Demokratie und wirtschaftsordnung

1996 ◽  
Vol 5 (2) ◽  
Author(s):  
Josef Thesig
Keyword(s):  
Capital Market ◽  
World Economy ◽  
Economic Order ◽  
Global Policy ◽  
Global Capital ◽  
Rapid Changes ◽  
The World ◽  
Market Democracy ◽  
Main Factor

The article analyses two concepts: democracy and economic order. Since 1989 the world was a witness of rapid changes as never before. In the world economy we can see a globalization, nations and regions are determine by global policy, world economy and global capital market. Democracy needs a substantial economics base. This base is main factor of its stability.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

Arrighi’s Theory of systemic cycles of capital accumulation as a mechanism of cyclical development of the Global Economy

2021 ◽  
pp. 966-981
Author(s):  
Sergey Gennadyevich Kapkanshchikov
Keyword(s):  
Capital Accumulation ◽  
World Economy ◽  
Global Analysis ◽  
Methodological Approach ◽  
The United States ◽  
State Regulation ◽  
Economic Order ◽  
The World ◽  
World Economic ◽  
World Economic Order

The article uses the methodology of systemic global analysis and the theory of systemic cycles of capital accumulation to argue that we are now at a turning point of the modern era in connection with the unfolding change in the dominant world economic order. Based on the methodological approach, within the framework of which there is a hegemonic country and the rest of the world, the forecast regarding the forthcoming multipolarity of the world economy is rejected. Various stages of capital and financial expansion with their inherent, respectively, dirigistic and liberal models of state regulation of the economy are compared to each other. A chronological overview of the Spanish-Genoese, Dutch, British, American and Asian accumulation cycles is presented. The patterns of their change in the course of the formation of new technological structures are revealed. The place of Russia in the process of natural evolution of world economic structures is also identified. The objective and subjective reasons for the longterm hegemony of the United States, as well as factors of the upcoming completion of the American cycle of capital accumulation in the foreseeable future, are revealed. The author outlines the tactics employed by the American authorities to counteract the objective hegemonic cycles. The reasons for the movement of the center of the world economy to the East Asian region are revealed, with the justification of the need for a natural inclusion of Russia in the functioning of the Asian world economic order.

Evaluation of Blockchain in Capital Market Use-Cases

2018 ◽  
Vol 10 (1) ◽  
pp. 54-76
Author(s):  
Sinsu Anna Mathew ◽  
Abdul Quadir Md
Keyword(s):  
Capital Markets ◽  
Capital Market ◽  
Use Cases ◽  
Third Party ◽  
Global Capital ◽  
Distributed Ledger ◽  
The World ◽  
High Integrity ◽  
Middle Man ◽  
Financial Transactions

This article describes the “Blockchain” which is an upcoming technology in the current leading world and which serves as a capital market use-cases for many of the global Fintech industries across the world, is a distributed ledger of economic transactions which not only used for recording financial transactions but mostly everything of value in this world. In the current world, mostly all the transactions are done through online which mainly includes the bank as a “middle man,” which could be untrustworthy at times. Blockchain comes into the picture which eliminates the need of a middle man or third party between the users who are involved in the transactions. Represents a financial ledger entry of data structure which consists of record of transactions which is digitally signed and cannot be tampered as authenticity is ensured in which the ledger is considered to be of high integrity. One of the leading and highly valued platform of blockchain is “Hyperledger Fabric” which is meant for securing transactions and serves a powerful container technology for smart contract development in the global capital firms. The potential of Blockchain and DLT in capital markets in this upcoming world could remove many of the inefficiencies and costs inherent in the global capital markets across the world and could be considered as a viable technology which enable to settlement.

scholarly journals DEVELOPMENT OF THE WORLD ECONOMY: STATE, TENDENCIES, FACTORS OF INSTABILITY AND CHALLENGES OF TIME

2021 ◽  
Author(s):  
Anastasiia Molozhen ◽  
Nataliia Skrypnyk
Keyword(s):  
World Economy ◽  
Large Scale ◽  
The United States ◽  
Employment System ◽  
Goods And Services ◽  
Stage Of Development ◽  
Economic Forces ◽  
The World ◽  
Network Technologies ◽  
Main Factor

