The Long Wave in the World Economy: The Current Crisis in Historical Perspectiveby Andrew Tylecote(Routledge, London, 1993) pp. xiv + 340, $44.95, ISBN 0–415–03691–7

Prometheus ◽  
1996 ◽  
Vol 14 (2) ◽  
pp. 285-287
Author(s):  
James Foreman-Peck
Keyword(s):  
World Economy ◽  
Current Crisis ◽  
Long Wave ◽  
The World

scholarly journals GOVERNMENT ASSISTANCE FOR BUSINESS UNDER CONDITIONS OF THE CHALLENGES OF THE 21ST CENTURY

2021 ◽  
Author(s):  
Оleksandra Viter ◽  
Oksana Kylyn ◽  
Natalia Sveleba
Keyword(s):  
World Economy ◽  
Negative Impact ◽  
Tourism Industry ◽  
Budget Deficits ◽  
Current Crisis ◽  
Business Survival ◽  
Credit Lines ◽  
Long Run ◽  
Short Period ◽  
The World

The article analyzes the current state of the tourism business market. Crisis phenomena in tourism caused by COVID-19 are considered. It is noted that the outbreak of coronavirus has caused a significant blow to the world economy and as a result it affects key sectors of the economy. According to experts, the current crisis has a much greater sudden financial impact than on September 11 and the crisis of 2009 combined. It was found that according to UN WTO forecasts in 2020 the number of international tourists due to the coronavirus pandemic decreased by 20-30% compared to 2019. According to the updated IMF forecast, in 2020 world GDP will shrink by 4.9%, the world economy will lose $ 12.5 trillion. The United Nations World Tourism Organization (UNWTO) is calling for more funds to rehabilitate and support the tourism industry so that it can become a leader in economic recovery. The purpose of the measures implemented by governments during this difficult period can be divided into the following categories: to ensure a balance between the protection of tourists and the interests of tourism workers; provide conditions for business survival and targeted support and recovery of the tourism sector. Most countries focus on both approaches. Countries with more developed economies rely mainly on affordable credit lines which will restore the competitiveness of the national economy in a short period of time. Other countries are focusing on delaying tax and debt obligations, which could negatively affect the economy in the long run and lead to long-term budget deficits and general solvency problems. In order to stabilize the economic situation, governments adopt a range of both monetary and fiscal measures that can partially provide the conditions for business survival, as the tourism industry can become one of the drivers that helps the economy emerge from the crisis and can quickly create new jobs after crisis situations. Therefore, it is important that the measures taken by states to support the tourism business, the implementation of which will reduce the level of negative impact of the pandemic on the economy of the tourism industry.

scholarly journals Exigency politics or new world order?

2011 ◽  
Vol 58 (3) ◽  
pp. 373-391 ◽  
Author(s):  
Miroslava Filipovic
Keyword(s):  
Capital Markets ◽  
World Economy ◽  
New World ◽  
State Level ◽  
World Order ◽  
Intergovernmental Organizations ◽  
New World Order ◽  
Current Crisis ◽  
The World ◽  
National Economies

Since the onset of the current crisis, numerous intergovernmental organizations made declarations and plans, but only national packages were implemented to minimize adverse effects to real (national) economies. Despite the fact that capital markets have long ago become increasingly complex with a multitude of actors, a state-level approach remains firmly in place. This paper aims to present political responses to the crisis, identifying how politicians envision the future of capital markets and the world economy. The financial crisis might have been a direct motive to start a global political interplay regarding regulation, but it was also a unique opportunity for numerous actors to start pressing for their own agenda vis-?-vis the global economic and political order. Reviewing the responses of several of the most prominent actors on the scene may contribute to understanding how close the world is to having a new financial - or even economic - structure on the global level.

scholarly journals Superacumulação e colapso do capitalismo no Brasil em retrospectiva/Over-accumulation and Capitalism Collapse within Brazil in Review

2019 ◽  
pp. 182-199
Author(s):  
Maurilio Lima Botelho
Keyword(s):  
World Economy ◽  
Retrospective Evaluation ◽  
Current Crisis ◽  
Internal Factors ◽  
Global Capital ◽  
Economic Miracle ◽  
Fictitious Capital ◽  
The World ◽  
Modernization Process ◽  
Economic Modernization

Não podemos buscar as causas da recente crise brasileira em “fatores internos”, dado que a economia “nacional” está integrada à economia mundial desde o seu processo de modernização industrial. Numa avaliação retrospectiva, que vai da crise do chamado “neodesenvolvimentismo” à crise do “milagre econômico”, nosso objetivo principal é apontar para a conexão íntima do Brasil com a economia mundial, indicando que a crise atual é parte do próprio fracasso da modernização econômica brasileira, que por sua vez é integrante da crise estrutural do capitalismo.Palavras-chave: capital global, crise estrutural do capitalismo, capital fictício. ABSTRACTThe causes of the recent Brazilian crisis can not be search in “internal factors”, since the “national” economy has been integrated into the world economy since its modernization process. In a retrospective evaluation, which goes from the crisis of the so-called “neodevelopment” to the crisis of “economic miracle”, our main objective is to emphasize to Brazil’s intimate connection with the world economy, indicating that the current crisis is part of the failure of economic modernization Brazilian, which in turn is part of the structural crisis of capitalism.Keywords: global capital, structural crisis of capitalism, fictitious capital.

