Six Crises of the World Economy

Globalization and Economic Turbulence from the 1970s to the COVID-19 Pandemic
Erscheinungsjahr 2024
ISBN: 978-3-031-38737-1
Verlag: Springer International Publishing

Buch, Englisch, 339 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 471 g

This book is about the crises of the world economy that have occurred from the 1970s to the present day. It makes the specific case that the global economy has experienced six crises during this 50-year period. Crises of the global economy are periods of substantial slowdown in world economic activity—as measured by investment, industrial production, trade, or unemployment—in which many national economies are technically in recession. To pose the existence of crises of the global economy implies that the world economy is a real entity with its own dynamics; it implies also that the usual approach that views national economies as the appropriate units of economic analysis has major limitations. The author provides data illustrating the global and regional manifestations of these crises of the world economy, elaborates on the concepts of world economy and economic crisis, and discusses the theories that have been used to explain them. The book shows how these recurrent global crises are discrete, countable phenomena, distinct states of an entity that can be appropriately referred to as the world or global economy, or world capitalism.

Zielgruppe

Research

Autoren/Hrsg.

Tapia, José A.

Fachgebiete

• Interdisziplinäres Wissenschaften Wissenschaften Interdisziplinär Globalisierung
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
• Sozialwissenschaften Politikwissenschaft Internationale Beziehungen

Inhaltsverzeichnis

Chapter 1. Introduction.- Chapter 2. Evidence of six crises.- Chapter 3. Globalization, national economies, and global crises.- Chapter 4. Conceptual issues — Depressions, recessions, crisis cycles, business cycles.- Chapter 5. A world economy.- Chapter 6. Why do crises occur? Causal theories.- Chapter 7. Nature, oil, profits, and crises.- Chapter 8. Long waves and social structures of accumulation.- Chapter 9. COVID-19, the 2020 depression, and the Russian invasion of Ukraine.- Chapter 10. Conclusions.

Über Autor(innen)

José A. Tapia Granados is Professor at Drexel University in Philadelphia, PA, USA. He teaches courses on international political economy, political economy of climate change, and social development. Trained in medicine, public health, and economics, his work and research experiences include positions at the Institute for Social Research of the University of Michigan and the World Health Organization. His papers have appeared in PNAS, Journal of Health Economics, Demography, Research in Political Economy, and other journals.