Wealth Inequality and Stratification in the World Capitalist Economy

2013 ◽  
Vol 12 (1-2) ◽  
pp. 246-265 ◽  
Author(s):  
Jenny Chesters
Keyword(s):  
Social Inequality ◽  
World Economy ◽  
Wealth Inequality ◽  
Rapid Expansion ◽  
Economic Disadvantage ◽  
World Systems Theory ◽  
Net Worth ◽  
Distribution Of Wealth ◽  
The World ◽  
National Economies

AbstractSocial inequality is generally conceptualized in terms of economic disadvantage related to income, however this approach ignores another equally important dimension of social inequality: wealth inequality. Drawing on world systems theory and a Marxist perspective on social class, in this article I examine the interrelationship between stratification in the world economy and stratification within national economies with a view to developing a global class schema. This examination of trends in the net worth and the location of the wealthiest individuals in the world indicate that the rapid expansion of the world economy in the past three decades has affected the global distribution of wealth with an increasing proportion of the transnational capitalist class residing in semi-peripheral nations.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

The Age of Em

2016 ◽  
Author(s):  
Robin Hanson
Keyword(s):  
Career Paths ◽  
World Economy ◽  
Energy Use ◽  
New Technology ◽  
Wealth Inequality ◽  
Moral Progress ◽  
Fast Computer ◽  
The World ◽  
Body Sizes ◽  
Detailed Picture

Robots may one day rule the world, but what is a robot-ruled Earth like? Many think the first truly smart robots will be brain emulations or ems. Scan a human brain, then run a model with the same connections on a fast computer, and you have a robot brain, but recognizably human. Train an em to do some job and copy it a million times: an army of workers is at your disposal. When they can be made cheaply, within perhaps a century, ems will displace humans in most jobs. In this new economic era, the world economy may double in size every few weeks. Some say we can't know the future, especially following such a disruptive new technology, but Professor Robin Hanson sets out to prove them wrong. Applying decades of expertise in physics, computer science, and economics, he uses standard theories to paint a detailed picture of a world dominated by ems. While human lives don't change greatly in the em era, em lives are as different from ours as our lives are from those of our farmer and forager ancestors. Ems make us question common assumptions of moral progress, because they reject many of the values we hold dear. Read about em mind speeds, body sizes, job training and career paths, energy use and cooling infrastructure, virtual reality, aging and retirement, death and immortality, security, wealth inequality, religion, teleportation, identity, cities, politics, law, war, status, friendship and love. This book shows you just how strange your descendants may be, though ems are no stranger than we would appear to our ancestors. To most ems, it seems good to be an em.

scholarly journals International Trade in Goods and Services: Aspects of Monetary and Financial Relations

2020 ◽  
Vol 19 (4) ◽  
pp. 40-49
Author(s):  
E.V. Potekhina ◽  
◽  
A.D. Efremova ◽  
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
World Economy ◽  
International Division ◽  
Goods And Services ◽  
Number Of Factors ◽  
The World ◽  
The Russian Federation ◽  
National Economies

the article examines such topical problems of the world economy as the peculiarities of interaction between the subjects of the world economy, international trade, international monetary and financial relations, the role of the exchange rate for national economies. The issues of the national economy of the Russian Federation and the degree of the country’s participation in the international division of labor and its openness are considered. In this paper, using the example of Russia, the export of goods and services is analyzed, its relationship with a number of factors (exchange rate and oil price), where the main tools are methods of statistical and econometric analysis.

Akkumulationszyklen und Hegemonie

2011 ◽  
Vol 55 (1-2) ◽  
Author(s):  
Christof Parnreiter
Keyword(s):  
World Economy ◽  
Critical Discussion ◽  
Commodity Chains ◽  
Unit Of Analysis ◽  
Global Commodity Chains ◽  
The Us ◽  
The World ◽  
Us Hegemony ◽  
National Economies ◽  
Primary Unit

Cycles of accumulation and hegemony. A critical discussion of Giovanni Arrighi’s arguments on the relocation of centre and periphery of the world economy. Based on data on GDP and on stock market capitalization, the paper takes issue with Giovanni Arrighi’s notion of the “terminal crisis” of the US hegemony and the related relocation of the center of the world economy to China. While some indicators support Arrighi’s argument (e.g. the shift of the accumulation dynamic from the material to the financial sphere), others don’t. My analysis in this paper does not yield unambiguous results. Moreover, I question Arrighi’s primary unit of analysis, national economies, maintaining that such a focus downplays the recent fundamental changes in the organization of the world economy. I propose a less state-centric approach to identify centres of the world economy, which is derived from an integration of the concepts of global commodity chains and global cities.

Multinational Business and National Economic Goals

1971 ◽  
Vol 25 (3) ◽  
pp. 693-705 ◽  
Author(s):  
Raymond Vernon
Keyword(s):  
World Economy ◽  
International Communication ◽  
Social Goals ◽  
Business Activity ◽  
The Past ◽  
National Economic ◽  
The World ◽  
Business Enterprises ◽  
National Boundaries ◽  
National Economies

This essay elaborates several basic propositions. First, the extraordinary changes in international communication and international transportation during the past 40 or 50 years have profoundly altered the horizons of business decisionmakers, giving enormous stimulus to the creation of multinational business enterprises. Second, in narrow economic terms the multinationalization of business activity has added to the efficiency of the world economy. Third, the advances in transportation and communication, reinforced by the existence of multinational business enterprises, have stimulated interaction between national economies and reduced the effectiveness of national controls, particularly in advanced countries. Finally, despite the increasing porosity of national boundaries these countries have been expanding and refining their national economic and social goals in ways that require more controls at national borders or more joint controls between cooperating states.

