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Developing Countries as New Growth Poles of Post-Crisis Global Economy

Author : Elena Popkova
Publisher :
Page : 12 pages
File Size : 14,7 MB
Release : 2016
Category :
ISBN :

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This article is devoted to the search for a solution to overcoming the consequences of the global financial and economic crisis and the development of a post-crisis global economy. The purpose of this article is to determine perspectives and directions for the development of new growth poles in a post-crisis global economy and to develop tools for overcoming the consequences of the crisis and facilitating the global economic system entry into a new level of economic growth. The article uses the proprietary methodology for the calculation of “underdevelopment whirlpools,” which analyzes the dynamics of economic growth of the most prominent countries in this group and their ability to overcome “underdevelopment whirlpools” and transform into new growth poles for the global economy following the global financial crisis. The use of calculation tools for “underdevelopment whirlpools” determines the prospective of developing countries' transformation into new growth poles in a post-crisis global economy. China, Japan, Brazil, Russia, and India are such poles at present, and they will strengthen their positions in the near future. For this, the research offers the following perspective and directions for the development of new growth poles in a post-crisis global economy for the increase in rates and quality (stability and sustainability) of economic growth: an emphasis on the real sector development of the economy, realization of transnational cluster initiatives, and active creation and implementation of innovations into production. As tools for overcoming the consequences of the crisis and the global economic system entering a new level of economic growth, the author developed the mechanism of post-crisis global economy development.

The Post-Crisis Developmental State

Author : Tamás Gerőcs
Publisher : Springer Nature
Page : 337 pages
File Size : 49,19 MB
Release : 2021-05-14
Category : Political Science
ISBN : 3030719871

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The focus of this volume is on the role of the developmental state in a situation in which a series of major crises affects the (semi-) periphery of the global economy. The authors go beyond the established debate on developmental states in East Asia by highlighting a much broader understanding of development and a very different global economic context. They also further the existing debate by covering new country cases. At the same time, they deepen our perspective on developmental states by looking at unusual sectors such as green industrial policy, education and farming.

The Great Recession and Developing Countries

Author : Mustapha K. Nabli
Publisher : World Bank Publications
Page : 666 pages
File Size : 27,57 MB
Release : 2010-12-03
Category : Business & Economics
ISBN : 0821385143

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The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.

The Global South after the Crisis

Author : Hasan Cömert
Publisher : Edward Elgar Publishing
Page : 277 pages
File Size : 27,24 MB
Release : 2016-07-27
Category : Business & Economics
ISBN : 1783474319

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This volume is split into two accessible sections. The first part concentrates on the impact of the crisis on growth, inequality, policy responses and policy shifts in key areas such as central banking. The second part comprises individual country case studies and includes an exploration of the vulnerabilities related to the integration of developing economies into the world economy. The effect of the crisis on trade, and the ways in which some developing countries have entered into a prolonged period of stagnant growth following the global crisis are all considered.

The Post-Crisis Developmental State

Author : Tamás Gerőcs
Publisher :
Page : 0 pages
File Size : 10,1 MB
Release : 2021
Category :
ISBN : 9783030719883

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This book assembles some of the most exciting contributions to the field of comparative capitalism studies. The book is a must-read for all scholars that strive to be up-to date in the debate on the developmental state. --Andreas Nolke is Professor of Political Science at the Goethe University, Frankfurt, Germany This volume extends the earlier "developmental state" literature into the present, and the earlier world-system concept of the semi-periphery into present-day debates about institutions, path dependency, middle-income trap, and authoritarianism. Written from the perspective of the Global East and South, it reads like a breath of fresh air for those of us schooled in the Western narrative of development and modernization. --Robert H. Wade is Professor of Political Economy and Development at the LSE, UK The focus of this volume is on the role of the developmental state in a situation in which a series of major crises affects the (semi-) periphery of the global economy. The authors go beyond the established debate on developmental states in East Asia by highlighting a much broader understanding of development and a very different global economic context. They also further the existing debate by covering new country cases. At the same time, they deepen our perspective on developmental states by looking at unusual sectors such as green industrial policy, education and farming. Gerőcs, Tamás is a Research Fellow at the Centre for Economic and Regional Studies, Institute of World Economics and SUNY Binghamton, United States. Ricz, Judit is a Research Fellow at the Centre for Economic and Regional Studies, Institute of World Economics and Associate Professor at the Department of World Economy, Corvinus University of Budapest, Hungary.

South-South Globalization

Author : S. Mansoob Murshed
Publisher : Routledge
Page : 385 pages
File Size : 25,12 MB
Release : 2011-06-16
Category : Business & Economics
ISBN : 1136707719

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Two prominent features of the current global economy are the world-wide recession brought about by the recent financial crisis, and the emergence of major economic powers from within the developing world such as Brazil, China and India. The former represents the failure of global regulatory policies and macroeconomic imbalances between surplus and deficit countries; the latter is symptomatic of a partial shift in economic power towards developing nations, who are often collectively labelled the global South. The macroeconomic imbalances are unsustainable in the longer run as they mean greater absorption relative to income in deficit nations; they require corrective action and international policy coordination. Reducing imbalances also requires large developing countries to raise their domestic consumption and also imports from the rest of the world and international financial institutions to operate as a lender of last resort. Furthermore, the engines of global growth, especially for developing countries, may no longer lie solely in the traditional developed country markets in the USA, Europe and Japan, known collectively as the global North. Rather South-South trade is growing rapidly, and that could be an engine of growth for the global economy, including both developed and developing countries. The various chapters in this edited volume address issues surrounding global imbalances and the prospects for growth in developing countries propelled by South-South interaction. This book should be of interest to students and researchers focussing on political economics, international economics, globalization, global imbalance and the world-wide recession after 2008.

Global Waves of Debt

Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 403 pages
File Size : 23,28 MB
Release : 2021-03-03
Category : Business & Economics
ISBN : 1464815453

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The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Global Value Chains in a Postcrisis World

Author : Olivier Cattaneo
Publisher : World Bank Publications
Page : 420 pages
File Size : 44,66 MB
Release : 2010
Category : Business & Economics
ISBN : 0821384996

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The book looks to address the following questions in a post-crisis world: How have lead firms responded to the crisis? Have they changed their traditional supply chain strategy and relocated and/or outsourced part of their production? How will those changes affect developing countries? What should be the policy responses to these changes?

States, Markets, and Just Growth

Author : Atul Kohli
Publisher : Brookings Institution Press
Page : 316 pages
File Size : 41,89 MB
Release : 2003
Category : Business & Economics
ISBN :

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This publication considers common concerns of developing countries in the search for sustainable development and growth such as globalisation, democracy, poverty and inequality, while also emphasising special regional needs. It contains a number of papers which discuss four key shared concerns: to what extent should states intervene in the market in order to promote growth; how much emphasis should development strategies put on deliberate redistribution and/or poverty alleviation; the impact of globalisation on developing countries in choosing their development paths; and whether democracies are able to reconcile economic growth with distribution.

Global Development and Poverty Reduction

Author : John-ren Chen
Publisher : Edward Elgar Publishing
Page : 360 pages
File Size : 30,17 MB
Release : 2005
Category : Economic assistance
ISBN :

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Explores the various ways in which the institutions of the global economy might rise to the challenges posed by the twin goals of increasing the pace of global development and alleviating poverty. This book also provides a much-needed analysis of the successes and failures of international institutions in achieving these aims.