The Future Of Global Economic Power
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The Future Of Global Economic Power
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Author : Seth G. Benzell
language : en
Publisher:
Release Date : 2022
The Future Of Global Economic Power written by Seth G. Benzell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
The global economy's enormous region-specific demographic, technological, and fiscal changes raise five major questions. First, which regions will come to dominate the world economy? Second, will regional levels of per capita GDP converge? Third, will high saving rates in fast growing regions lead to a global capital glut? Fourth, does aging augur far higher tax rates in particular regions? Fifth, will automation materially influence development? This paper develops the Global Gaidar Model, a 17-region, 2-skills, 100-period, OLG model, to address these questions. The model is carefully calibrated to 2017 UN demographic and IMF fiscal data. Productivity growth and its interaction with demographic change are the main drivers of future economic power. Fiscal conditions and automation matter are secondary factors. Our baseline simulation, which sets future productivity based on each region's long-term record, predicts China and India becoming the world's top two economies with 27.0 percent and 16.2 percent of 2100 world GDP, respectively. The respective US and Western Europe shares are just 12.3 percent and 11.9 percent. Our baseline also features an evolving global savings glut, major reductions in the world interest rate, substantial aging-related increases in tax rates, and permanent differences in regional living standards. Automation makes little difference to these results. But assumed assumed productivity growth does. If recent productivity continues and demographic projections prove accurate, India will account for one third of world output in 2100 and China for over one fifth. The US output share will grow slightly while other developed countries shrink dramatically. Under more sophisticated, if seemingly less plausible projections, productivity growth in China and India dramatically slows leaving China's plus India's 2100 output share at only 16 percent, but, remarkably, Africa's at an astounding 17 percent.
The Future Of Global Economic Governance
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Author : Marek Rewizorski
language : en
Publisher: Springer Nature
Release Date : 2020-01-29
The Future Of Global Economic Governance written by Marek Rewizorski and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-29 with Business & Economics categories.
In light of new global challenges for international cooperation and coordination, such as the revival of protectionism, surge of populism, or energy-related issues, this volume highlights possible scenarios for the future of Global Economic Governance (GEG). The contributing authors analyze the substance of GEG as a normative framework for resolving collective action issues and promoting cross-border co-ordination and co-operation in the provision or exchange of goods, money, services and technical expertise in the world economy. Furthermore, the book examines drivers of fundamental shifts in global economic steering and covers topics such as power and authority shifts in the global governance architecture, technological and energy-related challenges, and the role of the G20 and BRICS in shaping global economic governance. “This book provides a very timely and nuanced account of the challenges facing the established global order.” Andrew F. Cooper (Professor of Political Science at the University of Waterloo) “This valuable collection from a new generation of innovative scholars of global economic governance offers insights from a broad range of theoretical approaches to the central policy issues of the day” John Kirton (Director of the Global Governance Program, Munk School of Global Affairs, University of Toronto)
Susan Strange And The Future Of Global Political Economy
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Author : Randall Germain
language : en
Publisher: Routledge
Release Date : 2016-04-28
Susan Strange And The Future Of Global Political Economy written by Randall Germain and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-28 with Political Science categories.
This edited volume addresses the 2007/2009 financial crisis as the occasion to engage critically with the corpus of Susan Strange’s work, in order to consider what changes (if any) this crisis portends for the structural organization of the global political economy. The contributors use Strange’s rich conceptual framework to explore the financial crisis and its aftermath, and reflect critically on the broader contributions which her work has made to the discipline of IPE. The volume makes three valuable contributions for scholars and students. First, it raises the profile of Susan Strange, a unique and powerful contributor to the field of IPE whose ideas matter to our current circumstance and can provide deep and enduring insights into important questions and issues. Secondly, each contributor to this volume combines her work and ideas with that of other traditions or individual theorists in ways that extend and/or deepen Strange’s own efforts. Finally, this volume leaves us with a judicious optimism about the future of both IPE and the world as it actually is, on the ground. This book will be of interest to scholars and students who are interested in the dynamics shaping contemporary and future developments in the global political economy, as well as those who are interested in the theoretical debates about how to study IPE.
Rising Powers And The Future Of Global Governance
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Author : Kevin Gray
language : en
Publisher: Routledge
Release Date : 2015-04-10
Rising Powers And The Future Of Global Governance written by Kevin Gray and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-10 with Political Science categories.
This volume contributes to the growing debate surrounding the impact that the rising powers may or may not be having on contemporary global political and economic governance. Through studies of Brazil, India, China, and other important developing countries within their respective regions such as Turkey and South Africa, we raise the question of the extent to which the challenge posed by the rising powers to global governance is likely to lead to an increase in democracy and social justice for the majority of the world’s peoples. By addressing such questions, the volume explicitly seeks to raise the broader normative question of the implications of this emergent redistribution of economic and political power for the sustainability and legitimacy of the emerging 21st century system of global political and economic governance. Questions of democracy, legitimacy, and social justice are largely ignored or under-emphasised in many existing studies, and the aim of this collection of papers is to show that serious consideration of such questions provides important insights into the sustainability of the emerging global political economy and new forms of global governance. This book was published as a special issue of Third World Quarterly.
