scholarly journals The Rise of China: Continuity or Change in the Global Governance of Development?

2015 ◽  
Vol 29 (4) ◽  
pp. 419-431 ◽  
Author(s):  
Catherine Weaver

The global financial crisis of 2008 was a reflection point for global economic governance. The crisis, which started in the U.S. banking system and had a disproportionate impact on North America and Europe, provoked widespread contemplation of the legitimacy, relevance, and effectiveness of the core ideas, rules, and structures that have governed the world economy over the past century. In turn, the crisis also illuminated the emergence of new players, power dynamics, and paradigms that promise to challenge—if not fundamentally change—the characteristics of the institutional architecture that has governed international finance, trade, and development since the end of World War II.

Author(s):  
John W. Young ◽  
John Kent

International Relations Since 1945 provides a comprehensive introduction to global political history since World War II. The text has been comprehensively updated to cover the period between 2001 and 2012. Discussing the World Trade Center bombing and concluding with the run-up to the 2012 US presidential elections, a new final section outlines broad developments including the changing world order and the global financial crisis. Three new chapters look at terrorism, the wars in Iraq and Afghanistan, and the rise of major new powers including China. Student learning is supported by a range of helpful learning features including biographies of key figures and chronologies of events.


2015 ◽  
Vol 01 (02) ◽  
pp. 205-222
Author(s):  
Sheng Hongsheng

Dramatic changes have taken place in the international legal system since the end of World War II, such as the expanding arenas for application of international law, the emergence of a series of new legal institutions, and the parallel extension of both rights and obligations of states. In recent years, new developments have been arising in the international legal system, manifested by three important sets of transition, that is, from a "sovereign priority" to a "human rights priority"; from "consent-orientation" to "coercion-orientation"; and from "integrity" to "fragmentation." The rise of China and the evolution of international law are closely related: while China's ascent has been achieved within the parameters of the international legal system, a more prosperous and stronger China will certainly influence the future trajectory of the evolving system. China should and can be a positive force in constructing a contemporary international legal order through promoting domestic justice and international rule of law. In this process, China needs to take a more proactive role and evolve from being a recipient to a rule-maker, in order to modify the outdated principles and rules in international law.


2020 ◽  
Vol 32 (3) ◽  
pp. 887
Author(s):  
Federico Steinberg

In recent years, the world economy is undergoing major structural transformations that are questioning the international economic order in effect since World War II, while putting in check the social contract in which stability was established in advanced democracies. The rise of the emerging powers, the global financial crisis of 2008 and the Great Recession that has followed it, the challenges associated with the emergence of the knowledge economy or climate change and the increase in inequality, to mention just a few issues, they are forcing governments to rethink the management of an increasingly intense economic interdependence to respond to new global problems. But this rethinking occurs precisely at a time of change in the balances of power in the international system (characterized by the rise of emerging powers and the relative decline of the West, especially Europe), which makes finding solutions much more difficult Cooperatives to increasingly complex and more transnational challenges.


