scholarly journals The Global Economy in the 21st Century: Will the Trends of the 20th Century Continue?

2018 ◽  
Vol 2 (49) ◽  
pp. 62-72
Author(s):  
Stanisław Gomułka

Abstract This paper compares three lists of basic ‘stylized facts’ of global economic growth and proposes a list of five ‘stylized trends’ that describe the main developments of the global economy in the 20th century. The author’s main purpose is to answer the question whether, in the light of the contemporary growth theory and demographic forecasts, these trends are likely to continue in the 21st century. Considering this theory, it is argued that the global economy rate of growth of the per capita gross domestic product (GDP) is likely to continue to be high in the first half of the current century, but decline significantly in the second half. This paper offers forecasts for the average growth rates during this century, and the levels by its end, of the per capita GDP for the technology frontier area (TFA) of the world, and for the countries outside the TFA. According to these forecasts, the strong divergence trend of the 19th and 20th centuries will be replaced by a strong convergence between the TFA and the other countries during the 21st century.

2001 ◽  
pp. 13-17
Author(s):  
Serhii Viktorovych Svystunov

In the 21st century, the world became a sign of globalization: global conflicts, global disasters, global economy, global Internet, etc. The Polish researcher Casimir Zhigulsky defines globalization as a kind of process, that is, the target set of characteristic changes that develop over time and occur in the modern world. These changes in general are reduced to mutual rapprochement, reduction of distances, the rapid appearance of a large number of different connections, contacts, exchanges, and to increase the dependence of society in almost all spheres of his life from what is happening in other, often very remote regions of the world.


Circulation ◽  
2014 ◽  
Vol 129 (suppl_1) ◽  
Author(s):  
Rajesh Vedanthan ◽  
Mondira Ray ◽  
Valentin Fuster ◽  
Ellen Magenheim

Introduction: Hypertension is the leading global risk for mortality and its prevalence is increasing in many low- and middle-income countries. Hypertension treatment rates are low worldwide, potentially in part due to insufficient human resources. However, the relationship between health worker density and hypertension treatment rates is unknown. Objective: To conduct an econometric analysis of the relationship between health worker density and hypertension treatment rates worldwide. Methods: Hypertension treatment rates were collected from published reports between 1980 and 2010. Data on health worker (physician and nurse) density were obtained from the World Health Organization (WHO). Data for potential confounding variables--per capita gross domestic product, hospital bed density, burden of infectious diseases, land area and urban population--were obtained from WHO and World Bank databases. Potential interaction by per capita gross domestic product was evaluated. Multivariable logistic-logarithmic regression analysis was performed using Stata. Results: Full data were available from 146 countries spanning all World Bank income classification categories. Health worker density was significantly associated with hypertension treatment rate in the unadjusted model (beta = 0.23; p < 0.005). In the fully adjusted model, the association remained positive but was not statistically significant (beta = 0.30; p = 0.078) (Figure). Hypertension treatment rates were more strongly related to physician than nurse density (beta = 0.21 vs 0.08; p = 0.10 vs 0.49). Conclusion: Hypertension treatment rates across the world appear to be related to health worker density, although the relationship does not achieve strict statistical significance. Our results suggest that a 10% increase in health worker density is associated with a 2-3% increase in hypertension treatment rate. Given the global burden of hypertension and other chronic diseases, WHO guidelines for health workforce staffing may need to be reconsidered.


Author(s):  
Constantine E. Passaris

Internetization is a new word and concept that has gained currency with the advent of the new global economy of the 21st century. Prior to the ascendance of internetization, economists had embraced the term globalization to describe the operational parameters of the new economy. The problem with the word globalization is that it is neither a new concept nor is it an appropriate descriptive for the contemporary transformational change precipitated by the spectacular technological inventions on the international economic landscape. The new word, internetization, describes more succinctly the transformative powers of the world wide web and the electronic information highway on the evolving dynamics of interconnectivity for the new global economy of the 21st century. Indeed, internetization captures the pervasive influence of technological change and electronic innovations on the global economy and all aspects of human endeavor for our civil society in the 21st century.


2019 ◽  
Vol 12 (5) ◽  
pp. 365-368
Author(s):  
Luis Fernando Panelli

Abstract The Co-operative Republic of Guyana has become one of the most interesting and dynamic oil producing countries in the world at the start of the 21st century. The country already holds 5 billion barrels of proved reserves, which will certainly grow with new discoveries. Exxon leads a consortium of four companies that have the concession of the Stabroek Block (Liza Field), where nine discoveries have been made so far. Five FPSOs will be operating in the future, one of which is due to arrive in Guyana before the end of 2019 and another is due for 2020. By then, the country will be producing 340,000 barrels a day. This production will double and then reach 1 million barrels a day before the end of the next decade. The challenges and opportunities regarding the Guyanese people are dire. The lack of proper infrastructure is certainly one of the biggest challenges. But it is important to stress that the oil proceeds will transform Guyana into the highest GDP per capita of South America. The political stage is also analysed, since political instability might raise concerns for long-term investors. The Venezuela–Guyana differences regarding the sovereignty of the Essequibo Region are again a cause for concern. Brazil is a key player in supporting the geopolitical stability of South America. Presidential elections will be held in 2019/2020: the dispute will probably be between the current President Granger and the Opposition candidate Irfaan Ali. Guyana has a lot to profit from the wealth brought by oil exploitation, but its people fear the risk of growing corruption.