The Future Of Global Governance
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Author : Mihály Simai
language : en
Publisher: US Institute of Peace Press
Release Date : 1994
The Future Of Global Governance written by Mihály Simai and has been published by US Institute of Peace Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
What are the major political, economic, technological, environmental, and social changes confronting the world today, and what risks do they pose? Given what we know about these changes and risks, what adjustments will have to be undertaken to make the world as peaceful and stable as possible? Drawing on over 30 years' research, the eminent European scholar Mihaly Simai combines a global systems approach with a hard-headed appreciation of political realities as he seeks answers to these two overarching questions. This volume is at once richly informative and profoundly challenging. Unflinching in its diagnosis of the past failures and present inadequacies of global governance, pragmatic in its prescriptions for more effective multilateral cooperation, Simai's work dissects the dimensions and dangers of a world in transition.
China 2049
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Author : David Dollar
language : en
Publisher: Brookings Institution Press
Release Date : 2020-06-09
China 2049 written by David Dollar and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-09 with Political Science categories.
How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.
Handbook Of Global Economic Governance
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Author : Manuela Moschella
language : en
Publisher: Routledge
Release Date : 2013-12-17
Handbook Of Global Economic Governance written by Manuela Moschella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12-17 with Reference categories.
Since the summer of 2007, the world scenario has been dominated by the US sub-prime mortgage crisis and its repercussions on global financial markets and economic growth. As banks around the world wrote down their losses and governments intervened to rescue domestic financial institutions, financial distress severely hit the real economy leading to what has been widely defined as the worst recession since the 1930s. Under these conditions, along with the immediate concern for stemming the effects of the crisis, policy-makers around the world have been debating the long-term measures that have to be adopted in order to reduce the likelihood of future crises and to ensure stable economic growth. Although this debate has not yet produced significant transformations, it indicates a renewed concern about the institutional architecture that is meant to govern the global economic and financial system. This book tackles the issue of what the governance of the global economic and financial system looks like and what the prospects for its reform are. Specifically, the book will address the following three main themes: Governance: What is governance in the international economic system? What forms does it take? How did it come about? How can we study it?; Functions of governance: What are the functions of global economic governance? Who performs them? What are the rules and mechanisms that make global governance possible? Problems and prospects of governance: What are the problems in global economic governance? Is there a trade-off between legitimacy and efficiency? What are the prospects for reform of global economic governance in the aftermath of the global financial crisis? This book will: _ Provide a thorough analysis of the issues at stake in designing international rules and institutions able to govern the global economy; _ Illustrate and analyze virtually all the main institutions, rules, and arrangements that make up global economic governance, inscribing them within the function these institutions, rules, and arrangements are meant to perform; _ Discuss the problems that affect today’s global economic governance and assess alternative proposals to reform the international financial architecture.
Economic Power In A Changing International System
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Author : Ewan W. Anderson
language : en
Publisher: Psychology Press
Release Date : 2000
Economic Power In A Changing International System written by Ewan W. Anderson and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
An analysis of international economic power. Using as indicators the salient features of the economies of the major powers - the USA, Japan, the EU, Russia and China - it examines the concomitants of the new global system, dominated by economic rather than military considerations
Brazil As An Economic Superpower
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Author : Lael Brainard
language : en
Publisher: Rowman & Littlefield
Release Date : 2009-09-01
Brazil As An Economic Superpower written by Lael Brainard and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-01 with Business & Economics categories.
In Brazil, the confluence of strong global demand for the country's major products, global successes for its major corporations, and steady results from its economic policies is building confidence and even reviving dreams of grandeza—the greatness that has proven elusive in the past. Even as the current economic crisis tempers expectations of the future, the trends identified in this book suggest that Brazil will continue its path toward becoming a leading economic power in the future. Once seen as an economic backwater, Brazil now occupies key niches in energy, agriculture, service industries, and even high technology. Yet Latin America's largest nation still struggles with endemic inequality issues and deep-seated ambivalence toward global economic integration. Scholars and policy practitioners from Brazil, the United States, and Europe recently gathered to investigate the present state and likely future of the Brazilian economy. This important volume is the timely result. In Brazil as an Economic Superpower? international authorities focus on five key topics: agribusiness, energy, trade, social investment, and multinational corporations. Their analyses and expertise provide not only a unique and authoritative picture of the Brazilian economy but also a useful lens through which to view the changing global economy as a whole.
Will China Emerge As A Global Economic And Political Power In The 21st Century
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Author : Daniel Döring
language : en
Publisher: GRIN Verlag
Release Date : 2007-11
Will China Emerge As A Global Economic And Political Power In The 21st Century written by Daniel Döring and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-11 with categories.
Research Paper (undergraduate) from the year 2006 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 1,6, The University of Sydney, course: International Politics of Asia, 11 entries in the bibliography, language: English, abstract: China has become more interesting for investors and other global powers as it is developing very fast economically and politically. China has also become internationally very active in recent years, which certainly has attracted attention around the world. But we have to consider that China is still a developing country which is not willing to adapt in all areas of international reforms. Rising global powers, in this case China, have always trigged dramatic side effects or serious changes in the power structure of the world. Certainly imperial ambitions, aggressive expansion and striving for power are known to be the reasons for many wars, hence destruction and chaos. The world will have to cope with big challenges because of Chinas need for new recourses, power and recognition. China already goes international unacceptable ways according to Western powers as it cooperates with countries like Iran. In some ways a confrontation seems to be inevitable, as states like the USA want to keep their hegemonial position in the world as long they got the power on their side. On the other side China's military chairman Hu Jintao guarantees a peaceful rise from which not only the own countries will profit, also the international world around. To answer the question I will focus on Chinas current status, and how political and economical actions will favour or hinder the rise to a global power. Also I will focus on how US interaction may hinder the rise as they see a threat in China. What will happen if the sleeping dragon awakes economically and politically?