The article considers the main issues concerning the development of the world economy in the time of globalization. Today there are certain challenges, which affect the state of the world economy, trend formation in its functioning. The main factor of instability at the current stage of development of the world economy is the crisis due to the COVID-19 pandemic, which affected all countries and led to reduction in international trade, unemployment rising, poverty rising (especially in Africa, where GDP per capita in 2019 was the lowest in the world), etc. Nowadays many companies strive to implement flexible employment, which gives people an opportunity to work from various countries online without leaving their houses. Basically, it provides employers with safety. In 2020 there are 78% of all companies, which have implemented this employment system compared to 53% in 2019. The article reflects the dynamics of world trade during 2015–2019, reflecting growth of world exports until 2018 and growth of service trade until 2019. Electrical appliances, their parts, equipment were a significant part of world export. Moreover, there are several countries, which were the main service exporters and importers in 2019: USA, China and United Kingdom. Fluctuations in world inflation were noticeable, in 2020 amounted to 4.9%. Zimbabwe and Sudan had the highest inflation level in 2021 – 348.6% and 269.3% respectively. In addition, one of the trends implies the expansion of trade through the development of network technologies that have made it possible to sell goods and services online. A large-scale engine for the development of the world economy is the activity of TNCs, which foreign direct investment moves through and which accelerate scientific and technical progress in the time of globalization. Nowadays TNCs have more opportunities to expand their markets and boost their sales due to information revolution, which also allowed companies to establish relations with different enterprises. One of the most important aspects implies gradual reorientation of economic forces towards China, which creates strong competition with the United States as a world leader.

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.

Pengaruh Covid-19 terhadap Indeks Harga Saham Gabungan (IHSG) dan Nilai Tukar Rupiah

2021 ◽  
Vol 3 (2) ◽  
pp. 313-323
Author(s):  
Nisa Alfira ◽  
Muhammad Iqbal Fasa ◽  
Suharto Suharto
Keyword(s):  
Exchange Rate ◽  
Financial Institutions ◽  
Capital Market ◽  
Stock Price ◽  
World Economy ◽  
Price Index ◽  
The World ◽  
Islamic Financial Institutions ◽  
Stock Price Index ◽  
The Impact

The purpose of this study was to determine the effect of the Covid-19 pandemic on the Composite Stock Price Index (IHSG) and the rupiah exchange rate in Indonesia. The research method used is descriptive qualitative by describing the existing phenomena. The results show that the impact of the Covid-19 pandemic does not only affect public health, but also affects the Indonesian economy, especially in Islamic financial institutions in the Islamic capital market, namely the Composite Stock Price Index and the weakening of the rupiah exchange rate. The pandemic has also been proven to have put pressure on the world economy, including Indonesia.

scholarly journals Declaring the Global Economy a Status Confessionis?

2019 ◽  
Vol 84 (2) ◽  
pp. 194-219
Author(s):  
Menno R. Kamminga
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Economic Order ◽  
Original Position ◽  
Contemporary World ◽  
Thomas Pogge ◽  
The World ◽  
Economic Foundation ◽  
Negative Duty

This article revisits theologian Ulrich Duchrow’s three-decade-old use of the Protestant notion of status confessionis to denounce the capitalist global economy. Scholars quickly dismissed Duchrow’s argument; however, philosopher Thomas Pogge has developed a remarkable “negative duty”—based critique of the current global economic order that might help revitalize Duchrow’s position. The article argues that sound reasons exist for the churches to declare the contemporary world economy a—provisionally termed—status confessionis minor. After explaining the inadequacy of Duchrow’s original position and summarizing Pogge’s account, the article develops a twofold argument. First, Pogge’s in-depth inquiry into the world economy gives Duchrow’s call for a status confessionis a strong yet narrowing economic foundation. Second, to declare the world economy a status confessionis minor is theological-ethically justifiable if the limited though indispensable “prophetic” significance of doing so is acknowledged. Thus, Duchrow’s approach is justified, but only partially.

Sign in / Sign up

Export Citation Format

Share Document