Development Growth Economic Impacts Of Globalization
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Economic Development Global Regional Studies
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Author : Halil İbrahim Aydın, Magdalena Ziolo, Aniela Bălăcescu
language : en
Publisher: IJOPEC Publication
Release Date : 2017-04-14
Economic Development Global Regional Studies written by Halil İbrahim Aydın, Magdalena Ziolo, Aniela Bălăcescu and has been published by IJOPEC Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-14 with Business & Economics categories.
The phenomenon of globalization can be described as a gradual increase in the process and dependency level that combines people, society and countries from different economic, social and political aspects of the world. Development, which is a multidimensional concept such as globalization, is a concept that includes human values as well as economic, social, cultural, demographic and political dimensions. With the globalization process, a turn to use knowledge as a factor of production has been passed, and investing in people who use knowledge in production has become important. Investment in human capital leads to the importance of development concept. The relationship of the development process with the different fields pioneered the preparation of scientific works in the context of globalization and regional studies. In this book "Economic Development: Global and Regional Studies", there are academicians who work in different universities of Turkey and the World and work in the field of development. The scientific ethics and responsibility of the works in the book belong to the authors / writers who own the department, of course, and we believe that the necessary sensitivity is shown in this issue. This book in your hand is made up of 15 chapters, and development in each chapter is analyzed from different angles. We believe that the detailed content will contribute to economic development literature. We would like to thank all the authors whose paper published on this book. Our hope is to provide some ideas which can inspire academicians and students not only to understand different problems that the world is facing, but some solution as well.
Development Growth Economic Impacts Of Globalization
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Author : Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya
language : en
Publisher: IJOPEC Publication
Release Date : 2017-04-14
Development Growth Economic Impacts Of Globalization written by Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya and has been published by IJOPEC Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-14 with Business & Economics categories.
The growth paradigm or the economic growth generally been presented as a positive, limitless and good for social problems. The term was hardly touched in pre-capitalism by any academic research. With the rise of capitalism and industrial revolution it became an important tool to measure production quantitatively and qualitatively. Industrialisation also encouraged the expansion of trade and gradual breakdown of the pre-capitalist order in 18th century in Britain. The spread of market had facilitated the specialisation, encouraging division of labour. Whilst for The Classical Political Economists; Adam Smith, David Ricardo and Thomas Malthus; economic growth is self-reinforcing. Marx pointed out importance of forces and relations of production and significance of social classes within it (Marx, 1863). Smith, Ricardo and Malthus were writing at a time when capitalist development was expanding fast and growth was a central in the process. The gradual impact of the West on the rest of world became part of a wider process of change in the World Economy. European capital increased its domination of the world trade through expansionist commercial policies (Wallerstein, 1979). The economic growth encouraged commerce. The necessity to export, and other technological changes formed part of the reason for the decline of feudalism. This transition from feudalism to capitalism began in the West and soon made an impact on the rest of the World. T Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya (Development & Growth: Economic Impacts of Globalization) 12 In 1932 Simon Kuznets, the US economist identified Gross Domestic Product (GDP) to measure the national output of a country within a period. It has continued to be an important indicator to measure economic growth, but it has also been under considerable criticisms. For example; GDP treats resources as income without excluding depletion or depression of the resources. Moreover, GDP has been criticised for disregarding income distribution. Despite all the criticism, GDP has been the most significant indicator of growth and development. With the Post War-II reconstruction of devastated countries and in order to kick-start the World Economy, the state in both developed and developing counties became the important agency to facilitate economic growth. The establishment of the Bretton Woods institutions, the Keynesian model of government intervention and the US implementation of “New Deal” facilitated growth. This was deliberate strategy to reconstruct and create networks of international cooperation. This was pointed out by President Truman in 1949: A program of development based on the concepts of democratic fair-dealing. All countries, including our own, will greatly benefit from a constructive program for the better use of the World's human and natural resources (Truman, 1949). This meant the reinforcement and need to distribute the 'Benefits' of capitalist form of development, more widely, against the planned economy sustained by the Soviet Union. The economist such as Joseph Schumpeter pointed to the possibility that capitalist growth, if it is sustained, could abolish poverty (Schumpeter, 1954, pp66-68). Whilst development meant rapid industrialisation, GDP became a key policy objective for the policy makers and governments around the world, not just in the Soviet Union but the Western Capitalist World, to set targets for their Growth Rate. The end of the Cold War in the 1980s, for some, meant triumph of Neoliberal Capitalism. The others talked of trade liberalization; free movement of capital and the development of information technology, facilitating the relocation of businesses across the world. (Ohmae, 1995). Friedman suggested that globalization is the Inevitable; Integration of markets, nation-states and technologies ... enabling individuals, corporations and nation-states, to reach around the world farther, faster, deeper and cheaper than ever before (Friedman, 1999). Development & Growth: Economic Impact of Globalization (Edited by: Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya) 