scholarly journals U.S. CITIES IN THE GLOBAL BANKING SYSTEM (1970s - 2010s)

2020 ◽  
Vol 4 (1) ◽  
pp. 83-92
Author(s):  
L.V. Nikitin
Keyword(s):  
United States ◽  
Western Europe ◽  
Banking System ◽  
The United States ◽  
Similar Data ◽  
Us Economy ◽  
Slow Development ◽  
Global Banking ◽  
The World ◽  
Other Information

Based on statistical data and other information, the article traces how the place of the United States of America in the world banking system was changing over the course of several decades. Such monitoring is carried out simultaneously at two levels: both in relation to the country as a whole, and to its most important cities. Research begins at the turn of the 1960s-1970s and extends to the present (the choice of the starting chronological point is determined by the fundamental shifts in the world economy that took place during that period, as well as by the emergence in 1970 of accessible and reliable statistical reports of an international scale). The set of quantitative indicators reflecting the ups and downs in the history of American banking business is considered in parallel with similar data for the main competing forces, namely Western Europe, Japan and China. The measurements show that in the 1970s and 1980s the share of the United States in the global banking was usually declining. The centre of credit activity then moved to Japan and partly to Europe. Such shifts were explained by both the relatively slow development of the US economy and a number of legal restrictions that American banks faced within their own country. Reforming of the national financial sector, carried out in several stages during the 1980s - 1990s, yielded contradictory but mostly positive results. From 1994-1995, US shares in the global banking began to rise, and then stabilized at relatively high levels. The American successes, for all their moderation, seemed to be a significant achievement, given that even the most powerful newest factor, the enormously fast strengthening of China, could not block them. Positive changes for the United States were connected with the ability to modernize national legislation rather flexibly and quickly, as well as with the maintenance of significant internal competition between cities (in comparison with the more monopolized banking areas of Europe and the largest Asian countries).

Liberalism since the Cold War: an enemy to itself?

1999 ◽  
Vol 25 (5) ◽  
pp. 145-160 ◽  
Author(s):  
GEOFFREY HAWTHORN
Keyword(s):  
United States ◽  
Cold War ◽  
Western Europe ◽  
World Order ◽  
The United States ◽  
International Markets ◽  
Political Rights ◽  
The World ◽  
The Cold War ◽  
Regional Development Banks

Many expected that after the Cold War, there would be peace, order, increasing prosperity in expanding markets and the extension and eventual consolidation of civil and political rights. There would be a new world order, and it would in these ways be liberal. In international politics, the United States would be supreme. It would through security treaties command the peace in western Europe and east Asia; through its economic power command it in eastern Europe and Russia; through clients and its own domination command it in the Middle East; through tacit understanding command it in Latin America; and, in so far as any state could, command it in Africa also. It could choose whether to cooperate in the United Nations, and if it did not wish to do so, be confident that it would not be disablingly opposed by illiberal states. In the international markets, it would be able to maintain holdings of its bonds. In the international financial institutions, it would continue to be decisive in the International Monetary Fund and the World Bank; it would be an important influence in the regional development banks; and it would be powerful in what it was to insist in 1994 should be called the World (rather than Multinational) Trade Organisation. Other transactions in the markets, it is true, would be beyond the control of any state. But they would not be likely to conflict with the interests of the United States (and western Europe) in finance, investment and trade, and would discipline other governments.

Separated at Birth?

2010 ◽  
Author(s):  
Peter Baldwin
Keyword(s):  
United States ◽  
Death Penalty ◽  
Western Europe ◽  
The United States ◽  
Unexpected Death ◽  
The World ◽  
Exit Option ◽  
Definition Of ◽  
The Uk ◽  
Fathers And Sons

To Return To The Bulk of our material in this book, what absolute differences separate the United States from Europe? The United States is a nation where proportionately more people are murdered each year, more are jailed, and more own guns than anywhere in Europe. The death penalty is still law. Religious belief is more fervent and widespread. A smaller percentage of citizens vote. Collective bargaining covers relatively fewer workers, and the state’s tax take is lower. Inequality is somewhat more pronounced. That is about it. In almost every other respect, differences are ones of degree, rather than kind. Oft en, they do not exist, or if they do, no more so than the same disparities hold true within Western Europe itself. At the very least, this suggests that farreaching claims to radical differences across the Atlantic have been overstated. Even on violence—a salient difference that leaps unprompted from the evidence, both statistical and anecdotal—the contrast depends on how it is framed. Without question, murder rates are dramatically different across the Atlantic. And, of course, murder is the most shocking form of sudden, unexpected death, unsettling communities, leaving survivors bereaved and mourning. But consider a wider definition of unanticipated, immediate, and profoundly disrupting death. Suicide is oft en thought of as the exit option for old, sick men anticipating the inevitable, and therefore not something that changes the world around them. But, in fact, the distribution of suicide over the lifespan is broadly uniform. In Iceland, Ireland, the UK, and the United States, more young men (below forty-five) than old do themselves in. In Finland, Luxembourg, the Netherlands, and Norway, the figures are almost equal. Elsewhere, the older have a slight edge. But overall, the ratio between young and old suicides approximates 1:1. Broadly speaking, and sticking with the sex that most oft en kills itself, men do away with themselves as oft en when they are younger and possibly still husbands, fathers, and sons as they do when they are older and when their actions are perhaps fraught with less consequence for others. Suicide is as unsettling, and oft en even more so, for survivors as murder.

