scholarly journals Can Global Capitalism Endure?

2021 ◽  
Vol 1 (1) ◽  
pp. 13-41
Author(s):  
William I. Robinson
Keyword(s):  
Global Economy ◽  
Global Scale ◽  
Policy Coordination ◽  
Global Capitalism ◽  
First Century ◽  
Financial Conglomerates ◽  
System A ◽  
Long Run ◽  
El Sistema ◽  
The Face

El período comprendido entre 2008 y la tercera década del siglo XXI se caracteriza por una crisis prolongada para el capitalismo global, tanto estructural como política, que se ha visto agravada por la pandemia del coronavirus. La era de la globaliza-ción ha supuesto una transformación radical en curso en las modalidades de producción y apropiación de plusvalía. Existe una imparable concentración y centralización extrema del capital a escala global en los conglomerados financieros que a su vez actúan para en-trelazar toda la masa del capital global. Ahora el sistema está experimentando una nueva ronda de reestructuración y transformación basada en una digitalización mucho más avanzada de toda la economía y la sociedad global. Los agentes del capitalismo global están intentando adquirir para el sistema una nueva oportunidad de reproduccióna través de esta reestructuración digital y mediante la reforma que algunos entre la élite global están defendiendo frente a las presiones masivas desde abajo. Másallá de la coordinación de políticas transnacionales entre estados, el poder estructural que la clase capitalista transnacional puede ejercer desde arriba sobre aquellos socavará la reforma a menos que haya una contramovilización masiva del poder desde abajo. Si alguna reforma reguladora o redistributiva llega a concretarse, la reestructuración puede, dependiendo de la correlaciónde fuerzas sociales y de clase, desencadenar una nueva ronda de expansión productiva que atenúe la crisis. Sin embargo, a largo plazo, sin una reforma más profunda que la que se vislumbra actualmente en el horizonte, es díficil observar cómo el capitalismo global podría continuar reproduciéndose. The period from 2008 into the third decade of the twenty-first century has been one long protracted crisis for global capitalism, as much structural as political, that has been aggravated by the coronavirus pandemic. The era of globalization has involved an ongoing radical transformation in the modalities of producing and appropriating surplus value. There is an extreme and still increasing concentration and centralization of capital on a global scale in the financial conglomerates that in turn act to interlock the entire mass of global capital. Now the system is undergoing a new round of restructuring and transformation based on a much more advanced digitalization of the entire global economy and society. The agents of global capitalism are attempting to purchase for the system a new lease on life through this digital restructuring and through reform that some among the global elite are advocating in the face of mass pressures from below. Beyond transnational policy coordination among states, the structural power that the transnational capitalist class is able to exercise from above over states will undermine reform unless there is a mass counter-mobilization of power from below. If some regulatory or redistributive reform actually comes to pass, restructuring may, depending on the play of social and class forces, unleash a new round of productive expansion that attenuates the crisis. In the long run, however, it is difficult to see how global capitalism can continue to reproduce itself without a much more profound overhaul than is currently on the horizon, if not the outright overthrow of the system.

Trafficking

2018 ◽  
pp. 344-358
Author(s):  
Paul Amar
Keyword(s):  
Human Trafficking ◽  
Sex Trafficking ◽  
Global Scale ◽  
Global Capitalism ◽  
First Century ◽  
Global Studies ◽  
Global History ◽  
Early Nineteenth Century ◽  
Political Economic ◽  
Forms Of Violence

This chapter offers a global history, as well as cultural, legal, and political–economic analysis, of “trafficking,” a set of relationships and processes often constituted as the dark mirror of globalization. First, the chapter traces how the term “trafficking” emerged. Second, it examines the evolution of “trafficking” in the context of “drug wars,” from the imperial Opium Wars in China in the early nineteenth century to the twenty-first-century “narco” battlegrounds of Mexico. Third, it surveys how global studies-related research has developed critical lenses for analyzing the politics of “sex trafficking” and “human trafficking.” Finally, it examines the term “trafficker” as selectively deployed along racial and social lines in ways that produce obscuring pseudo-analyses of the violence of global capitalism that preserve the impunity of certain powerful actors, create monstrous misrepresentations of globalizing forms of violence, and stir moral and racial panics on a global scale.