13 Francis Fukuyama (1992) suggested the new era as ‘The End of History’ through which the ‘Liberal Idea’ triumphed, leading to a new global hegemony. For Fukuyama the only route to modernity, growth and development is the Neo-liberal Democratic path under Global Capitalism. This optimism was not shared by all academics, as Globalization produced poor growth and polarization of wealth: what Collier terms the ‘Bottom one Billion’ (2008). As a result, there has been major criticism of the World Bank and the International Monetary Funds in the second half of the 1990s, especially with the Asian financial and economic crises. The response from these institutions has been vigorous. They continued to believe that liberalization, deregulation, and privatization represent the best way forward for growth and development. With 2008 world recession the World Economy has faced a new challenge. The emergence of powerful economies such as; China, India and Brazil; helped the world economy to grow, at least for now. However, the unevenness of the world economy continues to cause difficulties especially the US as they feeling the threat of their competitors such as China, Germany and even India. The victory of Donald Trump as the S President has represented an ideological shift from free trade advocator of global capitalism to a mixture of right-wing populism. Before and after the presidential election, he called for the revival of the American economy, which has been under considerable pressure since 2008 World Recession. In order to prove growth rate Trump has a huge challenge ahead, not least to deal with the competition from South East Asian economies, especially China. It remains to be seen whether the new US administration will continue with their populist rhetoric In this book, “Economic Impacts of Globalization: Growth & Development”, several academicians provide different analysis of economic growth and economic development. The scientific ethics and responsibility of the works in the book belong to the authors / writers. The book compromises of 15 chapters focusing on economic growth and economic development in the era of globalisation. By taking different angles, they demonstrate different problems and solutions.
Developed Nations And The Economic Impact Of Globalization
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Author : Ken Moak
language : en
Publisher: Springer
Release Date : 2017-07-18
Developed Nations And The Economic Impact Of Globalization written by Ken Moak and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-07-18 with Business & Economics categories.
This book discusses the economic and geopolitical effects of globalization from historical and institutional perspectives. While it has had unintended consequences, such as displacing developed countries' dominance of production markets, the overall benefits of globalization far outweigh the costs. Moak argues that leading developed nations should not fear globalization but, instead, make concerted efforts to promote it in order to keep the cost-benefit balance weighing in favor of economic enhancement and geopolitical stability. Having incurred huge private and public debts as well as a weak monetary policy posture, many developed nations have been unable to recovery from the 2008 financial crisis. Moreover, geopolitical tensions are rising due to the power rivalry between the United States, China, and Russia over a host issues, including trade imbalances and geopolitics. This book aims to provide stakeholders with the relevant and necessary information to hold an objective debate on globalization. Ultimately, this book is about globalization— what it is, how it impacts the global economy and polity, and why it is needed now more than any other time in human history.
Effects Of Financial Globalization On Developing Countries
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Author : Mr.Ayhan Kose
language : en
Publisher: International Monetary Fund
Release Date : 2003-09-03
Effects Of Financial Globalization On Developing Countries written by Mr.Ayhan Kose and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-03 with Business & Economics categories.
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust causal relationship between financial integration and economic growth; (2) contrary to theoretical predictions, financial integration appears to be associated with increases in consumption volatility (both in absolute terms and relative to income volatility) in many developing countries; and (3) there appear to be threshold effects in both of these relationships, which may be related to absorptive capacity. Some recent evidence suggests that sound macroeconomic frameworks and, in particular, good governance are both quantitatively and qualitatively important in affecting developing countries’ experiences with financial globalization.
Economic Growth Transition And Globalization In China
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Author : Yanrui Wu
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
Economic Growth Transition And Globalization In China written by Yanrui Wu and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Political Science categories.
This book addresses a number of important topics and issues associated with China's economic transition, growth and global integration. The chapters, by a distinguished group of scholars, provide a timely assessment of recent developments in the Chinese economy. The authors employ contemporary economic theory and the latest statistics to analyze the sources and spillover effects of China's growth, to investigate the relationship between growth and business cycle, and to shed light on China's growth prospects in the coming decade. In the context of growth, transition and globalization, the chapters also cover issues such as labour economics, urban efficiency, banking and macroeconomic management. Economic Growth, Transition and Globalization in China is a highly focused and unique work of direct policy relevance and is aimed at an international audience. It is an invaluable combination of rigorous theoretical work and empirical material. This timely book should be an important reference for researchers and students of Asian studies, and the Chinese economy, in particular. It will also appeal to business analysts.
Handbook Of Research On Institutional Economic And Social Impacts Of Globalization And Liberalization
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Author : Bayar, Yilmaz
language : en
Publisher: IGI Global
Release Date : 2020-11-06
Handbook Of Research On Institutional Economic And Social Impacts Of Globalization And Liberalization written by Bayar, Yilmaz and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-06 with Political Science categories.
