The Spread of Market Values

The 1970s ◽  
2011 ◽  
Author(s):  
Thomas Borstelmann
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Standard Of Living ◽  
Human History ◽  
Market Values ◽  
The Poor ◽  
The World ◽  
The Future ◽  
World Economic

This chapter tracks the economy of the 1970s as it began to decline after the prosperity of previous decades. Economic growth had defined human history for two hundred years, reaching a peak in the generation after 1945 when world economic growth averaged an extraordinary 5–7 percent per year. Americans rode that growth to a higher standard of living than anyone else. But in the 1970s it all seemed to be flowing away. Unemployment, oil shortages, a plunging stock market, recession, and, above all, inflation were apparently ending these golden years of unparalleled prosperity. Inflation hit everyone, and it hit the poor hardest of all. Persistent inflation undercut dreams and hopes for the future. The economic trauma of the 1970s threatened to destabilize Americans' understanding of how the world worked.

The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

Introduction: Moral and Market disordering in the time of Covid-19

2021 ◽  
Vol 33 (3) ◽  
pp. 145-161
Author(s):  
Michaeline A Crichlow ◽  
Dirk Philipsen
Keyword(s):  
Economic System ◽  
High Growth ◽  
Special Issue ◽  
Relational Approach ◽  
Market Values ◽  
The Social ◽  
The World ◽  
World Economic ◽  
Triadic Relationship ◽  
The U.S

This special issue composed of essays that brainstorm the triadic relationship between Covid-19, Race and the Markets, addresses the fundamentals of a world economic system that embeds market values within social and cultural lifeways. It penetrates deep into the insecurities and inequalities that have endured for several centuries, through liberalism for sure, and compounded ineluctably into these contemporary times. Market fundamentalism is thoroughly complicit with biopolitical sovereignty-its racializing socioeconomic projects, cheapens life given its obsessive focus on high growth, by any means necessary. If such precarity seemed normal even opaque to those privileged enough to reap the largess of capitalism and its political correlates, the onset of the Covid-19 pandemic with its infliction of sickness and death has exposed the social and economic dehiscence undergirding wealth in the U.S. especially, and the world at large. The essays remind us of these fissures, offering ways to unthink this devastating spiral of growth, and embrace an unadulterated care centered system; one that offers a more open and relational approach to life with the planet. Care, then becomes the pursuit of a re-existence without domination, and the general toxicity that has accompanied a regimen of high growth. The contributors to this volume, join the growing global appeal to turn back from this disaster, and rethink how we relate to ourselves, to our neighbors here and abroad, and to the non-humans in order to dwell harmoniously within socionature.

scholarly journals The great Chinese transformation: cynicism and the future of the world (article two)

2020 ◽  
Vol 2020 (3) ◽  
pp. 5-23
Author(s):  
Grzegorz W. Kolodko ◽  
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Chinese Economy ◽  
The Past ◽  
Chinese Characteristics ◽  
The World ◽  
The Future ◽  
The Right ◽  
Supranational Level

The huge leap made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is causing fear in some and anxiety in others. Questions arise as to whether China’s economic success is solid and whether economic growth will be followed by political expansion. China makes extensive use of globalization and is therefore interested in continuing it. At the same time, China wants to give it new features and specific Chinese characteristics. This is met with reluctance by the current global hegemon, the United States, all the more so as there are fears that China may promote its original political and economic system, "cynicism", abroad. However, the world is still big enough to accommodate us all. Potentially, not necessarily. For this to happen, we need the right policies, which in the future must also include better coordination at the supranational level.

Crisis and European Union: Political Aspects

2012 ◽  
pp. 33-42
Author(s):  
N. Arbatova
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Focal Point ◽  
The European Union ◽  
The World ◽  
The Future ◽  
Systemic Crisis ◽  
World Economic ◽  
The Eu ◽  
Economic And Financial Crisis

The focal point of the article is the future of the European Union that has been challenged by the deepest systemic crisis in its history. The world economic and financial crisis became merely a catalyst for those problems that had existed earlier and had not been addressed properly by the EU leadership. The author argues that the EU crisis can be overcome only by new common efforts of its member-states and new integrationist projects.

