scholarly journals Global banking and the spillovers from political shocks at the core of the world economy

2021 ◽  
Author(s):  
Raphael Cunha ◽  
Andreas Kern
Keyword(s):  
World Economy ◽  
The Core ◽  
Global Banking ◽  
The World

The Global Financial Networks

2018 ◽  
Author(s):  
Dariusz Wójcik
Keyword(s):  
Public Finance ◽  
Financial Crisis ◽  
World Economy ◽  
Global Financial Crisis ◽  
Global Network ◽  
Financial Networks ◽  
Business Services ◽  
Dynamic Framework ◽  
The Core ◽  
The World

The chapter outlines the concept of the global financial networks, defined as networks of the financial and business services firms, and their activities linking financial centres, offshore jurisdictions, and the rest of the world. It is a concept that helps to map finance, place it on the map of the world economy, and analyse the latter in a dynamic framework accounting for the forces of globalization and financialization. At the core of the global financial networks lies the global network of securities centres, focused on the creation, distribution, and circulation of securities, which contributed to the recent global financial crisis. Major trends reshaping the global financial networks include the rise of regulation and public finance, technologies connecting investors, borrowers and lenders with each other, and a potential geo-financial shift towards Asia.

scholarly journals Investigating the Asymmetric Core/Periphery Structure of International Labor Time Flows

2021 ◽  
Vol 27 (1) ◽  
pp. 231-264
Author(s):  
Junfu Zhao
Keyword(s):  
Regression Analysis ◽  
World Economy ◽  
International Division ◽  
Labor Time ◽  
The Core ◽  
International Labor ◽  
Downward Pressure ◽  
The World ◽  
Capitalist World Economy ◽  
Capitalist World

This paper studies the core/periphery hierarchy of the capitalist world-economy in the current globalization era. The central and novel argument is that the network of international labor time flows reveals the core/periphery hierarchy of the world-economy with regard to the international division of labor. Based on the analysis of the labor time network of forty economies from the world input-output table, I find that the core/periphery structure of the world-economy has in large part remained unaltered for 1995-2009, though the asymmetry of international labor time flows decreased slightly between 2003-2009. Through regression analysis, I find that per capita income of a country is strongly associated with its command over global labor time. The regression analysis also lends evidence to the existence of oligarchic wealth. This wealth is not available to all countries, implying that the struggle of a country to improve its position in the capitalist world-economy tends to put downward pressure on the income of other countries.

scholarly journals Disarticulation and the Crisis of Neoliberalism in the United States

2018 ◽  
Vol 46 (1) ◽  
pp. 65-81
Author(s):  
David Jaffee
Keyword(s):  
United States ◽  
World Economy ◽  
The United States ◽  
Basic Operation ◽  
The Core ◽  
Structural Distortions ◽  
United States Economy ◽  
Economic Stagnation ◽  
The World ◽  
Neoliberal Policies

Neoliberal policies instituted since the 1980s have transformed the United States economy in ways that have produced serious structural distortions in the basic operation of capitalism. Using Samir Amin’s concept of disarticulation, previously applied exclusively to the periphery of the world economy, this article argues that the twin and mutually reinforcing features of neoliberalism – global corporate restructuring and financialization – have now generated disarticulation in the core nations. This disarticulated structure is responsible for the economic stagnation and sharply unequal income/wealth distributional outcomes that characterize contemporary U.S. capitalism.

scholarly journals FOREIGN DIRECT INVESTMENT IN WORLD ECONOMY, INVESTMENT POLICY AND PANDEMIC

2020 ◽  
pp. 119-123
Author(s):  
М.Л. Лучко
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
World Economy ◽  
Investment Policy ◽  
Main Role ◽  
Investment Policies ◽  
Economies In Transition ◽  
The Core ◽  
The World ◽  
The Impact

