Multi-Polar Capitalism

Multi-Polar Capitalism PDF Author: Robert Guttmann
Publisher: Springer Nature
ISBN: 3030882470
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
History teaches us important lessons, provided we can discern its patterns. Multi-Polar Capitalism applies this insight to the crucial, yet often underappreciated issue of international monetary relations. When international monetary systems get first put into place successfully, such as the “classic” gold standard in 1879, Bretton Woods in 1945, or the dollar standard in 1982, they structure relations between the system’s centre and the rest of the world so that others can catch up to the leader. But this growth-promoting constellation, a vector for accelerating globalization, runs its course eventually amidst mounting overproduction conditions in key sectors and spreading financial instability. Such periods of global crisis, from the Great Depression of the 1930s to stagflation in the 1970s and creeping deflation during much of the 2010s, force restructuring and policy reforms until conditions are ripe for a renewed phase of sustained expansion. We are facing such a turning point now. As we are moving from a US-dominated world economy towards a multi-polar configuration, we will also see the longstanding dollar standard give way to a multi-currency system. Three currency blocs rooted in the dollar, euro, and yuan will be dominated respectively by the United States, the European Union, and China, each a power centre representing a distinct variant of capitalism. Their complex mix of competition and cooperation necessitates new “rules of the game” promoting the shared pursuit of global public goods, in particular the impending zero-carbon transition, lest we allow fragmentation and conflict shape this next chapter of our history. Multi-Polar Capitalism adds to a century of research and debate on long waves, those roughly half-century cycles first identified by the great Soviet economist Nikolai Kondratiev in the early 1920s, by highlighting the role of the international monetary system in this distinct boom-and-bust pattern.

Multi-Polar Capitalism

Multi-Polar Capitalism PDF Author: Robert Guttmann
Publisher: Springer Nature
ISBN: 3030882470
Category : Business & Economics
Languages : en
Pages : 322

Get Book Here

Book Description
History teaches us important lessons, provided we can discern its patterns. Multi-Polar Capitalism applies this insight to the crucial, yet often underappreciated issue of international monetary relations. When international monetary systems get first put into place successfully, such as the “classic” gold standard in 1879, Bretton Woods in 1945, or the dollar standard in 1982, they structure relations between the system’s centre and the rest of the world so that others can catch up to the leader. But this growth-promoting constellation, a vector for accelerating globalization, runs its course eventually amidst mounting overproduction conditions in key sectors and spreading financial instability. Such periods of global crisis, from the Great Depression of the 1930s to stagflation in the 1970s and creeping deflation during much of the 2010s, force restructuring and policy reforms until conditions are ripe for a renewed phase of sustained expansion. We are facing such a turning point now. As we are moving from a US-dominated world economy towards a multi-polar configuration, we will also see the longstanding dollar standard give way to a multi-currency system. Three currency blocs rooted in the dollar, euro, and yuan will be dominated respectively by the United States, the European Union, and China, each a power centre representing a distinct variant of capitalism. Their complex mix of competition and cooperation necessitates new “rules of the game” promoting the shared pursuit of global public goods, in particular the impending zero-carbon transition, lest we allow fragmentation and conflict shape this next chapter of our history. Multi-Polar Capitalism adds to a century of research and debate on long waves, those roughly half-century cycles first identified by the great Soviet economist Nikolai Kondratiev in the early 1920s, by highlighting the role of the international monetary system in this distinct boom-and-bust pattern.

Geopolitical Economy

Geopolitical Economy PDF Author: Radhika Desai
Publisher: Pluto Press
ISBN: 9780745329925
Category : Political Science
Languages : en
Pages : 240

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Book Description
Geopolitical Economy radically reinterprets the historical evolution of the world order, as a multi-polar world emerges from the dust of the financial and economic crisis. Radhika Desai offers a radical critique of the theories of US hegemony, globalisation and empire which dominate academic international political economy and international relations, revealing their ideological origins in successive failed US attempts at world dominance through the dollar. Desai revitalizes revolutionary intellectual traditions which combine class and national perspectives on 'the relations of producing nations'. At a time of global upheavals and profound shifts in the distribution of world power, Geopolitical Economy forges a vivid and compelling account of the historical processes which are shaping the contemporary international order.

Multipolar Globalization

Multipolar Globalization PDF Author: Jan Nederveen Pieterse
Publisher: Routledge
ISBN: 1315312832
Category : Political Science
Languages : en
Pages : 283

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Book Description
Like a giant oil tanker, the world is slowly turning. The rapid growth of economies in Asia and the global South has led to a momentous shift in the world order, leaving much of the traditional literature on globalization behind. Multipolar Globalization: Emerging Economies and Development is the perfect guide to these ongoing 21st-century transformations, combining engaging and wide-ranging coverage with cutting-edge analysis. The rise of China and other emerging economies has led to the emergence of a new geography of trade, new economic and political combinations, new financial actors, investors and donors, and weaker American hegemony. This interdisciplinary volume combines development studies, global political economy, sociology, and cultural studies to ask what this growth means for domestic and global inequality and examines the role of multipolarity in the reshaping of globalization. Renowned globalization scholar Jan Nederveen Pieterse deftly guides the reader through the development of globalization in the West and the East, explaining key topics such as the 2008 crash, trends in inequality, the changing fortunes of the BRICs, and the role of governance and democracy. Accessible and insightful, this book will be an essential guide for both students in the social sciences and for professionals and scholars seeking a fresh perspective.