Globalization is a multi-dimensional concept reflecting the increased economic, social, cultural, and political integration of countries. There has been no pinpointed consensus on the history of globalization; however, the globalization process has gained significant speed as of the 1980s in combination with liberalization. Many countries have removed or loosened barriers over the international flows of goods, services, and production factors. In this context, both liberalization and globalization have led to considerable institutional, economic, social, cultural, and political changes in the world. The liberalization and globalization processes have affected economic units, institutions, cultures, social lives, and national and international politics. The Handbook of Research on Institutional, Economic, and Social Impacts of Globalization and Liberalization provides a comprehensive evaluation of the institutional, economic, and social impacts of globalization and liberalization processes across the world. While highlighting topics like economics, finance, business, and public administration, this book is ideally intended for government officials, policymakers, practitioners, stakeholders, researchers, and academicians interested in the international impacts of globalization and liberalization across a variety of different domains.
Impact Of Global Issues On International Trade
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Author : Co?kun Özer, Ahu
language : en
Publisher: IGI Global
Release Date : 2021-06-25
Impact Of Global Issues On International Trade written by Co?kun Özer, Ahu and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-25 with Business & Economics categories.
International trade is vital in today’s world; international trade can be affected by a number of issues such as terrorism, economic crises, and pandemics such as COVID-19. It is crucial to understand the impact these global issues have on international trade and what happens to trade when global issues arise. A comprehensive guide of these issues is needed to provide background and understanding about international trade and its relationship with global issues. Global issues occasionally dominate a continuing theme of the international globalized world: global crises, war, security issues, global pandemics such as COVID-19, and trade wars. Global cooperation is required to solve such problems. Economically intellectual thinking will enable the development of guiding policies in solving these global problems. In this book, the effects of global issues on international trade will be evaluated, and policy recommendations will be made for the solution of the global issues. Impact of Global Issues on International Trade is a critical reference source that uses analytic research to analyze the effects of global economic and financial crises as well as global health crises and their impact on international trade. Pandemics such as the COVID-19 pandemic, the global economic crisis, and trade wars are discussed, and political suggestions are made to mitigate negative impacts. Covering a wide range of topics such as financial fragility and trade fairs, it is ideal for trade specialists, policymakers, government officials, managers, executives, economists, academicians, researchers, students, and industry professionals.
Development And The State In The 21st Century
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Author : Erica Frantz
language : en
Publisher: Bloomsbury Publishing
Release Date : 2015-10-26
Development And The State In The 21st Century written by Erica Frantz and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-26 with Social Science categories.
Development and the State in the 21st Century provides a comprehensive analysis of the state's role in contemporary development. The book examines the challenges that states face in the developing world – from lasting poverty and political instability to disease and natural disasters – and explores the ways in which states can build capacity to surmount these challenges. It takes seriously the role that state institutions can play in development while also looking at what institutional reform entails and why this reform is critical for policy recommendations to work. This analysis is set in the context of the evolution of both development practice and development theory. Chapters are organized around the key issues in the field and deploy a wide range of examples from different countries. A range of case studies throughout the text demonstrate the variety of problems development practitioners face and the key theoretical debates surrounding the subject. This text will be particularly useful to students of development and politics who wish to understand how governance and state-building can improve countries' economic performance and end cycles of poverty.
The Wiley Blackwell Companion To Tourism
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Author : Alan A. Lew
language : en
Publisher: John Wiley & Sons
Release Date : 2014-04-02
The Wiley Blackwell Companion To Tourism written by Alan A. Lew and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-04-02 with Business & Economics categories.
The Wiley Blackwell Companion to Tourism presents a collection of readings that represent an essential and authoritative reference on the state-of-the-art of the interdisciplinary field of tourism studies. Presents a comprehensive and critical overview of tourism studies across the social sciences Introduces emerging topics and reassesses key themes in tourism studies in the light of recent developments Includes 50 newly commissioned essays by leading experts in the social sciences from around the world Contains cutting-edge perspectives on topics that include tourism’s role in globalization, sustainable tourism, and the state’s role in tourism development Sets an agenda for future tourism research and includes a wealth of bibliographic references
The Socio Economic Impacts Of Artisanal And Small Scale Mining In Developing Countries
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Author : G.M. Hilson
language : en
Publisher: CRC Press
Release Date : 2003-01-01
The Socio Economic Impacts Of Artisanal And Small Scale Mining In Developing Countries written by G.M. Hilson and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-01-01 with Technology & Engineering categories.
The purpose of this book is to examine both the positive and negative socioeconomic impacts of artisanal and small-scale mining in developing countries. In recent years, a number of governments have attempted to formalize this rudimentary sector of industry, recognizing its socioeconomic importance. However, the industry continues to be plagued by