Author(s):  
UROŠ TOVORNIK

Članek podaja analizo sprememb v strateškem varnostnem okolju od prve svetovne vojne do danes, ki zaznamuje začetek novega svetovnega reda, ter identificira ponavljajoče se vzorce in zakonitosti v celotnem obdobju, ki so se pojavili kot posledica prve svetovne vojne oziroma dogodkov takoj po njej, in njihovo preslikavo v današnji čas. Avtor trdi, da današnja varnostna vprašanja izvirajo predvsem iz odločitev, sprejetih na versajski mirovni konferenci, in iz dogodkov, ki so ji sledili. Druga svetovna vojna in hladna vojna sta večinoma logični posledici prve svetovne vojne. Ozemeljski spori in mnogi zamrznjeni konflikti v Srednji in Vzhodni Evropi so se ponovno razplamteli takoj po padcu Berlinskega zidu. To območje je ponovno polje geopolitične igre, v katero se vrača združena Nemčija, ki postaja dominantna politična sila v Evropi. S svetovno finančno krizo, ki je oslabila Evropsko unijo, strateško preusmeritvijo ZDA v vzhodno Azijo in na Pacifik ter z nedavno spremembo v varnostnem okolju zaradi krize v Ukrajini in odmika Rusije od Zahoda se nakazujejo težnje strateških premikov v varnostnem okolju. Ali bo to privedlo do novega svetovnega reda, pa je odvisno od naslednjih korakov strateških igralcev in od tega, kakšne so njihove pridobljene in predvsem ponotranjene izkušnje iz preteklega stoletja, ki bi pomagale preprečiti napake, narejene v tem obdobju. The article analyses the continuous change in the geostrategic security environment in Europe since the beginning of the World War I, which marked the beginning of a new world order. It walks us through the major strategic shifts in Europe during the 20th century as a result of World War I in order to identify repetitive patterns and to see how they come into play today. The author argues that the 21st century strategic issues are rooted in the decisions taken at the Versailles Peace Conference and that World War II and the Cold War were, in most parts, the logical consequences of the Great War. Territorial disputes and numerous frozen conflicts, mainly in the Central and Eastern Europe broke up immediately after the fall of the Berlin wall. This region, has been once and again the territory that sparks major geopolitical changes in Europe. Today, the very same region is again the point of departure of a new strategic game, with Germany at its core as the rising dominant power in Europe. The outbreak of the global financial crisis in 2008, which weakened the European Union together with the US pivoting to East Asia and Pacific, and the changed security environment in Europe due to the crisis in Ukraine and Russian geopolitical shift away from Europe, an emerging global strategic shift is shaping. The future will show how and if the strategic players will use the lessons of the past century in order to avoid making the same mistakes.


Author(s):  
John W. Young ◽  
John Kent

International Relations Since 1945 provides a comprehensive introduction to global political history since World War II. The text has been comprehensively updated to cover the period between 2001 and 2012. Discussing the World Trade Center bombing and concluding with the run-up to the 2012 US presidential elections, a new final section outlines broad developments including the changing world order and the global financial crisis. Three new chapters look at terrorism, the wars in Iraq and Afghanistan, and the rise of major new powers, including China. Student learning is supported by a range of helpful learning features, including biographies of key figures and chronologies of events.


2021 ◽  
Author(s):  
Metin Bayrak ◽  
Dastan Aseinov

In the literature, the impact of the COVID-19 pandemic has been compared to the Great Depression of the 1930s, World War II, the 2008 Global Financial Crisis, or natural disasters. The COVID-19 outbreak has deeply affected the economies of countries. Almost every country has endeavored to implement remedial and precautionary packages in a way to overcome the effects of the epidemic with minimum damage in this process. As a result of the limitations and constraints applied according to this crisis, there is an economic crisis. The aim of this study is to research the impact of the COVID-19 outbreak on the banking sector of Kyrgyzstan. The comparative analysis in this study will be carried out using data on the pre-pandemic and pandemic periods of the banking sector. Our results show that the COVID crisis has negatively impacted the Kyrgyz banking sector, mainly in the form of problem loans. The COVID-19 pandemic did not create a serious problem in the form of a lack of liquidity and depreciation of capital. Based on our analysis, the acceleration of the digital transformation of the banking system can be indicated as a positive effect of the pandemic.