Globalization and Capitalist Geopolitics

Globalization and Capitalist Geopolitics PDF Author: Daniel Woodley
Publisher: Routledge
ISBN: 1317755723
Category : Political Science
Languages : en
Pages : 291

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Book Description
Globalization and Capitalist Geopolitics is concerned with the nature of corporate power against the backdrop of the decline of the West and the struggle by non-western states to challenge and overcome domination of the rest of the world by the West. This book argues that although the US continues to preside over a quasi-imperial system of power based on global military preponderance and financial statecraft, and remains reluctant to recognize the realities global economic convergence, the age of imperial state hegemony is giving way to a new international order characterized by capitalist sovereignty and competition between regional and transnational concentrations of economic power. This title seeks to interrogate the structure of world order by examining leading approaches to globalization and political economy in international relations and international political economy. Breaking with the classical school, Woodley argues that geopolitics should be understood as a transnational strategic practice employed by powerful state actors, which mirrors predatory corporate rivalry for control over global resources and markets, reproducing the structural conditions for corporate power through the transnational state form of capital. In a period of increasing geopolitical insecurity and economic instability this title provides an authoritative yet accessible commentary on debates on capitalism and globalization in the wake of the financial crisis. It is valuable resource for students and scholars seeking to develop a deeper understanding of the historical determinants of the changing dynamics of neoliberal capitalism and their implications for world order.

Does Capitalism Have a Future?

Does Capitalism Have a Future? PDF Author: Immanuel Maurice Wallerstein
Publisher: Oxford University Press
ISBN: 0199330859
Category : Business & Economics
Languages : en
Pages : 199

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Book Description
In Does Capitalism Have a Future?, the prominent theorist Georgi Derleugian has gathered together a quintet of eminent macrosociologists to assess whether the capitalist system can survive.

Globalization in the 21st Century

Globalization in the 21st Century PDF Author: B. Berberoglu
Publisher: Springer
ISBN: 0230106390
Category : Social Science
Languages : en
Pages : 245

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Book Description
This book examines the development and transformation of global capitalism in the late 20th and early 21st century. It analyzes the dynamics and contradictions of the global political economy through a comparative-historical approach based on class analysis. After providing a critical overview of neoliberal capitalist globalization over the past three decades, the book examines the emergence of new forces on the global scene and discusses the prospects of change in the global economy in a multi-polar direction in the decades ahead. The book concludes by focusing on the mass movements that are playing a central role in bringing about the transformation of global capitalism.

Time and Social Theory

Time and Social Theory PDF Author: Barbara Adam
Publisher: John Wiley & Sons
ISBN: 0745669395
Category : Social Science
Languages : en
Pages : 346

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Book Description
Time is at the forefront of contemporary scholarly inquiry across the natural sciences and the humanities. Yet the social sciences have remained substantially isolated from time-related concerns. This book argues that time should be a key part of social theory and focuses concern upon issues which have emerged as central to an understanding of today's social world. Through her analysis of time Barbara Adam shows that our contemporary social theories are firmly embedded in Newtonian science and classical dualistic philosophy. She exposes these classical frameworks of thought as inadequate to the task of conceptualizing our contemporary world of standardized time, computers, nuclear power and global telecommunications.

Imperialism After the Neoliberal Turn

Imperialism After the Neoliberal Turn PDF Author: Efe Can Gürcan
Publisher:
ISBN: 9781032156668
Category : Armed Forces
Languages : en
Pages :

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Book Description
Imperialism: a literature review -- Economic imperialism in the neoliberal era -- Imperialism and the transformation of the military-industrial complex under -- neoliberalism -- Cultural imperialism and the media-industrial complex -- Cultural imperialism and the nonprofit-corporate complex -- The subimperialism thesis and the BRICS -- Extractivism and the Latin American Left: the limits of anti-imperialist discourses -- "Post-Hegemonic multipolarity" in Eurasia: whither the imperialist system?

Global Security in a Multipolar World

Global Security in a Multipolar World PDF Author: Feng Zhongping
Publisher:
ISBN:
Category : Peace-building
Languages : en
Pages : 140

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Book Description


International Economic Governance in a Multipolar World

International Economic Governance in a Multipolar World PDF Author: Radhika Desai
Publisher: Routledge
ISBN: 9781032227061
Category : Law
Languages : en
Pages : 0

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Book Description
This book covers key aspects of the governance of the world economy, from the structures of capitalism to regional economic integration through the trading and production systems. International economic governance was already in crisis well before the pandemic, and talk of the crisis of multilateralism and of the postwar Bretton Woods arrangements had become commonplace. The pandemic, with its economic, political, and international reverberations, has only widened and deepened that crisis, which has now taken the form of a new cold war on China, and made the search for solutions more urgent. In this context, the chapters in this volume contribute to a deeper understanding of how international economic governance and the world economy have been changing over the long run, and provide insights into the new forms they are taking at the macro and micro levels. The book covers the crisis of capitalism revealed by the pandemic, particularly when contrasted with socialist countries, initiatives of regional economic integration that challenge, rather than being subordinated by, western powers, including the US, the evolution of the trade regime in ways that make contemporary trade wars intelligible, and the shakeup of the international production system. The chapters in this book were originally published as a special issue of The Japanese Political Economy.