Finanzkrise in der Weltwirtschaft – Theoriekrise in der Wirtschaftsgeographie

2011 ◽  
Vol 55 (1-2) ◽  
Author(s):  
Eike W. Schamp
Keyword(s):  
Financial Crisis ◽  
Economic Geography ◽  
World Economy ◽  
Real Economy ◽  
Current Crisis ◽  
Theoretical Concepts ◽  
Regulation Theory ◽  
Régulation Theory ◽  
The World ◽  
Theoretical Thinking

Financial crisis in the world economy - theory crisis in economic geography? A comment on current crisis research in economic geography. Although some economic geographers have responded quickly to the recent world financial crisis, this paper identifies some major weaknesses in current theoretical thinking in economic geography. It differentiates between the understanding of the causes of a crisis and empirical research on its consequences. Deficits in the analysis of causes relate to a systemic view of the coherence of territories in the world economy, the macroperspective necessary to understand the world economy, the interconnectedness of the financial and real economy, and, finally, different dimensions of historical time as seen by Braudel and Wallerstein. Three recent theoretical concepts are discussed which seem to offer some understanding of the historical processes leading to crisis, i.e., neoschumpeterian innovation theory, evolutionary economic geography, and regulation theory. Finally, the paper offers two options for the current economic geographical analysis of the crisis which are not necessarily mutually exclusive: Either focusing on a macro-perspective of the world economy with the concept of regulation theory and/or strengthening the “traditional” competences of economic geography in a deeper analysis of the impacts of the crisis.

The Phases of the Postwar Evolution of Capitalism: the Transition from the Current Crisis into a New Worldwide Developmental Trajectory

2019 ◽  
Vol 18 (4) ◽  
pp. 457-488
Author(s):  
Charis Vlados
Keyword(s):  
World Economy ◽  
Structural Changes ◽  
Evolutionary Dynamics ◽  
Developmental Trajectory ◽  
Global Dynamics ◽  
Developmental Phase ◽  
Current Crisis ◽  
Global System ◽  
The World ◽  
Structural Levels

Abstract This article focuses on the evolutionary dynamics of the world economy after the Second World War to current day by reviewing the subject in evolutionary and holistic terms. In particular, its purpose is to examine the structuring of the current crisis and the prospects for overcoming it by advancing toward a new developmental phase, a new sustainable model of global development. We articulate our approach precisely at the link between the interconnection and the dialectic interdependence of the central structural components of global dynamics. In this direction, we introduce, propose, and utilize a three-sided structural analysis of global dynamics, a triptych. In particular, we claim that the changes in the global system are imprinted and can be studied at three co-located and dialectically interwoven central structural levels: at the level of current international regimes, at the level of central models of development and crisis, and at the level of the dominant types of business innovation. As a whole and on every level, the structural changes define and form in the background the evolutionary dynamics of the world economy, and thus by extension prescribe the conditions for the global system to construct the trajectory to exit from its current crisis.

scholarly journals ENVIRONMENTAL AND ECONOMIC PROBLEMS OF USING NATURAL RESOURCES OF THE WORLD ECONOMY

2020 ◽  
pp. 45-49
Author(s):  
А. В. Чекрыжов ◽  
В. А. Сазонов
Keyword(s):  
Natural Resources ◽  
Environmental Pollution ◽  
World Economy ◽  
Resource Consumption ◽  
Current Crisis ◽  
Economic Problems ◽  
The World

В статье авторами рассматриваются основные экологические и экономические проблемы, имеющиеся в сфере использования природных ресурсов мирового хозяйства, такие как: исчерпание ресурсов, отсутствие возможности их пополнения; рост объемов потребления ресурсов населением; загрязнение окружающей среды. В связи с этим, важным становится оптимизация взаимодействия общества и природы на основе повышения эффективности использования природных ресурсов. Проанализированы авторами причины и факторы, сформировавшие на сегодняшний день кризисное положение в экологии. In the article, the authors consider the main environmental and economic problems that exist in the use of natural resources of the world economy, such as the exhaustion of resources, the lack of opportunities to replenish them; the growth of resource consumption by the population; environmental pollution. In this regard, it is important to optimize the interaction of society and nature by increasing the efficiency of natural resources use.The authors have analyzed the reasons and factors that have formed the current crisis in ecology.

scholarly journals Character of the present financial crisis in USA and its possible global consequences

2008 ◽  
Vol 60 (4) ◽  
pp. 431-455
Author(s):  
Zaklina Petrac-Stepanovic
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
World Economy ◽  
Financial System ◽  
Real Estate Market ◽  
Current Crisis ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
National Economies

The US economy is facing the first big financial crisis in the 21st century. The author points out that the current crisis is much different from the previous ones by its characteristics, causes, consequences it produces on the world economy and international financial system in particular. The problems that were noticeable in the US loan market in the second half of 2007, which have escalated into a crisis of the financial system in 2008 creating instability in the world financial markets, were mostly caused by the losses on the American real estate market. For the fact that the highly integrated world economy has enabled rapidly and easily transmission the effects of real and monetary trends, reducing, on the other hand, the countries' prospects to protect their economies and populations from their effects it is evident that the way the US manages its financial system has the exceptional significance beyond USA, too. As the increasing number of countries is facing with direct or indirect effects of the current crisis it is in the interest of all those that undertaking actions to stop further negative repercussions on their national economies and ensure global economy growth. .

Sign in / Sign up

Export Citation Format

Share Document