scholarly journals A Crise Financeira Internacional de 2008 como Resultado da Dinâmica do Eixo Sino-Americano de Acumulação l The 2008 International Financial Crisis as a Result of the Sino-American Axis of Accumulation’s Dynamics

2021 ◽  
Vol 10 (1) ◽  
pp. e59052
Author(s):  
Gabriel Barbosa de Castilho
Keyword(s):  
United States ◽  
Financial Crisis ◽  
World Economy ◽  
Deep Understanding ◽  
The United States ◽  
International Crisis ◽  
International Financial Crisis ◽  
The World ◽  
Interstate System ◽  
World Systems Analysis

Há um consenso na academia em atribuir a causa da crise internacional de 2008 ao processo de financeirização da economia dos Estados Unidos. Esta pesquisa considera esse entendimento correto, porém insuficiente para entender com profundidade como a crise impactou a economia mundial e o sistema interestatal. O objetivo deste trabalho é fugir do “nacionalismo metodológico” que permeia essa visão e entender a crise de 2008 como uma crise da conjuntura da economia-mundo capitalista. Seguindo a análise dos Sistemas-Mundo, o artigo é iniciado com o estudo da atual conjuntura, de expansão financeira do ciclo sistêmico estadunidense, que deve ser entendida através dos processos complementares de financeirização econômica e reestruturação produtiva mundial. Em um segundo momento, a pesquisa se volta para entender como esses dois processos construíram um “eixo sino-americano de acumulação”. Finalmente, entende-se que, apesar da aparente simbiose dessa relação, ela apresenta um desequilíbrio estrutural que originou a crise de 2008.Palavras-chave: Crise Financeira Internacional de 2008; China; Estados Unidos.ABSTRACTThere is a consensus in academia to attribute the cause of the 2008 international crisis to the financialization process of the United States’ economy. This research considers this understanding correct, but insufficient for a deep understanding of the crisis’ impact in the world economy and in the interstate system. This research aims to escape the “methodological nacionalism” that permeates this vision, understanding the 2008 crisis as a crisis in the conjuncture of the capitalist world-economy. Following the World-Systems Analysis, this research starts with the study of the current conjuncture, the financial expansion of the American systemic cycle of accumulation, which must be understood through the complementary processes of economic financialization and world productive restructure. In a second step, the research turns to understand how these two processes built a “Sino-American axis of accumulation”. Finally, it is understood that, despite the apparent symbiosis of this relationship, it presents a structural imbalance that originated the 2008 crisis.Keywords: 2008 International Financial Crisis; China; United States. Recebido em: 10/04/2021 | Aceito em: 17/07/2021. 

United States and Its Challenge to Multilateralism in the Global Economy

2018 ◽  
Vol 74 (4) ◽  
pp. 402-419
Author(s):  
Krishnakumar S.
Keyword(s):  
United States ◽  
Global Economy ◽  
World Economy ◽  
Foreign Exchange Market ◽  
Bilateral Trade ◽  
Developing Economies ◽  
The United States ◽  
The Us ◽  
The World ◽  
Merchandise Trade

With Donald Trump as President of United States, multilateralism in the world economy is facing an unprecedented challenge. The international economic institutions that have evolved since the fifties are increasingly under the risk of being undermined. With the growing assertion of the emerging and developing economies in the international fora, United States is increasingly sceptical of its ability to maneuvre such institutions to suit its own purpose. This is particularly true with respect to WTO, based on “one country one vote” system. The tariff rate hikes initiated by the leader country in the recent past pose a serious challenge to the multilateral trading system. The paper tries to undertake a critical overview of the US pre-occupation of targeting economies on the basis of the bilateral merchandise trade surpluses of countries, through the trade legislations like Omnibus Act and Trade Facilitation Act. These legislations not only ignore the growing share of the United States in the growing invisibles trade in the world economy, but also read too much into the bilateral trade surpluses of economies with United States and the intervention done by them in the foreign exchange market.

