Origins of World-Systems Theory

Influences and major thinkers
World-systems theory traces emerged in the 1970s. Its roots can be found in sociology, but it has developed into a highly interdisciplinary field.....

World-Systems Theory

World-systems theory (also known as world-systems analysis or the world-systems perspective) is a multidisciplinary, macro-scale approach to world history and social change which emphasizes the world-system (and not nation states) as the primary (but not exclusive) unit of social analysis......

Future of the Global Financial System

The IMF has reported that the global financial system is on a path to improved financial stability, but faces a host of transitional challenges borne out by regional vulnerabilities and policy regimes......

Global Financial System

The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.....

Political Globalization

In general, globalization may ultimately reduce the importance of nation states.....

Cultural Globalization

Cultural globalization refers to the transmission of ideas, meanings, and values around the world in such a way as to extend and intensify social relations......

Economic Globalization

Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, services, technology, and capital......

Globalization

Globalization or globalisation is the process of interaction and integration among people, companies, and governments worldwide.....

Economic Collapse

Economic collapse is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment.....

Economic History of the World

The economic history of the world is a record of the economic activities (i.e. the production, distribution and consumption of goods and services) of all humans, spanning both recorded history and evidenced prehistory......

Global/World Economy

The world economy or global economy is the economy of the world, considered as the international exchange of goods and services that is expressed in monetary units of account.....

Factors That Affect Economic Growth

The follow six causes of economic growth are key components in an economy. Improving or increasing their quantity can lead to growth in the economy......

Benefits and Costs of Economic Growth

Main Benefits of Economic Growth

1. Higher living standards – i.e. Real GNI per capita – helps to lift people out of extreme poverty and improve development outcomes (e.g. rising HDI)

Environmental Impact Of Economic Growth

Critics such as the Club of Rome argue that a narrow view of economic growth, combined with globalization, is creating a scenario where we could see a systemic collapse of our planet's natural resources.....

Importance Of Long-Run Growth

Over long periods of time, even small rates of growth, such as a 2% annual increase, have large effects......

Theories And Models Of Economic Growth

Classical growth theory
In classical (Ricardian) economics, the theory of production and the theory of growth are based on the theory or law of variable proportions, whereby increasing either of the factors of production.......

Other Factors Affecting Growth

“As institutions influence behavior and incentives in real life, they forge the success or failure of nations.”

Determinants Of Per Capita GDP Growth

In national income accounting, per capita output can be calculated using the following factors: output per unit of labor input (labor productivity), hours worked (intensity), the percentage of the working age population actually working (participation rate) and the proportion of the working-age population to the total population (demographics)......

Economic Growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time......

Economic Growth And Development

Economic growth deals with increase in the level of output, but economic development is related to increase in output coupled with improvement in social and political welfare of people within a country......

Economic Development Policies

In its broadest sense, policies of economic development encompass three major areas: