Developing Countries and the World Economic Order

2013 ◽  
Keyword(s):  
Developing Countries ◽  
Economic Order ◽  
The World ◽  
World Economic ◽  
World Economic Order

Arrighi’s Theory of systemic cycles of capital accumulation as a mechanism of cyclical development of the Global Economy

2021 ◽  
pp. 966-981
Author(s):  
Sergey Gennadyevich Kapkanshchikov
Keyword(s):  
Capital Accumulation ◽  
World Economy ◽  
Global Analysis ◽  
Methodological Approach ◽  
The United States ◽  
State Regulation ◽  
Economic Order ◽  
The World ◽  
World Economic ◽  
World Economic Order

The article uses the methodology of systemic global analysis and the theory of systemic cycles of capital accumulation to argue that we are now at a turning point of the modern era in connection with the unfolding change in the dominant world economic order. Based on the methodological approach, within the framework of which there is a hegemonic country and the rest of the world, the forecast regarding the forthcoming multipolarity of the world economy is rejected. Various stages of capital and financial expansion with their inherent, respectively, dirigistic and liberal models of state regulation of the economy are compared to each other. A chronological overview of the Spanish-Genoese, Dutch, British, American and Asian accumulation cycles is presented. The patterns of their change in the course of the formation of new technological structures are revealed. The place of Russia in the process of natural evolution of world economic structures is also identified. The objective and subjective reasons for the longterm hegemony of the United States, as well as factors of the upcoming completion of the American cycle of capital accumulation in the foreseeable future, are revealed. The author outlines the tactics employed by the American authorities to counteract the objective hegemonic cycles. The reasons for the movement of the center of the world economy to the East Asian region are revealed, with the justification of the need for a natural inclusion of Russia in the functioning of the Asian world economic order.

The World Economic Order: Past and Prospects.

1981 ◽  
Vol 91 (364) ◽  
pp. 1061 ◽  
Author(s):  
Helen Hughes ◽  
Sven Grassman ◽  
Erik Lundberg
Keyword(s):  
Economic Order ◽  
The World ◽  
World Economic ◽  
World Economic Order

Key Elements of the New International Economic Order

2018 ◽  
Keyword(s):  
International Economic ◽  
Developing Countries ◽  
Central Bank ◽  
Market Access ◽  
International Economic Order ◽  
Economic Order ◽  
New Order ◽  
Goods And Services ◽  
World Economic ◽  
World Economic Order

In the chapter, Mahbub ul Haq spells out his ideas for the key elements in the new international economic order. He points towards creation of key institutions that need to be created for bringing about the new order—a single world development authority to ensure global equality of opportunity; an international central bank, for creation and regulation of international currency; an international trade organization to ensure greater market access for developing countries, for more control over trading infrastructure and for free movement of labour and other goods and services; and a world food authority to ensure that food is available to all. To him the creation of an international central bank, which allows developing countries to control some of the sources of finance, was crucial for the restructuring of the world economic order.

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