scholarly journals European Direct Investment in Brazil, 1860 to the Present

2010 ◽  
Vol 3 (1) ◽  
Author(s):  
Sérgio de Oliveira Birchal ◽  
Âmara Fuccio de Fraga e Silva
Keyword(s):  
United States ◽  
20Th Century ◽  
Direct Investment ◽  
World Economy ◽  
The United States ◽  
Geographical Proximity ◽  
Japanese Firms ◽  
The World ◽  
The Usa ◽  
Western European

European direct investment in Brazil dates back to the discovery of the country and has been since then either hegemonic or more important than a superficial observation can grasp, as this work aims at showing. During the 20th century, the United States has replaced Britain as the worlds economic superpower and the largest direct investor. US dominance in the world economy and geographical proximity to Brazil would suggest that US investments were by far the largest in the country during that century. Furthermore, as Japan had become the second largest economy in the world in the 1980s, we would expect that this would be reflected in the data of the largest multinationals in Brazil. However, as our investigation suggests, Western European direct investment has been as large (and in many occasions even larger) as that of the USA and Japanese firms have never had a prominent presence among the largest firms in Brazil, at least until the late 1990s.

Chapter II. The World Economy

1974 ◽  
Vol 70 ◽  
pp. 23-37
Keyword(s):  
United States ◽  
World Economy ◽  
Developed Countries ◽  
The United States ◽  
Oecd Countries ◽  
The Other ◽  
Industrial Countries ◽  
The World ◽  
World Economic ◽  
Economic Position

The world economic position and prospects have worsened further in the last three months. In the United States and Japan, in particular, recessionary conditions are proving to be more marked and more prolonged than we had expected, and it looks as though by the end of the year all the major industrial countries, with the possible exception of France, will have experienced at least one quarter in which output has fallen or at best shown no appreciable rise. The other developed countries have fared better, but we no longer expect there to be any growth of output in the OECD area either in the second half of the year or in the year as a whole. In 1975 the position should be rather better, at least by the second half. We expect OECD countries' aggregate GNP to grow by about 2 per cent year-on-year and nearly 3 per cent between the fourth quarters of 1974 and 1975.

Conclusions

1998 ◽  
Author(s):  
W. W. Rostow
Keyword(s):  
United States ◽  
Political Economy ◽  
21St Century ◽  
World Economy ◽  
Industrial Revolution ◽  
The United States ◽  
Population Increase ◽  
The Political ◽  
The World ◽  
The Government

I have tried in this book to summarize where the world economy has come from in the past three centuries and to set out the core of the agenda that lies before us as we face the century ahead. This century, for the first time since the mid-18th century, will come to be dominated by stagnant or falling populations. The conclusions at which I have arrived can usefully be divided in two parts: one relates to what can be called the political economy of the 21st century; the other relates to the links between the problem of the United States playing steadily the role of critical margin on the world scene and moving at home toward a solution to the multiple facets of the urban problem. As for the political economy of the 21st century, the following points relate both to U.S. domestic policy and U.S. policy within the OECD, APEC, OAS, and other relevant international organizations. There is a good chance that the economic rise of China and Asia as well as Latin America, plus the convergence of economic stagnation and population increase in Africa, will raise for a time the relative prices of food and industrial materials, as well as lead to an increase in expen ditures in support of the environment. This should occur in the early part of the next century, If corrective action is taken in the private markets and the political process, these strains on the supply side should diminish with the passage of time, the advance of science and innovation, and the progressively reduced rate of population increase. The government, the universities, the private sector, and the professions might soon place on their common agenda the delicate balance of maintaining full employment with stagnant or falling populations. The existing literature, which largely stems from the 1930s, is quite illuminating but inadequate. And the experience with stagnant or falling population in the the world economy during post-Industrial Revolution times is extremely limited. This is a subject best approached in the United States on a bipartisan basis, abroad as an international problem. It is much too serious to be dealt with, as it is at present, as a domestic political football.

The United States in the World Economy

1944 ◽  
Vol 20 (3) ◽  
pp. 423-423
Author(s):  
Allan G. B. Fisher
Keyword(s):  
United States ◽  
World Economy ◽  
The United States ◽  
The World
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