Contra pan-institutionalism. Part I

2019 ◽  
pp. 119-146 ◽  
Author(s):  
Rostislav I. Kapeliushnikov
Keyword(s):  
Political Institutions ◽  
Social Order ◽  
Economic History ◽  
Turning Point ◽  
Industrial Revolution ◽  
Academic Community ◽  
Political Sciences ◽  
The World ◽  
World Economic ◽  
Modern Economic

The paper provides a critical assessment of Pan-i nstitutionalism — an approach which tries to explain the course of the world economic history by changes in formal economic and formal political institutions. This approach is mono-causal since for it formal institutions do not simply matter: in fact they are all that matter. The most complete and elaborated versions of Pan-institutionalism were presented i n two famous books — “Violence and social order” by North, Wallis and Wei ngast and “Why nations fail” by Acemoglu and Robinson. Their ideas were taken by the Russian academic community as the last word in the modern economic and political sciences. The paper demonstrates methodological narrowness, conceptual inconsistency and historical inadequacy of Pan-institutionalism. In particular, it fails to provide a coherent explanation of the turning point of the world economic history — the Industrial revolution in England in the mid of XVIII century, i.e. a transition from Malthusian to Schumpeterian economic growth.

Foreign Private Investment in India 1920–1950

1978 ◽  
Vol 12 (4) ◽  
pp. 655-677 ◽  
Author(s):  
B. R. Tomlinson
Keyword(s):  
Foreign Investment ◽  
Economic History ◽  
Major Part ◽  
Private Investment ◽  
International Economy ◽  
The World ◽  
Foreign Private Investment ◽  
World Economic ◽  
Overseas Investment ◽  
Developed Nations

Overseas investment by developed nations in the less industrialized economies of Asia, Africa and Latin America is an important part of modern international economic history. Such investment has long been recognized as a potent force in integrating the international economy. It has also been placed at the heart of most theories of the expansion of European empires in the nineteenth century and it is seen as a major part of the ‘neo-colonialism’ that is widely thought to have characterized the world economic and political structure since 1945. This article will examine private foreign investment in India in the first half of the twentieth century, spanning the gap between the ‘imperial’ and the ‘neo-colonial’ epochs.

scholarly journals Post Human Craft: A Humble Attempt to Reorient Makers to the Inevitable

Cubic Journal ◽  
2020 ◽  
pp. 150-165
Author(s):  
James Stevens ◽  
Keyword(s):  
Human Evolution ◽  
Industrial Revolution ◽  
First Century ◽  
World Economic Forum ◽  
Profound Change ◽  
Fourth Industrial Revolution ◽  
The World ◽  
World Economic ◽  
Digital Algorithms ◽  
Waking Up

Nearing the end of the second decade of the twenty-first century many craftspeople and makers are waking up to the inevitable reality that our next human evolution may not be the same, that this time it could be different. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum refers to what we are beginning to experience as the Fourth Industrial Revolution (Schwab 2017, 01). Schwab and his colleagues believe that this revolution could be much more powerful and will occur in a shorter period than the preceding industrial and digital revolutions. This revolution will cause a profound change in how we practice, labour and orient ourselves in the world. Rapidly evolving technologies will proliferate the use of robotics and personalised robots (co-bots) that can sense our presence and safely work alongside us. Digital algorithms are already becoming more reliable predictors of complex questions in medicine and economics than their human counterparts. Therefore, the gap between what a computer can learn and solve and what a robot can do will quickly close in the craft traditions. This article will engage in the discourse of posthumanism and cybernetics and how these debates relate to craft and making. Intentionally this work is not a proud manifesto of positions, strategies, and guidelines required for greatness. Alternatively, it is a humble attempt to reorient makers to the necessary discourse required to navigate the inevitable changes they will face in their disciplines. Thus, the article seeks to transfer posthumanist literary understanding to intellectually position craft in the Fourth Industrial Revolution.

scholarly journals World’s Economy and Future Post-Covid-19: A Case Study China Will Impose New World Order