Destabilizing the Semiperiphery: The Counterturn of China’s Ascendance in the World-Economy

2011 ◽  
Vol 10 (3-4) ◽  
pp. 365-385
Author(s):  
Vincent H. Shie ◽  
Chih-Yuan Weng
Keyword(s):  
Systems Theory ◽  
World Economy ◽  
World Systems ◽  
Global Development ◽  
World Systems Theory ◽  
Intermediate Group ◽  
The World ◽  
Rise Of China ◽  
The Rise Of China

Abstract In an article in Perspectives on Global Development and Technology (PGDT), Kwangkun Lee revisits the debate on whether the semiperiphery is persistent or short-lived in the long-term historical structure. Lee concludes that semiperipheries only have a brief lifespan due to their (assumed) polarizing tendency. We provisionally agree with Lee’s conclusion, but we diverge in our reasoning for upholding this hypothesis. Proponents of the World-Systems Theory claim that an intermediate group of states stabilizes the world-economy. For instance, Giovanni Arrighi posits that the semiperiphery will be persistent in the longue durée. But in our view, the rise of China will ultimately destabilize the so-called constant stratum of the semiperiphery.

scholarly journals Strategic drivers for the development of innovative methods of financial management in Russian industrial organizations

2021 ◽  
Vol 296 ◽  
pp. 06040
Author(s):  
Nadezhda Piontkevich
Keyword(s):  
Financial Management ◽  
World Economy ◽  
Business Community ◽  
Modern World ◽  
Initial Information ◽  
Innovative Methods ◽  
Industrial Organizations ◽  
The World ◽  
Financial Management System ◽  
National Economies

The modern world economy faces the objective need to build a multipolar world. This is accompanied by increasing geopolitical instability, unsustainable development of the world economy and sharp aggravation of the global competition. In these conditions, the strategic guidelines for global economic development were exposed to external challenges that had an impact on all the leading national economies and the world business community as a whole. The purpose of the article is to study modern strategic drivers of development in the financial management system of industrial organizations in various sectors of economy. The article uses modern methods of collecting and processing initial information. The authors defined the main strategic directions for sustainable development of industrial organizations in modern conditions. The article proves the prospects of using the identified strategic drivers for the development of innovative methods in financial management in Russian industrial organizations.

scholarly journals Forsight in Ukraine: problems of organization in the context of world practice

2021 ◽  
Vol 2021 (1) ◽  
pp. 102-115
Author(s):  
Lidiia Kuznetsova ◽  
◽  
Oleksandr Bilotserkivets' ◽  
◽  
Keyword(s):  
World Economy ◽  
High Tech ◽  
Research Attention ◽  
The World ◽  
Domestic Prices ◽  
Future Economic Development ◽  
Almost All ◽  
The Cost ◽  
National Economies ◽  
Education Science

The article presents the results of a research on world and European experience of foresight research. Attention is focused on the organization of foresight research and institutional support of foresight in EU countries. The authors substantiate the necessity of expanding the practice of foresight research in Ukraine in the conditions of those changes in the nature of the world economy that occur under the influence of the COVID-19 pandemic and on the verge of upcoming change in the Kondratiev long cycles. Current trends in the world economy facilitate access to foreign markets, but at the same time create certain risks for national economies. Increasing competition between domestic and foreign producers for many countries means the bankruptcy of domestic enterprises, especially medium- and high-tech ones, which are unable to compete with corporations that are more powerful. Domestic prices for almost all goods increasingly depend on prices in other markets, which can form imbalance between the cost and price of labor and destroy the labor market, increasing migration of the working population, especially those with high levels of human capital, which reduces the country's opportunities in education, science and production and even multiplicatively affects economic growth. In these conditions, it becomes extremely important to determine the guidelines for future economic development and society, which actualizes the whole range of foresight research. For Ukraine, where foresight research is limited, the experience of those countries where foresight has become an integral part of strategic planning is vital. The article is devoted to the study of this experience, which identifies the basic organizational measures of foresight research, the main aspects of foresight institutionalization and the problems that hinder the development of foresight in Ukraine

scholarly journals Audit in the context of coronavirus

2021 ◽  
Vol 7 (3A) ◽  
pp. 696-700
Author(s):  
Elena Ilyinichna Efremova ◽  
Natalia Alekseevna Prodanova ◽  
Kseniya Alexandrovna Kovaleva ◽  
Olga Vladimirovna Saradzheva ◽  
Galina Vladimirovna Glazkova ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Commodity Markets ◽  
Present Stage ◽  
The World ◽  
Additional Costs ◽  
New Type ◽  
National Economies ◽  
Economic Ties ◽  
The Impact

At the present stage the world economy is characterized by the process of increasing the interdependence of national economies, which is due to the stagnation of commodity markets, economic crises around the world and the presence of negative financial trends. The process of increasing the interdependence of national economies is based, among other things, on national selfishness, which is manifested more and more often. The COVID-19 pandemic has caused a temporary break in financial and economic ties and relations, which in turn leads to significant changes in both the Russian and global economy as a whole. At present, the question of the possible duration of the pandemic and the quarantine measures imposed because of it remains open, but it is obvious that the impact is not just an interruption of the activities of the national economy or an increase in the burden on budgets due to the increase in additional costs. We are talking about the formation of a new type of economy.

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