scholarly journals La Educación en Colombia: Arquetipo de Correspondencia con la Economía Global y de Mercado / Education in Colombia: Archetype Correspondence with the Global Economy and Market

2015 ◽  
Vol 6 (1) ◽  
pp. 161
Author(s):  
Luis Manuel Marrugo Fruto
Keyword(s):  
Labor Market ◽  
Educational System ◽  
Global Economy ◽  
Supply And Demand ◽  
First Century ◽  
Late Nineteenth Century ◽  
Early Twenty ◽  
El Sistema ◽  
Siglo Xix ◽  
The Individual

Se busca dilucidar los principales hitos históricos de la educación colombiana en relación con las políticas de la economía global y de mercado, entre finales del siglo XIX e inicios del siglo XXI. Se mostrarán limitaciones y problemáticas heredadas por el sistema educativo en su propósito de funcionar como empresa, bajo las leyes de oferta y demanda, es decir, un sistema educativo con la convicción de formar un perfil de individuo y de sociedad como mano de obra, dócil, obediente y con competencias de calidad para el mercado laboral de lossistema – mundo postmodernos, en desmedro de una educación humanizada.Metodológicamente es producto de una revisión de tema. Como principal resultado se muestra la tendencia desde los inicios de la educación colombiana a corresponderse con el mercado laboral. Abstract.It seeks to elucidate the main historical landmarks of Colombian education in relation to the policies of the global economy and market, between the late nineteenth century and early twenty-first century.  Limitations and problems inherited by the educational system in order to operate as a company under the laws of supply and demand, a docile educational system with the conviction of forming a profile of the individual and society as labor, are displayed obediently and quality skills for the labor market system - postmodern world, at the expenses of a humanized education. Methodologically is the result of a review of subject. The main result shows the trend since the beginning of Colombian education to match the labor market.

Industrialization

2012 ◽  
Author(s):  
Patrick Karl O'Brien
Keyword(s):  
International Relations ◽  
Global Scale ◽  
Economic Transformation ◽  
First Century ◽  
Future Trends ◽  
Rapid Rise ◽  
Global Context ◽  
Long Run ◽  
The Many ◽  
National Economies

Industrialization refers to an economic transformation that is recent and different in scale and scope from the mere making of artifacts and has involved the rapid rise in the significance of manufacturing in relation to all other forms of production and work undertaken within national economies. This article discusses the many facets of industrialization: industrialization as a historical process; the present tendencies and future trends in global diffusion; inter-sectoral connections; international relations and the global context; and industrialization on a global scale over the very long run. In the twenty-first century success seems to require new and different political and social capabilities that are already shifting the concentrations of industrial activity away from Europe and North America and back to Asia.

scholarly journals Penyalahgunaan Keadaan Dalam Prosedur Permohonan Pailit Di Pengadilan Niaga

SASI ◽  
2018 ◽  
Vol 24 (1) ◽  
pp. 11
Author(s):  
Ronald Saija
Keyword(s):  
Global Economy ◽  
Government Regulation ◽  
Legal Regulation ◽  
Global Scale ◽  
Bankruptcy Law ◽  
Accounts Receivable ◽  
Business People ◽  
Accounts Payable ◽  
The Face ◽  
The Republic

