World Economic System

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Douglas R White - One of the best experts on this subject based on the ideXlab platform.

  • structure and dynamics of the global economy network analysis of international trade 1965 1980
    Social Forces, 1992
    Co-Authors: David A Smith, Douglas R White
    Abstract:

    Author(s): Smith, DA; White, DR | Abstract: This article reports results from a quantitative network analysis of international commodity trade flows designed to measure the structure of the World Economic System and to identify the roles that particular countries play in the global division of labor. It improves on previous network-analytic studies of the World-economy in two ways. First, by using a newly developed measure of regular equivalence, this operationalization of a nation's roles in the international System is methodologically superior to previous work. Second, we have built a dynamic aspect into the analysis by examining international trade networks at more than one point in time (1965, 1970, and 1980). This allows us to answer questions about change both in the overall structure of the World-economy and in the positions of particular countries in the System. Our findings generally conform to the theoretically expectations of the World-System perspective as well as qualitative descriptions of recent changes in the international division of labor. © 1992 The University of North Carolina Press.

A A Kazakov - One of the best experts on this subject based on the ideXlab platform.

  • analysis of the effect of coronavirus covid 19 on the development of the World Economic System
    International Journal on Integrated Education, 2020
    Co-Authors: N M Makhmudov, Alimova Guzal Alisherovna, A A Kazakov
    Abstract:

    The article provides a comprehensive analysis of the impact of the coronavirus COVID-19 on the global Economic System. In particular, the authors analyze the onset of a pandemic and the characteristics of the new coronavirus. The conclusions about the unpreparedness of the World community for global threats caused by the outbreak of the disease are supported by the World Bank's arguments about the unpreparedness of countries for catastrophic epidemics. The authors combined the main threats identified by the World Bank into a single System. COVID-19 has had a significant impact on global stock markets. With the increase in the number of people infected with coronavirus, the tension among investors also grew. By the end of February this year, a crash occurred in the US stock markets, the authors attribute it to an underestimation of the spread of the virus, and as a result, this led to the breakdown of many trading chains and the lack of certainty and stability. The article also analyzes the impact of coronavirus on the economy of key countries of the World. It also examined the Economic mechanisms used by these countries to mitigate the effects of COVID-19 and support the economy. In conclusion, key conclusions were drawn about the impact and consequences of COVID-19 on national economies and the global System.

Frederick M Abbott - One of the best experts on this subject based on the ideXlab platform.

  • the enduring enigma of trips a challenge for the World Economic System
    Social Science Research Network, 1998
    Co-Authors: Frederick M Abbott
    Abstract:

    This special issue on trade-related aspects of intellectual property rights (TRIPS) is introduced with a perspective that focuses on the urgency of narrowing the gap in living standards between the rich nations and the poor. The 1997/98 World Economic crisis highlights the question of whether creating an international market in intellectual property sufficiently addresses the interests of developing countries in the diffusion and use of knowledge. It is suggested that substantial intervention by international institutions with interests in promoting development is also required. The role of IPRs in Economic development is analyzed, and this contribution points to a few areas in which consensus among international IPRs specialists is emerging. Among these is that the role of IPRs is context-sensitive, depending on the particular characteristics of countries in which IPRs Systems are introduced, and depending on the specific industries in which these IPRs are employed. This context-sensitive role argues for flexible implementation of the TRIPS Agreement in developing and newly industrializing countries. In WTO implementation of the TRIPS Agreement (including a review of national laws and dispute settlement) and in forthcoming WTO TRIPS negotiations (in areas such as biotechnology and genetics, the digital environment and electronic commerce, exhaustion of rights, non-violation causes of actions, competition and investment), the specific interests of the developing countries must be given a priority. Just as developed countries have traditionally balanced the IPRs interests of producers, consumers, and the science and research communities, so also must the WTO balance respective global interests in technology and creativity. The author urges a more extensive role for institutions such as the World Bank in technology capacity-building.

Andre Gunder Frank - One of the best experts on this subject based on the ideXlab platform.

David Vines - One of the best experts on this subject based on the ideXlab platform.

  • the leaderless economy why the World Economic System fell apart and how to fix it
    2013
    Co-Authors: Peter Temin, David Vines
    Abstract:

    Preface ix ONE The World Economy Is Broken 1 TWO The British Century and the Great Depression 21 THREE Keynes from the Macmillan Committee to Bretton Woods 59 FOUR The American Century and the Global Financial Crisis 107 FIVE Restoring International Balance in Europe 151 SIX Restoring International Balance in the World 205 SEVEN Using Theory to Learn from History 243 Appendix 257 Notes 275 References

  • the leaderless economy why the World Economic System fell apart and how to fix it
    Economics Books, 2013
    Co-Authors: Peter Temin, David Vines
    Abstract:

    The Leaderless Economy reveals why international financial cooperation is the only solution to today's global Economic crisis. In this timely and important book, Peter Temin and David Vines argue that our current predicament is a catastrophe rivaled only by the Great Depression. Taking an in-depth look at the history of both, they explain what went wrong and why, and demonstrate why international leadership is needed to restore prosperity and prevent future crises. Temin and Vines argue that the financial collapse of the 1930s was an "end-of-regime crisis" in which the Economic leader of the nineteenth century, Great Britain, found itself unable to stem international panic as countries abandoned the gold standard. They trace how John Maynard Keynes struggled for years to identify the causes of the Great Depression, and draw valuable lessons from his intellectual journey. Today we are in the midst of a similar crisis, one in which the regime that led the World economy in the twentieth century--that of the United States--is ending. Temin and Vines show how America emerged from World War II as an Economic and military powerhouse, but how deregulation and a lax attitude toward international monetary flows left the nation incapable of reining in an overleveraged financial sector and powerless to contain the 2008 financial panic. Fixed exchange rates in Europe and Asia have exacerbated the problem. The Leaderless Economy provides a blueprint for how renewed international leadership can bring today's industrial nations back into financial balance--domestically and between each other.