Politics

2020 ◽  
pp. 84-121
Author(s):  
David Damrosch
Keyword(s):  
Higher Education ◽  
United States ◽  
Comparative Literature ◽  
Western Europe ◽  
The United States ◽  
Rapid Expansion ◽  
Institutional Politics ◽  
The World ◽  
International Comparative ◽  
Political Scene

This chapter discusses the comparatists who reshaped the comparative literature in the United States during the 1950s and 1960s. It mentions Anna Balakian, who became a leading figure in both the American and International Comparative Literature Associations. It also describes Anna and her family's emigration in 1921 from Turkey to western Europe and eventually to the United States. The chapter analyzes how comparatists sought to change the world in the postwar years, a time of rapid expansion in higher education and optimism about America's role in fostering international cooperation and understanding. It also focuses on the need of politics of comparative studies to have a dual focus on institutional politics, a wider political scene, and a postcolonial perspective.

The Unity of the West and Free Trade: A Report From Washington

Worldview ◽  
1970 ◽  
Vol 13 (6) ◽  
pp. 14-16
Author(s):  
Lionel Gelber
Keyword(s):  
United States ◽  
Free Trade ◽  
Western Europe ◽  
The United States ◽  
Common Market ◽  
The West ◽  
The World ◽  
The Future ◽  
The Common ◽  
De Gaulle

When the United States fostered the recovery and underwrote the security of Western Europe she had more than sentiment to impel her. That salient zone is a pivotal sector of the world balance, and while she may station fewer of her own troops upon its soil, she can entertain no total disengagement from it. But there is another West European item, the future of the Common Market, which calls for a fresh American scrutiny. The West will be better off if Western Europe acquires more of an ability to stand on its own feet. Gaullism, however, revealed a less modest goal, one that was not confined to France and did not vanish with the departure of General de Gaulle. On the contrary, it may have gained new leverage from his downfall.

Industrialization, Hubs, and Catch-up

2020 ◽  
pp. 145-161
Author(s):  
Deepak Nayyar
Keyword(s):  
United States ◽  
Western Europe ◽  
Industrial Revolution ◽  
The United States ◽  
First Century ◽  
Rapid Decline ◽  
The Past ◽  
Early Twenty ◽  
The World ◽  
Catch Up

This chapter analyses the striking changes in the geographical distribution of manufacturing production amongst countries and across continents since 1750, a period that spans more than two-and-a-half centuries, which could be described as the movement of industrial hubs in the world economy over time. Until around 1820, world manufacturing production was concentrated in China and India. The Industrial Revolution, followed by the advent of colonialism, led to deindustrialization in Asia and, by 1880, Britain became the world industrial hub that extended to northwestern Europe. The United States surpassed Britain in 1900, and was the dominant industrial hub in the world until 2000. During 1950 to 2000, the relative, though not absolute, importance of Western Europe diminished, and Japan emerged as a significant industrial hub, while the other new industrial hub, the USSR and Eastern Europe, was short lived. The early twenty-first century, 2000–2017, witnessed a rapid decline of the United States, Western Europe, and Japan as industrial hubs, to be replaced largely by Asia, particularly China. This process of shifting hubs, associated with industrialization in some countries and deindustrialization in other countries in the past, might be associated with premature deindustrialization in yet other countries in the future.

Chapter II. The World Economy

1971 ◽  
Vol 56 ◽  
pp. 22-35
Keyword(s):  
United States ◽  
North America ◽  
World Economy ◽  
Western Europe ◽  
The United States ◽  
Oecd Countries ◽  
Industrial Countries ◽  
Slowing Down ◽  
The World ◽  
Real Growth

Developments in the world economy have on the whole been much as we predicted in February. It is becoming increasingly clear that renewed expansion is under way in the United States at a pace which, even if it falls short of the Administration's hopes, is more than compensating for the slowing down in industrial countries outside North America. This deceleration has become quite marked in Japan as well as Western Europe, but we expect a faster pace to be resumed before the end of the year. We still put real growth in OECD countries at around 4 per cent in 1971, unless there is a prolonged steel strike in the United States. This compares with about 2½ per cent last year, and we expect the rising trend to continue into 1972.

