Global Wars, Public Debts, and the Long Cycle

1983 ◽  
Vol 35 (4) ◽  
pp. 489-516 ◽  
Author(s):  
Karen A. Rasler ◽  
William R. Thompson
Keyword(s):  
Economic Development ◽  
Great Britain ◽  
Longitudinal Analysis ◽  
Public Debt ◽  
Significant Proportion ◽  
Empirical Support ◽  
Long Cycle ◽  
Public Credit ◽  
The World

The explanation of the rise and fall of the world system's leading powers in terms of uneven economic development tends to overlook the role of the creation and management of public credit and national debts. Prior to 1815, the Netherlands and Great Britain owed a significant proportion of their respective victories over the larger and wealthier states of Spain and France to the development of competitive financial capabilities. Winning, however, leads to higher absolute debt burdens which, prior to 1945, encouraged postwar reductions in governmental expenditures. In this fashion, world leaders have contributed to the erosion of their preponderant capability positions before the emergence of international rivals. These ideas are elaborated within the context of George Modelski's long cycle of world leadership theory and through a brief review of war-related financial problems between 1500 and 1815 and the consequent development of national debts. The longitudinal analysis of British and American public debt data provides collaborating empirical support.

The Role of Technology to Achieve Sustainable Economic Development in Africa

2016 ◽  
Vol 4 (2) ◽  
pp. 30-41
Author(s):  
Sally M. Farid
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
African Countries ◽  
Potential Growth ◽  
Annual Series ◽  
Development Indicators ◽  
Telecommunications Infrastructure ◽  
Sustainable Economic Development ◽  
The World

Objective - The purpose of this paper is to study how the technological innovation can achieve and promote sustainable development particularly in Africa. It considers forms of innovation technology that could enhance sustainable development. Methodology/Technique - The data used in this paper includes 54 African countries and the study period is from 2000 to 2014, using data on IT that measures the stock of telecommunications infrastructure as telecommunications investment. The GDP series represents annual real GDP in the prices of 2000. Annual series for IT and GDP were collected from the World Development Indicators of the World Bank database in 2015. Findings - The paper presents the concept and strategies of Sustainable Economic Development, discusses existing technologies in sustainable development, shows the role of technology in sustainable development, and presents the information and communication technology to promote economic development in Africa and the obstacles to set up policies for innovation technology in Africa. Novelty - The results have major implications. Firstly, the access to telecommunications services contributes towards economic growth. Secondly, an appropriate regulatory environment is necessary to realize the potential growth in telecommunications demand generated by increased income. Type of Paper - Empirical Keywords: Technology; Sustainable Economic Development; ICT in Africa.

scholarly journals The Role of Kuzbass in the New Strategy of Socio-Economic Development of Russia in the Fourth System Cycle of Capitalist Accumulation: the World-System Analysis

2018 ◽  
Vol 41 ◽  
pp. 04032 ◽  
Author(s):  
Natalya Osokina
Keyword(s):  
Economic Development ◽  
System Integration ◽  
Capital Accumulation ◽  
System Analysis ◽  
Raw Materials ◽  
World System ◽  
The World ◽  
Socio Economic Development ◽  
Conceptual Foundations

The aim of the research is to develop the conceptual foundations of the strategy of socio-economic development for mining region (on the example of Kuzbass) under the conditions of the fourth systemic cycle of capitalist accumulation. The relevance of the issue is determined by the need to eliminate the growing lag of Russia behind the world economy leaders, which is impossible without a new vision of the role of resourceproducing regions in the national economic system. Integration of Russia into the capitalist world-system on the basis of the Washington Consensus has formed in it a raw-materials export model in which its natural resources serve the accelerated economic growth of the competing countries. The accumulation of individual capitals dominates the social capital accumulation, which leads to a reduction in Russia's share in world GDP and population. This article presents the conceptual foundations of the Kuzbass development strategy in accordance with the new conditions for the Russian economy performance in the fourth systemic cycle of capitalist accumulation.