The Restoring of a Prophetic Community

Pneuma ◽  
2020 ◽  
Vol 42 (3-4) ◽  
pp. 460-476
Author(s):  
Jacqueline N. Grey
Keyword(s):  
The Self ◽  
Early Church ◽  
The Poor ◽  
Self Reliance ◽  
The World ◽  
Personal Empowerment ◽  
The Future ◽  
Prophetic Community

Abstract The article discusses the future of global pentecostalism, focusing on the context of Australia. It first explores the self-identification of pentecostalism as a prophetic community in continuity with the narrative of Luke-Acts. In particular, the implications of the Isaianic mission of Jesus and the early church are discussed. The socially transformative nature of this mission includes not only miracles and healing, but also concern for the poor and marginalized. From this foundation, the article secondly addresses issues within contemporary Australian pentecostalism of individualism and self-reliance that are incompatible with the Isaianic vision. It presents, thirdly, a vision for the Australian pentecostal community that moves beyond a preoccupation with personal empowerment of the Spirit to participate with God in bringing healing and justice to the world.

History of Turkey's Economic Crises

2017 ◽  
pp. 318-332
Author(s):  
Hakan Ay ◽  
Öznur Uçar
Keyword(s):  
Economic Development ◽  
Economic Crisis ◽  
Economic Crises ◽  
Advanced Economy ◽  
Development Stages ◽  
Turkish Economy ◽  
The World ◽  
The Future ◽  
History Of ◽  
World Economic

Examine the history of Turkey's economic crisis based economy will give clues for a much better economy. For 92 years, history of Turkey Republic has experienced the development stages of democracy and economy. Turkey has completed the journey of economic development as the most advanced economy in the world, although began as an undeveloped country. Turkey has been affected from the global and regional crises and overcame the nine economic crises. The implemented economic crisis policies showed parallelism with the trend of the world economic thoughts and has been shaped around Keynes and Friedman applications. All these details have been described in our study chronologically. With our study, we were trying to portray the Turkish economy's yesterday and today. Thus, we believe that our study will create data for predicting the future of the Turkish economy and the future of the world of economy.

Indonesian Youth, Global Environmentalism and Transnational Mining

2019 ◽  
Vol 1 (1) ◽  
pp. 166-186 ◽  
Author(s):  
Pam Nilan
Keyword(s):  
Economic Growth ◽  
Moral Responsibility ◽  
Engineering Students ◽  
Global South ◽  
Environmental Risks ◽  
Environmental Engineering ◽  
Risk Society ◽  
The Poor ◽  
The World ◽  
Good Lives

Indonesian activist students are highly conscious of the environmental risks facing Indonesia and the world. Yet they also want to make good lives for themselves in a nation experiencing strong economic growth. Using the work of Ulrich Beck, this paper examines the accounts of environmental engineering students at a prestigious university who are pro-environmental activists on campus. In interviews, they admitted that it will be difficult to negotiate a lucrative career after graduation while maintaining their environmental idealism. Even though they feel a moral responsibility of care, not only towards nature, but towards the poor of the nation, they are epistemologically anchored to the technocratic tenets of their degree. Moreover, they want to make a successful life. The paper contributes to our understanding of how youth in the Global South engage with the discourse of environmentalism while negotiating the postmillennium risk society.

scholarly journals The Great Depression analogy

2010 ◽  
Vol 17 (2) ◽  
pp. 127-140 ◽  
Author(s):  
Michael Bordo ◽  
Harold James
Keyword(s):  
Economic Theory ◽  
Great Depression ◽  
Rapid Decline ◽  
Human History ◽  
Industrial Activity ◽  
The Great Depression ◽  
The World ◽  
Bank Of England ◽  
World Economic ◽  
Economic Outlook