scholarly journals FOREIGN TRADE SPATIAL DYNAMICS AND PROMOTION OF AGRICULTURAL EXPORTS OF THE UNITED STATES OF AMERICA

2021 ◽  
Vol 2 (196) ◽  
pp. 17-25
Author(s):  
V.N. Minat ◽  
Keyword(s):  
United States ◽  
Foreign Trade ◽  
Agricultural Production ◽  
Spatial Dynamics ◽  
The United States ◽  
Agricultural Products ◽  
Agricultural Exports ◽  
Us Economy ◽  
The Us ◽  
The World

As part of the study of agricultural production, as one of the leading export-oriented sectors of the US economy, the dynamics of foreign trade in American agricultural products, which is objectively recognizable in the categorical and economic evolution of spatial patterns, is considered. The latter are considered in the context of the global regional structure of agricultural exports and imports of the United States in 1946–2019 and the features of stimulating the export of American agricultural products in the context of the main regions and countries of the world for the same period of time. Based on the synthesis of historical/evolutionary and spatial approaches, methodologically filled with methods of abstract-logical and statistical-economic analysis of official American statistics, the provisions on geo-economic conjuncture, expansionism and protectionism of US foreign trade in the world/global agricultural market are empirically proved.

scholarly journals Book Review: Pop Culture in Europe

2018 ◽  
Vol 58 (1) ◽  
pp. 65
Author(s):  
Amy F. Fyn
Keyword(s):  
United States ◽  
Twentieth Century ◽  
Western Europe ◽  
Pop Culture ◽  
The United States ◽  
World Series ◽  
The World

What is the history behind the Dr. Who series? Which bands dominated the Britpop sound in the 1990s? Which fashion icons represent uniquely European pop culture in the twentieth century? Pop Culture in Europe, from ABC-CLIO’s Entertainment and Society around the World series, provides reliable content to patrons researching popular trends and entertainments across the pond. The title efficiently introduces residents of the United States to the stars and amusements primarily associated with Western Europe.

scholarly journals Statistical Analysis of the Performance of a Big and Open Economy: The Case of the U.S.

2018 ◽  
pp. 10-17
Author(s):  
O. V. Zhuravliov ◽  
О. М. Simachova
Keyword(s):  
United States ◽  
Open Economy ◽  
Developing Economies ◽  
Negative Impact ◽  
The United States ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Impact

The US economy is one of the richest and most diversified economies in the world and keeps its leadership in the global economy for the past 100 years. The United States is a global leader in computer technology, pharmaceuticals and the manufacture of medical, aerospace and military equipment. And although services make up about 80% of GDP, the US remains the second largest producer of industrial goods in the world and is a leader in research and development. President Donald Trump was elected in November 2016, promising a big gap with his predecessor’s regulatory, tax and trade policies. Therefore, the current socio-economic status of the USA and the possible ways of its development in the future are interesting for studying the impact on other economies, in particular, on the Ukrainian economy and the search for new and optimal ways of developing relations between the United States and Ukraine. Key macroeconomic indicators of the US economy in 2011–2018 are analyzed, demonstrating the influence of Donald Tramp’s new policy on changes in the indicators of the economy, the labor market, trade, etc., as well as possible ways of development in the coming years. The review of key macroeconomic indicators gives grounds for classifying the American economy as healthy one. Rates of GDP growth will remain in the range of 2 to 3%. These rates of growth in the world’s largest economy are callable to ensure a substantial increase in the global activity. But uncertainties in the politics may hinder global growth and have clearly negative impact on the investment growth in developed and developing economies.

Vigilantism in Comparative Perspective

2020 ◽  
Author(s):  
Ray Abrahams
Keyword(s):  
United States ◽  
Comparative Study ◽  
Western Europe ◽  
Good Life ◽  
The United States ◽  
Twilight Zone ◽  
The Good Life ◽  
Resistance Movements ◽  
The World ◽  
Thing In Itself

Vigilantes have arisen at many times in different regions of the world, taking the law into their own hands as defenders, often by force, of their view of the good life against those they see to be its enemies. They have a strong attraction for some commentators and they rouse equally strong hostility in others. For yet others, who attempt to take a broader view, they are a source of deep ambivalence. Academic interest in the phenomenon has grown strongly over recent years, and this has contributed significantly to an increase in knowledge of its distribution beyond the bounds of western Europe, the United States, and particularly in many parts of Africa. Although vigilantes are most commonly male, increased evidence of women’s vigilantism has also come to light in recent years. Vigilantism is difficult to define in rigorous terms, partly because of general problems of comparative study, but there are also special reasons in this case. Vigilantism is not so much a thing in itself as a fundamentally relational phenomenon which only makes sense in relation to the formal institutions of the state. It is in several ways a frontier phenomenon, occupying an awkward borderland between law and illegality. Many of its manifestations are short-lived and unstable, nor is it always what it claims to be. For these reasons, definitions of vigilantism are best treated as an “ideal type,” which real cases may be expected to approximate to or depart from. This approach provides the possibility of comparing different cases of vigilantism and also allows one to explore the differences and similarities between it and other “dwellers in the twilight zone,” such as social bandits, mafias, guerrillas, and resistance movements.

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