scholarly journals Priority directions of development “Uzbekneftegas” jsc in the conditions of globalization of the world economy

2019 ◽  
Vol 139 ◽  
pp. 01008
Author(s):  
G.Zh. Allaeva
Keyword(s):  
Economic Development ◽  
Energy Balance ◽  
Natural Gas ◽  
World Economy ◽  
Economic Globalization ◽  
Hydrocarbon Production ◽  
The World ◽  
The Face ◽  
The Republic

The article considers the role of “Uzbekneftegas” JSC in the economic development of the fuel and energy complex of the Republic in the face of increasing global economic globalization. The structure of the company, the priority areas for the development of JSC activities are shown. The perspective directions in hydrocarbon production are considered. The data on the production, use and distribution of natural gas by sectors of the economy of Uzbekistan are presented, and the structure of the energy balance of the Republic of Uzbekistan is shown.

Die Rekrutierung von Topmanagern in Europa

1997 ◽  
Vol 38 (1) ◽  
pp. 3-37 ◽  
Author(s):  
Michael Hartmann
Keyword(s):  
Great Britain ◽  
Cultural Capital ◽  
Middle Classes ◽  
The World ◽  
Ruling Elites ◽  
The Common ◽  
Class Habitus ◽  
Opening Up

Seventy-five to eighty per cent of the ruling elites of the three main European nations (France, Great Britain and Germany) are drawn from the middle classes, and their social recruitment has hardly changed over the last 2j years. According to the author, Bourdieu's theory of class habitus and the role of cultural capital is thus strongly confirmed, refuting the common argument that the world of elites is opening up.

Rostow's Kondratieff Cycle in Australia

1984 ◽  
Vol 44 (3) ◽  
pp. 729-753 ◽  
Author(s):  
David Pope
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Raw Materials ◽  
Long Waves ◽  
Social Scientists ◽  
The World ◽  
Kondratieff Cycles ◽  
The Subject

The turn of economic events in the early 1970s correlates with a revival of ideas about the existence of long swings in economic development. The subject of Kondratieff cycles has attracted the pens of social scientists of very different persuasions. This paper draws on Walt W. Rostow's interpretation—with its emphasis on the role of exporters of food and raw materials in the world economy—to explore Australian long waves over the last 110 years. I conclude that the case for their existence is not confirmed and moreover that Rostow's cycle-mechanics offer a doubtful explication of movements in the Australian series.

scholarly journals THE ECONOMIC IMPACT ON GLOBAL TOURISM

10.26458/1728 ◽  
2017 ◽  
Vol 17 (2) ◽  
pp. 127-139
Author(s):  
Bogdan Sofronov
Keyword(s):  
Economic Development ◽  
Economic Impact ◽  
Economic Activity ◽  
Global Economy ◽  
Gdp Growth ◽  
Mutual Understanding ◽  
Tourism Sector ◽  
The World ◽  
Global Tourism

Tourism is an important economic activity in most countries around the world. As well as its direct economic impact,the industry has significant indirect and induced impacts.The outlook for the Tourism sector in 2017 remains robust and will continue to be at the forefront of wealth and employment creation in the global economy, despite the emergence of a number of challenging headwinds.In tourism, GDP growth is expected to accelerate to 3.8%, up from 3.1% in 2016. As nations seem to be looking increasingly inward, putting in place barriers to trade and movement of people, the role of Tourism becomes even more significant, as an engine of economic development and as a vehicle for sharing cultures, creating peace, and building mutual understanding.

scholarly journals The Role of Education in Economic Development: A Comparison of South Korea and Kyrgyzstan

2018 ◽  
Author(s):  
Nargiza Sakmurzaeva
Keyword(s):  
Economic Development ◽  
South Korea ◽  
Technological Development ◽  
National Policy ◽  
Developed Countries ◽  
Developed Country ◽  
National Budget ◽  
The World ◽  
Small Economy