Author(s):  
Pedro Iacobelli Delpiano

ResumenLa literatura sobre la historia internacional de Chile durante la Segunda Guerra Mundial ha centrado el debate en torno al juego de presiones ejercidas por los Estados Unidos hacia los gobiernos radicales de Jerónimo Méndez Arancibia y Juan Antonio Ríos Morales para conseguir que Chile se sumara a la política continental contra las fuerzas del Eje. La neutralidad chilena fue interpretada como una actitud traicionera por los estadounidenses y en un triunfo por los países del Eje durante 1941 a 1943. Este artículo introduce el debate y busca presentar las posibilidades historiográficas al incluir a Japón, tanto como actor relevante en la política chilena como receptor de la “neutralidad” chilena en el periodo.Palabras clave: Chile, Japón, Segunda Guerra Mundial, Estados Unidos, historiografíaThe Chilean “Neutrality” in World War II (1939-1943): A historiographical analysis focused on the literature of the diplomatic relations between Chile and JapanAbstractThe literature about Chile´s international history during World War II has heavily laid on the power dynamics between the US and the Chilean radical governments of vice-president (interim) Jerónimo Méndez Arancibia and president Juan Antonio Rios Morales. Since the Roosevelt administration sought to secure the rupture of diplomatic relations between Chile and the Axis powers, Santiago´s refusal to break relations was understood as treason by the US and as a diplomatic success by the Axis powers during 1941-1943.This paper delves into the historiographical possibilities in including Japan, either as a relevant actor in the Chilean politics and as receptor of the newsabout Chile´s neutrality.Keywords: Chile, Japan, Second World War, United States, historiographyA “neutralidade” chilena na segunda guerra mundial(1939-1943): uma análise historiográfica, com ênfase naliteratura sobre as relações Chile-JapãoResumoA literatura sobre a história internacional do Chile durante a Segunda Guerra Mundial tem-se centrado no debate em torno ao jogo de pressões exercidas pelos Estados Unidos aos governos radicais de Jerónimo Méndez Arancibia e Juan Antonio Rios Morales, para conseguir que o Chile pudesse se somar a política continental contra as forças do Eixo. A neutralidade chilena foi interpretada como uma atitude traiçoeira pelos norte-americanos e uma vitória para os países do Eixo durante 1941 a 1943. Este artigo introduz o debate e procura a presentar as possibilidades historiográficas ao incluir ao Japão, tanto como um ator relevante na política chilena como o destinatário da “neutralidade” chilena no período.Palavras-chave: Chile, Japão, Segunda Guerra Mundial, Estados Unidos, historiografia


2021 ◽  
Author(s):  
Gergana Mihaylova-Borisova ◽  

The economies are once again facing the challenges of another crisis related to the spread of coronavirus in 2020. The banking sector, being one of the main intermediaries in the economies, is also affected by the spread of the new crisis, which is different compared to the previous crises such as the global financial crisis in 2008 and the European debt crisis in 2012-2013. Still, the banking sector in Bulgaria suffers from the pandemic crisis due to decelerated growth rate of loans, provided to households and non-financial enterprises, as well as declining profits related to the narrowing spread between interest rates on loans and deposits. The pandemic crisis, which later turned into an economic one, is having a negative impact on the efficiency of the banking system. To prove the negative impact of the pandemic crisis on the efficiency of banks, the non-parametric method for measuring the efficiency, the so-called Data envelopment analysis (DEA), is used.


2010 ◽  
Vol 6 (4) ◽  
Author(s):  
Todd Bridgman

The global financial crisis (GFC) which began in 2007 with a liquidity squeeze in the US banking system and which continues to play out today has affected us all, whether through the collapse of the finance company sector, rising unemployment, falling housing prices or the recession which followed the initial market crash. The speed and scope of the crisis surprised most experts – policy makers included. Specialists from a myriad of disciplines, from economics and finance to risk management, corporate governance and property, are trying to make sense of what happened, why it happened and what it means for us now and into the future. Members of the public rely on the news media to keep them informed of the crisis as it unfolds and they rely on experts to translate these complex events into a language which they can understand. The GFC is educating us all, and it is important that we all learn from it to avoid making the same mistakes again. 


2021 ◽  
Vol 93 ◽  
pp. 05017
Author(s):  
Olga Sokolova ◽  
Nadezhda Goncharova ◽  
Pavel Letov

The gist of this article boils down to the development of British banking system in the conditions of new industrialization and digitalization. The banking system of Great Britain is characterized by a high degree of concentration and specialization of banking, a well-developed banking infrastructure, and a close connection with the international loan capital market. London is the world's oldest financial center. The English banking system has the world's widest network of overseas branches. The UK banking system is relatively independent from the credit systems of the European Union. Nevertheless, banking legislation is focused on the unification of banking law within the European Community and supervision of banking activities. In the context of the global financial crisis, the UK banking system, as in other countries, has been severely tested. The most important trend in the development of the UK banking system is the blurring of boundaries between certain types of credit institutions. The subject of the research is the UK banking system in the context of new industrialization and digitalization.


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