Статья посвящена анализу современных трендов прямых иностранных инвестиций (ПИИ) в мировой экономики. Автор рассматривает объем, динамику и структуру ПИИ в последние годы, кроме того, анализируются процессы транснационализации, главную роль в которых играют транснациональные корпорации (ТНК), в том числе, на основе Индекса транснациональности. Выявляются топ-10 нефинансовых ТНК мира, а также топ-10 нефинансовых ТНК из развивающихся стран и стран с переходной экономикой, а также направления инвестиционной политики в современных условиях. В статье анализируется влияние пандемии на объем мировых ПИИ в 2020 г. и на инвестиционную политику государств, которые борются с пандемией. This article is dedicated to the analysis of modern trends in foreign direct investment (FDI) in the world economy. The author examines the volume, dynamics and structure of FDI in recent years, besides that, analyzes the processes of transnationalization where transnational corporations (TNCs) are playing the main role, in particular, based on the core of Transnationality Index. The top 10 non-financial TNCs in the world, as well as the top 10 non-financial TNCs from developing countries and countries with economies in transition, as well as the directions of investment policy in modern conditions are identified. The impact of the pandemic on the volume of global FDI in 2020 and on the investment policies of states that are struggling with the pandemic is analyzed in the article

scholarly journals   Globalisation – content, dynamics

2012 ◽  
Vol 58 (No. 3) ◽  
pp. 127-134 ◽  
Author(s):  
V. Jeníček
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Communication Technologies ◽  
Foreign Direct Investments ◽  
Transport Costs ◽  
Cultural Changes ◽  
The Core ◽  
Cross Border ◽  
Economic Distance ◽  
The World

The notion of international relationships is supplemented by other phenomena during the last time. One of them is globalisation, called on by technological, social and cultural changes, which have shortened the economic distance among countries. The improvement of transport and communication technologies has decreased transport costs of goods, people and information. Traditional governmental policies limiting the cross-border transactions were liberalised or removed what in consequence brought about the growth of international trade and foreign direct investments (FDI). Globalisation changes the properties of the world economy and influences the core of the successful economic approaches to development, what increases the need to secure the sustainability of economic development.  

The World Economy

1998 ◽  
Vol 164 ◽  
pp. 3-3
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Domestic Demand ◽  
Consumer Confidence ◽  
List Type ◽  
Trade Finance ◽  
Euro Zone ◽  
The Core ◽  
The World ◽  
Sustained Recovery

•Euroland will start in 1999 with interest rates around 3.75 per cent, growth of 2.6 per cent and subdued inflation.•Economies on the periphery of the Euro-zone are diverging sharply from those in the core.•Japan's Y16 trillion fiscal package will lift output by under 1 per cent in 1998 and 0.5 per cent in 1999.•A clean-up of the Japanese financial sector is needed to restore consumer confidence and allow a sustained recovery.•Asian export recovery has been delayed because of the Japanese downturn and difficulties in restoring trade finance.•US interest rates will remain on hold as buoyant domestic demand is offset by the disinflationary impact of the Asian crisis.

What is Globalization? The Paradoxes of the Economic and Political Substance of Markets

2013 ◽  
Vol 2 (1) ◽  
pp. 1-15 ◽  
Author(s):  
Yvon Pesqueux
Keyword(s):  
Multinational Corporations ◽  
World Economy ◽  
Trade Flows ◽  
Anthropological Perspective ◽  
Political Issues ◽  
Geographic Space ◽  
The Core ◽  
Political Perspective ◽  
The World ◽  
The Impact

To view globalization in the context of easy or restricted access to global resources is only a very restrictive concept limiting its dimension to geographic space. The term should be assessed in its broader context to understand fully the impact on business, society and culture. This thematic article addresses various perspectives: a descriptive perspective linking globalization with trade flows; a political perspective linking globalization with the ‘crisis’ of sovereignty; a historical perspective about the ‘world-economy’, and a cultural and anthropological perspective. The article goes on to highlight and discuss six senses, each of which has its own logic: an economic sense mainly related to the consequences of multinational corporations’ activity; a geographic sense in which globalization is a geography of flows of activities and their anchorage in a country independent of its geographic space; a political sense that factors in the growing weight of ‘supranational’ organizations and the importance attached to ‘transnational’ political issues; a dogmatic sense in which globalization is a necessary doctrine; a historical sense in which globalization is the current verbalization of capitalism as a political order applicable worldwide; and an organizational sense which places at the core of organizational rationales a relational perspective. The paradoxes of the economic and political substance of the markets are underlined.

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