2021 ◽  
Vol 2 (1) ◽  
pp. 20-34
Author(s):  
Akhtar Gul ◽  
Tanbila Ghafoor ◽  
Fatima Zahra
Keyword(s):  
Social Order ◽  
New World ◽  
Labor Demand ◽  
World Order ◽  
New World Order ◽  
New Wars ◽  
The Us ◽  
The World ◽  
World Economic ◽  
Tourism Economy

The aim of this paper describes world’s future post-COVID-19. Coronavirus resemble pandemics exist in centuries. Exactly, one century ago influenza flu affected the world economy and social order. About millions of people died caused by pandemics along with weak and collapsed economies. The pandemic entirely affected every sphere of life, including, Labor demand and supply, tourism, economy, politics, and nature of the world.  There are two possible scenarios of the world post-Covid-19. First one world will enter new wars, hunger, and world order and so on. Second one, whole states collectively tackle this pandemic. Firstly, Economic and military strength determine the political power of a state. The US has been facing severe and critical crises since 2016. Thus, the US will not maintain power more and more. USA’s One Step Back Policy will collapse USA power and Trump loses the election, and new president will impose new wars on Asian land. European Union will disintegrate due to race of power among the powers along with world face. Secondly, China will impose a new world order after COVID-19. Because China policies totally different from previous superpowers. During supremacy, the Great Britain and USA were adopted aggressive political and military policies. In Contrast, China adopted an economic policy which is beneficial for every society. China started to lead the world economically and politically. So, this gap will create a new war in Asia and globally. China Economic Network policy (BRI) would cover world in 2040 years. Thirdly, world economies will face severe economic conditions like 1923, 1929 and 2008. The current recession and political scenarios are knocking a depression on world economic door. Fourthly, emerging economy India will not cover economic power till 2025. Maybe India never achieves economic prosperity due to Jingoistic approach.  In this paper, we predicate world’s economic and politics shape post-covid-19. The virus is changed every sphere and every field of life. ? We used NiGEM model. It’s just predication, will what occur in future. About 3% Gross Domestic Product, 10% consumption, 18% manufacturing and 13% to 32% trade declined due to current pandemics. Universal recession also take place. Now, how the world’s powerful state will push the world into new wars. Which one imposed new world order post-covid-19? Does a new Great Depression knock world door

scholarly journals Discretionary Governance

2021 ◽  
Vol 27 (4) ◽  
pp. 540-560
Author(s):  
Christina Garsten ◽  
Adrienne Sörbom
Keyword(s):  
Social Order ◽  
Symbolic Capital ◽  
World Economic Forum ◽  
For Profit ◽  
Not For Profit ◽  
Selection Processes ◽  
The World ◽  
World Economic ◽  
Ethnographic Data ◽  
Low Degrees

Abstract Built on the exclusive funding of 1,000 large transnational corporations, the World Economic Forum is a not-for-profit Swiss foundation, aiming to shape the direction of globalization. Its events are characterized by low degrees of formality and transparency. Research on what this organization does is scarce. This article suggests the term discretionary governance to capture the precarious, yet existing, social order that the organization shapes. By discretionary governance, we mean a set of discreet practices based on the organization’s judgement in ways that escape established democratic controls. Drawing on ethnographic data the paper demonstrates how selection, secrecy, and status form key components of this tenuous ordering. Selection processes and secrecy contribute to status elevation of the individuals and organizations chosen to participate. Upon them and the organization itself is bestowed a symbolic capital that is practical and possibly profitable in the world of global governance.