Author(s):  
Ray Kurzweil

I have been involved in inventing since I was five, and I quickly realized that for an invention to succeed, you have to target the world of the future. But what would the future be like? To find out, I became a student of technology trends and began to develop mathematical models of different technologies: computation, miniaturization, evolution over time. I have been doing that for 25 years, and it has been remarkable to me how powerful and predictive these models are. Now, before I show you some of these models and then try to build with you some of the scenarios for the future—and, in particular, focus on how these will benefit technology for the disabled—I would like to share one trend that I think is particularly profound and that many people fail to take into consideration. It is this: the rate of progress—what I call the “paradigmshift rate”—is itself accelerating. We are doubling this paradigm-shift rate every decade. The whole 20th century was not 100 years of progress as we know it today, because it has taken us a while to speed up to the current level of progress. The 20t h century represented about 20 years of progress in terms of today’s rate. And at today’s rate of change, we will achieve an amount of progress equivalent to that of the whole 20th century in 14 years, then as the acceleration continues, in 7 years. The progress in the 21st century will be about 1,000 times greater than that in the 20th century, which was no slouch in terms of change.


This chapter will delve on modern approaches to city making (eco-cities, sustainable cities, resilient cities, etc.) explaining their basics and complexity. Additionally, the demands that changing solutions place on the architects, urban planners, and other city designers will be explained. The scope should be treated as the introduction to the circular economy approach; it will also cover other development attitudes where a city was not the initial prime element even if urban planning became one of the main issues during later phases of development. Such attitudes can be traced in the mid-20th century policy making with the car transport being the leading development attitude but having a wide impact on the solutions used in most cities. It will also explain when the urbanization process became part of this economic approach. The chapter will include principles of the modern initiatives in various parts of the world and consider existing movements allowing for a more sweeping coverage.


2019 ◽  
Vol 75 (4) ◽  
Author(s):  
Dirk G. Van der Merwe

Throughout its history, Christianity has stood in a dichotomous relation to the various philosophical movements or eras (pre-modernism, modernism, postmodernism and post-postmodernism) that took on different faces throughout history. In each period, it was the sciences that influenced, to a great extent, the interpretation and understanding of the Bible. Christianity, however, was not immune to influences, specifically those of the Western world. This essay reflects briefly on this dichotomy and the influence of Bultmann’s demythologising of the kerygma during the 20th century. Also, the remythologising (Vanhoozer) of the church’s message as proposed for the 21st century no more satisfies the critical Christian thinkers. The relationship between science and religion is revisited, albeit from a different perspective as established over the past two decades as to how the sciences have been pointed out more and more to complement theology. This article endeavours to evoke the church to consider the fundamental contributions of the sciences and how it is going to incorporate the sciences into its theological training and message to the world.


Author(s):  
Herbert S. Klein ◽  
Francisco Vidal Luna

The 20th century represents a crucial period in Brazil’s economic history, when an agrarian, rural-dominated society became an urban, industrialized country with a complex financial sector and a large service sector. This economic transformation fueled by coffee exports led to profound demographic and social changes as millions of European and Asian immigrants were integrated into Brazilian society, followed by a massive shift of native-born migrants from the northeast to the dynamic southeast of Brazil, particularly for the state of São Paulo, which became the richest, most industrialized, and most populous state of the nation. The second half of the 20th century saw the creation of a modern industrial sector and the modernization of national agriculture, which in the 21st century made Brazil one of the most important producers of grain and animal protein in the world.


Author(s):  
Carl Becker

The 20th century may be considered the ultimate expression of Western ideals and philosophy: "civilized" humanity's attempt to dominate "uncivilized" peoples and nature. The 21st century soberingly proclaims the shortsightedness and ultimate unsustainability of this philosophy. This paper shows the limitations of a modern Western world-view, and the practical applicability of ideas to be found in Asian philosophies. In outline, the contrast may be portrayed by the following overgeneralizations: (1) From a linear to a cyclical world view; (2) from divine salvation to karmic necessity; (3) from human dominion over nature to human place within nature; (4) from the perfectibility of humanity and the world through science; (5) from atomistic mechanistic individualism to organic interdependence; (6) from competition to cooperation; (7) from glorification of wealth to respect for humanhood; (8) from absolute cultural values to necessary common values. Each of these attitudes is examined in light of what we now know about the world in the 21st century, as Asian philosophy is found applicable to address future problems.


2005 ◽  
Vol 38 (2) ◽  
pp. 167-180 ◽  
Author(s):  
Philip C. Stenning ◽  
Clifford D. Shearing

A few years ago, David Bayley and Clifford Shearing (1996) argued that at the end of the 20th century we were witnessing a ‘watershed’ in policing, when transformations were occurring in the practices and sponsorship of policing on a scale unprecedented since the developments that heralded the creation of the ‘New Police’ in the 19th century. In this special issue of the journal, we and our fellow contributors turn our attention to a somewhat neglected aspect of this ‘quiet revolution’ in policing (Stenning & Shearing, 1980), namely the nature of the opportunities for, and challenges posed by, the reform of policing in different parts of the world at the beginning of the 21st century. Our attention in this issue is particularly focused on the opportunities, drivers and challenges in reforming public (state-sponsored) police institutions.


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