In the discussion of our contemporary economic disease, the Great Depression analogy refuses to go away. Almost every policy-maker referred to conditions that had ‘not been seen since the Great Depression’, even before the failure of Lehman. Some even went further – the Deputy Governor of the Bank of England notably called the crisis the worst ‘financial crisis in human history’. In its April 2009 World Economic Outlook, the IMF looked explicitly at the analogy not only in the collapse of financial confidence, but also in the rapid decline of trade and industrial activity across the world. In general, history rather than economic theory seems to offer a guide in interpreting wildly surprising and inherently unpredictable events. Some observers, notably Paul Krugman, have concluded that a Dark Age of macroeconomics has set in.

scholarly journals PELATIHAN STRATEGI MENCARI DAN MELAMAR PEKERJAAN DI ERA PANDEMI COVID-19 KEPADA ALUMNI PERGURUAN TINGGI

Dharma LPPM ◽  
2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Saiful Rahman Yuniarto ◽  
Gunawan Eko Nurtjahjono ◽  
Raden Rustam Hidayat ◽  
Edy Yulianto ◽  
Muhammad Faisal Riza
Keyword(s):  
Economic Growth ◽  
Community Service ◽  
Fundamental Problem ◽  
Job Seekers ◽  
Population Growth Rates ◽  
Initial Stage ◽  
The World ◽  
Service Activity ◽  
High Population Growth ◽  
World Economic

The high unemployment rate is a fundamental problem in employment in our country, where the new workforce that is added is far greater than the increase in employment. Unemployment is a problem for countries with high population growth rates, and unemployment can also affect the level of the economy. At the beginning of 2020, world economic growth experienced a decline due to the coronavirus disease outbreak, this coronavirus (covid-19) had an impact on economic growth in the form of a decline in the level of the world economy, including Indonesia. Seeing conditions like this, special attention is needed for alumni to prepare students for the world of work. This community service is carried out in the form of training on strategies for finding and applying for jobs, the problem solving framework provided is by providing training so that it can increase knowledge and insight to job seekers college alumni about srategies for finding and applying for jobs.The purpose of this community service activity is to provide training to college alumni so that they have the readiness to find and apply for jobs. This community service activity is carried out virtually online online in the form of training and guidance. The target is college alumni who will definitely be involved in the activity of finding and applying for jobs, at the initial stage the presenter will deliver a theoretical presentation accompanied by realistic examples. The results of the implementation of community service by providing the training are expected that college alumni as prospective job seekers already have the knowledge, insight and readiness in finding and applying for jobs, then to provide knowledge and insight about strategies for finding and applying for these jobs, as well as the factors that must be considered.The high unemployment rate is a fundamental problem in employment in our country, where the new workforce that is added is far greater than the increase in employment. Unemployment is a problem for countries with high population growth rates, and unemployment can also affect the level of the economy. At the beginning of 2020, world economic growth experienced a decline due to the coronavirus disease outbreak, this coronavirus (covid-19) had an impact on economic growth in the form of a decline in the level of the world economy, including Indonesia. Seeing conditions like this, special attention is needed for alumni to prepare students for the world of work. This community service is carried out in the form of training on strategies for finding and applying for jobs, the problem solving framework provided is by providing training so that it can increase knowledge and insight to job seekers college alumni about srategies for finding and applying for jobs.The purpose of this community service activity is to provide training to college alumni so that they have the readiness to find and apply for jobs.This community service activity is carried out virtually online online in the form of training and guidance. The target is college alumni who will definitely be involved in the activity of finding and applying for jobs, at the initial stage the presenter will deliver a theoretical presentation accompanied by realistic examples. The results of the implementation of community service by providing the training are expected that college alumni as prospective job seekers already have the knowledge, insight and readiness in finding and applying for jobs, then to provide knowledge and insight about strategies for finding and applying for these jobs, as well as the factors that must be considered.

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