Education plays a big role in the economic development of the country. No country can achieve sustainable economic development without educated human capital. Education helps people to understand themselves and world. It improves the quality of their lives and leads to broad social benefits to individuals and society. Education is a very important in raising productivity of people and promotes technological development. The main purpose of this paper is to identify the role of education in the economic development by comparing South Korea and Kyrgyzstan which are represents developed and developing countries of the world. South Korea, for example, is a highly industrialized and developed country which educational system is in the list of the best 10 systems in the world. In opposite, Kyrgyzstan is an agricultural country which economy is dominated by minerals extraction, agriculture, and reliance on remittances from citizens working abroad. As a result of the research it can be concluded that education is a compulsory and one of the major tools for development of one country. A developing country with a small economy such as Kyrgyzstan should take an example from South Korea and allocate much money from the national budget for the education. So, it is important for Kyrgyzstan to implement educational policy of developed countries within the framework of national policy.

scholarly journals Impact of intellectual resources on the economic development

2017 ◽  
pp. 219-230
Author(s):  
D. KUKAREKO
Keyword(s):  
Quality Of Life ◽  
Economic Development ◽  
Development Economic ◽  
Innovative Development ◽  
Economic Competitiveness ◽  
Leading Role ◽  
Institutional Infrastructure ◽  
The World

This article deals with the change in the leading role of resources that influence current economic development in the world. Postindustrial informational area and knowledgebased economy require newly formed institutional infrastructure and fresh view on the values and basis of the countries’ wealth. According to the necessity of improving the quality of life based on economic competitiveness ability, attracting investments and innovative development, economic policy should be lead adjusted for the leading role of informational industries that are able to renew countries’ economic growth and overcome crisis.

scholarly journals IMPACT OF PUBLIC PROCUREMENT ON STIMULATING BUSINESS ACTIVITIES AND ECONOMIC DEVELOPMENT

2020 ◽  
Vol 15 (20) ◽  
pp. 81-91
Author(s):  
Giorgi Abuselidze ◽  
Lasha Beridze
Keyword(s):  
Economic Development ◽  
European Integration ◽  
Public Procurement ◽  
Current Situation ◽  
International Standards ◽  
Present Stage ◽  
Increased Risk ◽  
The World

Public procurement plays an important role in shaping GDP and it acts as a catalyst for the economy and business as a whole. The role of public procurement is especially growing during crises. The current situation around the world does not meet reliable expectations, therefore, in such a case, the business stops the movement of capital within the increased risk, both locally and internationally. At the same time, ensuring the transparency of public procurement and adapting to international standards is of particular importance for Georgia on the path to European integration. The effectiveness of public procurement is assessed by various factors, at the present stage, mainly economically efficient public procurement is distinguished, as well as procurements focused on innovation and care for the environment.

scholarly journals The Role of Indians in Imperialistic India as portrayed in Amitav Ghoshs’ The Ibis Trilogy

2021 ◽  
Vol 9 (6) ◽  
pp. 54-64
Author(s):  
Sharmila Priya S
Keyword(s):  
Great Britain ◽  
The Other ◽  
Symbiotic Relationship ◽  
Opium War ◽  
Other Hand ◽  
The World ◽  
Careful Manipulation ◽  
Relationship Of

Amitav Ghosh’s Ibis Trilogy is a saga of the Opium War and the imperialistic monopoly of Great Britain over almost half the world. The British conquered India and ruled over the sub-continent with an iron hand, but at the same time being flexible with certain practices of the Indians. The Indians on the other hand, apert from sporadic outbursts, supported the British in their rule, with money and men. The symbiotic relationship of the British rulers and the Indian subjects was complex and incomprehensible to outsiders. The British through careful manipulation made the Indians do their bidding and this is reflected by Ghosh in his trilogy.

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