The Motivation to Not Cooperate

2021 ◽  
pp. 69-72
Author(s):  
Samuel Cohn
Keyword(s):  
Middle Ages ◽  
Economic History ◽  
Industrial Revolution ◽  
Substantial Improvement ◽  
Military Power ◽  
Level Playing Field ◽  
Playing Field ◽  
Standards Of Living ◽  
The World ◽  
European Standards

This chapter analyzes how Europe historically underdeveloped much of the world. Europe had been growing endogenously during the last few centuries of the Middle Ages. However, its big break came from the discovery of the Americas. Mexico and Peru had supplies of silver far in excess of anything available in Europe. The Spanish seizure of the Mayan and Aztec kingdoms provided Europe with a vast supply of silver currency that led to one of the greatest monetary expansions in economic history. This financed both a substantial improvement in European standards of living and a substantial increase in European military power. The chapter then looks at how the Europeans treated Java, the economic center of ancient Indonesia, as well as India. When the Industrial Revolution came, Britain developed factory textiles, which threatened to bankrupt the rest of the world's textile makers. Most of the world that was not colonized responded to the British threat by putting tariffs on English textiles. Soon all of those nations had their own textile factories and were able to compete in the world clothing market on a level playing field.

scholarly journals A Review of Gregory Clark's A Farewell to Alms: A Brief Economic History of the World

2008 ◽  
Vol 46 (4) ◽  
pp. 946-973 ◽  
Author(s):  
Robert C Allen
Keyword(s):  
Economic Growth ◽  
Middle Class ◽  
Economic History ◽  
Industrial Revolution ◽  
Empirical Support ◽  
Living Standards ◽  
Preventive Check ◽  
The World ◽  
History Of

A Farewell to Alms advances striking claims about the economic history of the world. These include (1) the preindustrial world was in a Malthusian preventive check equilibrium, (2) living standards were unchanging and above subsistence for the last 100,000 years, (3) bad institutions were not the cause of economic backwardness, (4) successful economic growth was due to the spread of “middle class” values from the elite to the rest of society for “biological” reasons, (5) workers were the big gainers in the British Industrial Revolution, and (6) the absence of middle class values, for biological reasons, explains why most of the world is poor. The empirical support for these claims is examined, and all are questionable.

How the Old World Ended

2020 ◽  
Author(s):  
Jonathan Scott
Keyword(s):  
Turning Point ◽  
Industrial Revolution ◽  
World History ◽  
Unique Type ◽  
British North America ◽  
The North ◽  
The World ◽  
The North Sea ◽  
Anglo American ◽  
The Military

Between 1500 and 1800, the North Sea region overtook the Mediterranean as the most dynamic part of the world. At its core the Anglo-Dutch relationship intertwined close alliance and fierce antagonism to intense creative effect. But a precondition for the Industrial Revolution was also the establishment in British North America of a unique type of colony — for the settlement of people and culture, rather than the extraction of things. England's republican revolution of 1649–53 was a spectacular attempt to change social, political, and moral life in the direction pioneered by the Dutch. This book argues that it was also a turning point in world history. In the revolution's wake, competition with the Dutch transformed the military-fiscal and naval resources of the state. One result was a navally protected Anglo-American trading monopoly. Within this context, more than a century later, the Industrial Revolution would be triggered by the alchemical power of American shopping.

scholarly journals APPLICATION OF TOPSIS METHOD FOR THE EVALUATION OF ECONOMIC INEQUALITY IN OECD COUNTRIES

2017 ◽  
Vol 50 (1) ◽  
pp. 165-179
Author(s):  
Łukasz Kiszkiel
Keyword(s):  
Social Stratification ◽  
Social Order ◽  
Economic Inequality ◽  
Oecd Countries ◽  
World Economic Forum ◽  
Economic Liberalism ◽  
Economic Stratification ◽  
The World ◽  
World Economic ◽  
World Economic Crisis

Abstract Growing economic stratification each year in many countries is such a pressing issue that even the World Economic Forum, organized in 2014 in the luxury resort of Davos, recognized it as one of the most dangerous threats to social order. The problem of economic inequality, pushed by the apologists of economic liberalism to the margins of media discourse, once again became a “hot” topic with the World Economic Crisis in 2008, the effects of which are still felt in various countries today, and which contribute to the expansion of global social stratification. The aim of the article is to describe the sample indicators typically used by organizations, i.e. OECD, theWorld Bank to measure economic inequality in the world, and then, on the basis of these indicators, create a synthetic instrument based on TOPSIS methodology, which will allow for preparing a multi-criteria ranking of OECD countries in terms of economic inequality.

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