In line with the rapidly growing trade trajectory, increasing and on an increasingly widespread and global scale, where corporate debt problem is getting complicated and requires effective legal regulation. The development of the global economy today requires the rule of bankruptcy law that is able to meet the legal needs of business people in the settlement of their accounts receivable. The monetary turmoil that occurred in mid-July 1997, resulted in a very wide impact on business development in Indonesia. In the face of this kind of thing, it is of course deemed necessary to take remedial measures, especially legal certainty in order to balance the interests of the company or the interest between creditors and debtors who go bankrupt. One of the legal means underlying the settlement of accounts payable is the regulations concerning the procedure of bankruptcy petition in the Commercial Court, as stipulated in Government Regulation in Lieu of Law No. 1 of 1998 on Amendment to the Law on Bankruptcy (Faillissement Verordening), which subsequently stipulated as Law No. 4 of 1998 on Bankruptcy, then underwent changes and improvements to Law of the Republic of Indonesia Number 37 Year 2004 concerning Bankruptcy and Suspension of Payment Obligation (PKPU). However, this law is felt to be less effective and less tested, due to the abuse of circumstances of interest, the factor of rights and power status factors in the current Bankruptcy application in the Commercial Court.

The future of globalisation: neo-fascism or the Green New Deal

Race & Class ◽  
2019 ◽  
Vol 61 (1) ◽  
pp. 3-25 ◽  
Author(s):  
Jerry Harris
Keyword(s):  
New Deal ◽  
Regulatory System ◽  
Global Capitalism ◽  
First Century ◽  
Environmental Crisis ◽  
Ruling Class ◽  
Environmental Disaster ◽  
Public And Private ◽  
System A ◽  
Green Capitalism

Global capitalism is visibly showing up unacceptable inequalities and social contradictions. Three camps have emerged in the ruling class in response to over-accumulation, poverty, middle-class stagnation and environmental crisis: inclusive capitalism; militarised accumulation; the Green New Deal. All fractions adhere to neoliberal principles. Inclusive capitalism – neoliberalism with a nod to Keynesianism – means continued stagnation since it avoids the need for a social-democratic regulatory system. A turn to authoritarianism – the police state of twenty-first century neo-fascism, according to theorist William I. Robinson – is unlikely, though militarised accumulation is now an essential outlet for capital. Green capitalism, in which China is now the leading global investor, particularly with transnational public and private partners, neither breaks with neoliberalism, nor can potentially reverse environmental disaster. That would take social movements defining a Green New Deal for a sustainable capitalism to be an effective hegemonic bloc.

scholarly journals In Spaces of Marginalization: Dispossession, Incorporation, and Resistance in Bolivia

2013 ◽  
pp. 108-129 ◽  
Author(s):  
Brent Z. Kaup
Keyword(s):  
Global Economy ◽  
Global Capitalism ◽  
First Century ◽  
Primitive Accumulation ◽  
Economic Sectors ◽  
Ongoing Process ◽  
Recent Scholarship ◽  
Spaces Of Resistance ◽  
Twenty First Century

Recent scholarship conceptualizing primitive accumulation as an ongoing process in global capitalism has noted the difficulties faced in bringing struggles against exploitation and dispossession together. While some scholars suggest that an 'organic link" exists between these conflicts. they have yet to clearly specify the conditions and mechanisms through which such a link can form. Examining cases in Bolivia at the turn of the twenty-first century. I argue that struggles against exploitation and dispossession do not merely converge when facing a common oppressor. but also as the changing forms and geographies of exploitation and dispossession bring people together in more proximate locations. I illustrate that the changing means through which Bolivia was incorporated into the global economy enhanced levels of marginalization and subsequently resulted in patterns of migration that led to a convergence of peasant and proletarian struggles. As both segments of Bolivian society were excluded from the country's major economic sectors. they migrated to the places where they thought they could best satisfy their livelihood needs. But as people continually struggled to meet these needs, these places became spaces of marginalization, and eventually, spaces of resistance.

