward towards the depressed levels of advanced economies from the very high levels achieved in the run-up to the global crisis and the immediate aftermath. Loss of momentum is particularly visible in economies that failed to manage the earlier booms prudently. In examining the spillovers from policies in major advanced economies and China to EDEs, the chapter introduces the notion of commodity-finance nexus wherein these markets reinforce each other during both expansions and contractions. The chapter concludes with a brief discussion of policies needed to put the world economy into decent shape and to avoid liquidity and debt crises in EDEs.


2017 ◽  
Vol 83 (1) ◽  
pp. 347-355
Author(s):  
William Max Nelson

2016 ◽  
Vol 28 (4) ◽  
pp. 774-786 ◽  
Author(s):  
Maria Fusaro ◽  
Richard J Blakemore ◽  
Benedetta Crivelli ◽  
Kate J Ekama ◽  
Tijl Vanneste ◽  
...  

2019 ◽  
Vol 64 (S27) ◽  
pp. 19-42
Author(s):  
Matthias van Rossum

AbstractEarly modern globalization depended on labour-intensive production and transport of global commodities. Throughout the Dutch Empire of the seventeenth and eighteenth centuries labour was mobilized through a variety of different labour relations (especially casual, contract, slave, and corvée labour). The mobilization of these workers often entailed movements over short, but more often long, distances. Port cities were crucial nodal points connecting various sites of production and circuits of distribution. Furthermore, these ports were themselves also important working environments (ranging from transport and storage, to production and security). As a result, workers from various regional, social, and cultural backgrounds worked in the same environments and were confronted with each other – as well as with the legal and disciplining regimes of early modern urban and corporate authorities. This article studies the development of labour relations in the port work of the Dutch Asian empire, looking at the mobilization and control of labour for dock work (loading and unloading of ships) and transport in its urban surroundings. It will analyse and compare the development of the need for labour, the employment of different sets of labour relations, and the mechanisms of control that developed from it. As the largest trading company active in Asia (up to the 1750s), the case of the Dutch East India Company (VOC) is crucial in understanding the impact of early imperial and capitalist development in changing global social and labour relations.


2021 ◽  
Author(s):  
Kamil Uslu

The world, very different from the 1929 Economic Crisis, the global economy faced a new epidemic health crisis with Covid-19 in China's Wuhan Province in December 2019.This crisis, unlike any other, still continues. The epidemic was originally detected in those found in the seafood and animal market in this region. Later, it threatens the whole world by transmitting from person to person. Countries were quick to stop the economic life with the great global lockdown in order to overcome the Health Emergency. Great uncertainty has overshadowed the future of the global economy as international financial institutions (such as the WB and IMF) are moving fast to help people and countries. Governments have been able to hold back some of the free fall of global growth with exceptional monetary and financial support to individuals and firms. This financial support reached a global level of $ 11.5 trillion as of September 2020. The purpose of our study; Covid-19 Global Crisis; Its Effects on Macroeconomics on Production, Employment, Trade and Tourism Incomes will be investigated. In addition, WHO and countries have been accelerated in search of a solution to the epidemic.


Author(s):  
Julia Zinkina ◽  
David Christian ◽  
Leonid Grinin ◽  
Ilya Ilyin ◽  
Alexey Andreev ◽  
...  

Sign in / Sign up

Export Citation Format

Share Document