Saving and Investment in the Twenty-First Century: The Great Divergence – some comments from a post-Keynesian perspective*

2021 ◽  
Vol 18 (3) ◽  
pp. 293-302
Author(s):  
Eckhard Hein
Keyword(s):  
Economic Policy ◽  
Full Employment ◽  
National Income ◽  
Private Investment ◽  
Policy Coordination ◽  
First Century ◽  
Government Deficits ◽  
Long Run ◽  
Great Divergence ◽  
Twenty First Century

This contribution discusses the book Saving and Investment in the Twenty-First Century: The Great Divergence by von Weizsäcker/Krämer (2021). It touches upon the underlying theoretical perspectives, von Weizsäcker’s neo-Austrian view and Krämer’s short-run Keynesian theory, and it proposes an alternative based on post-Keynesian distribution and growth theory. It also reviews the economic policy proposals of the book with respect to government deficits and debt, as well as international coordination of current-account balances, and finds broad agreement with modern post-Keynesian proposals, with some deviation when it comes to macroeconomic policy coordination among monetary, fiscal and wage/incomes policies. It concludes that these economic policy agreements should not be taken as a surprise. The requirements of stabilising government deficits and debt, in the face of an excess of private saving over private investment at full employment, and an excess of the private desire to hold net financial assets over the private-sector supply of financial liabilities, are based on solid national income and financial accounting. They are thus compatible with different macroeconomic theories regarding long-run equilibrium and adjustments towards it.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

Jazz Bubble

2018 ◽  
Author(s):  
Dale Chapman
Keyword(s):  
New York ◽  
Political Economy ◽  
Social Practice ◽  
Global Economy ◽  
First Century ◽  
Music Culture ◽  
Social Trends ◽  
Governmental Organizations ◽  
Early Twenty ◽  
A Site

Hailed by corporate, philanthropic, and governmental organizations as a metaphor for democratic interaction and business dynamics, contemporary jazz culture has a story to tell about the relationship between political economy and social practice in the era of neoliberal capitalism. The Jazz Bubble approaches the emergence of the neoclassical jazz aesthetic since the 1980s as a powerful, if unexpected, point of departure for a wide-ranging investigation of important social trends during this period. The emergence of financialization as a key dimension of the global economy shapes a variety of aspects of contemporary jazz culture, and jazz culture comments upon this dimension in turn. During the stateside return of Dexter Gordon in the mid-1970s, the cultural turmoil of the New York fiscal crisis served as a crucial backdrop to understanding the resonance of Gordon’s appearances in the city. The financial markets directly inform the structural upheaval that major label jazz subsidiaries must navigate in the music industry of the early twenty-first century, and they inform the disruptive impact of urban redevelopment in communities that have relied upon jazz as a site of economic vibrancy. In examining these issues, The Jazz Bubble seeks to intensify conversations surrounding music, culture, and political economy.

The Many Faces of Socioeconomic Change

2017 ◽  
Author(s):  
John Toye
Keyword(s):  
Socioeconomic Development ◽  
Adam Smith ◽  
First Century ◽  
Social Progress ◽  
Long Time ◽  
The Face ◽  
Scientific Expertise ◽  
The Many ◽  
Century Development

This book provides a survey of different ways in which economic sociocultural and political aspects of human progress have been studied since the time of Adam Smith. Inevitably, over such a long time span, it has been necessary to concentrate on highlighting the most significant contributions, rather than attempting an exhaustive treatment. The aim has been to bring into focus an outline of the main long-term changes in the way that socioeconomic development has been envisaged. The argument presented is that the idea of socioeconomic development emerged with the creation of grand evolutionary sequences of social progress that were the products of Enlightenment and mid-Victorian thinkers. By the middle of the twentieth century, when interest in the accelerating development gave the topic a new impetus, its scope narrowed to a set of economically based strategies. After 1960, however, faith in such strategies began to wane, in the face of indifferent results and general faltering of confidence in economists’ boasts of scientific expertise. In the twenty-first century, development research is being pursued using a research method that generates disconnected results. As a result, it seems unlikely that any grand narrative will be created in the future and that neo-liberalism will be the last of this particular kind of socioeconomic theory.

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