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An analysis of the nature of growth in 16 advanced capitalist countries which together account for half of world GDP, using a standardized framework of comparative growth accounts. The author identifies the causal factors reponsible for the unprecedented growth in these countries since 1820.
An analysis of the nature of growth in 16 advanced capitalist countries which together account for half of world GDP, using a standardized framework of comparative growth accounts. The author identifies the causal factors reponsible for the unprecedented growth in these countries since 1820.
"Splendid: the global history of capitalism in all its creative—and destructive—glory." —New York Times Book Review With its deep roots and global scope, the capitalist system seems universal and timeless. The framework for our lives, it is a source of constant change, sometimes measured and predictable, sometimes drastic, out of control. Yet what is now ubiquitous was not always so. Capitalism was an unlikely development when it emerged from isolated changes in farming, trade, and manufacturing in early-modern England. Astute observers began to notice these changes and register their effects. Those in power began to harness these new practices to the state, enhancing both. A system generating wealth, power, and new ideas arose to reshape societies in a constant surge of change. Approaching capitalism as a culture, as a historical development that was by no means natural or inevitable, Joyce Appleby gives us a fascinating introduction to this most potent creation of mankind from its origins to its present global reach.
In this collection authors from eight different countries, representing a wide variety of academic disciplines and theoretical perspectives, investigate the differing phases of capitalist development. They offer diverse and powerful analyses of the postwar boom, economic crises and globalization within this context.
In this book, Kalyan Sanyal reviews the traditional notion of capitalism and propounds an original theory of capitalist development in the post-colonial context. In order to substantiate his theory, concepts such as primitive accumulation, governmentality and post-colonial capitalist formation are discussed in detail. Analyzing critical questions from a third world perspective such as: Will the integration into the global capitalist network bring to the third world new economic opportunities? Will this capitalist network make the third world countries an easy prey for predatory multinational corporations? The end result is a discourse, drawing on Marx and Foucault, which envisages the post-colonial capitalist formation, albeit in an entirely different light, in the era of globalization.
Capitalism in the twentieth century was marked by periods of persistent bad performance alternating with episodes of good performance. A lot of economic research ignores this phenomenon; other work concentrates almost exclusively on developing technology as its cause. This 2001 book draws upon Schumpeterian, Institutional and Keynesian economics to investigate how far these swings in performance can be explained as integral to capitalist development. The authors consider the macroeconomic record of the developed capitalist economies over the past 100 years (including rates of growth, inflation and unemployment) as well as the interaction of economic variables with the changing structural features of the economy in the course of industrialization and transformation. This approach allows for changes both in the economic structure and in the economic variables to be generated within the system. This study will be essential reading for macroeconomists and economic historians.
The world, of late, has seen a productivity slowdown. Many countries continue to recover from various shocks in the macro business environment, along with structural changes and inward looking policies. In contemporary times of growth slumps, various exits and protectionist regimes, this book engages with the study of productivity dynamics in the emerging and industrialized economies. The essays address the crucial aspects, such as the roles of human capital, investment accounting and datasets, that help understanding of productivity performance of global economy and its several regions. This book will be of interest to academics, practitioners and professionals in the field of economic growth, productivity and development studies. This will also be an important reference on empirical industrial economics in both India and the world.
Hinds takes offers a fresh perspective on the social, political, and economic disturbances now affecting our world. This book looks at those disturbances not as separate problems, but rather as the coherent symptoms of a deep technological revolution that is changing the shape of society on the scale of the Industrial Revolution: the Connectivity Revolution, the basis of the New Economy. Analyzing the resistance to change that erupted violently in response to that last major economic upheaval, Hinds shows how Communism, Nazism, and fundamentalism owe their triumphs not to the prevalence of poverty or oppression but to the rigidity of societies threatened by profound social changes prompted by rapid technological progress. Demonstrating that their rigidity was caused by the same kind of state intervention in the economy that is now being proposed to stop globalization, he argues persuasively that only a horizontal, flexible society can smoothly manage change in such a way that the pain of transformation—and therefore, the risk of giving birth to new varieties of destructive regimes—is minimized.
What part does technological knowledge accumulation play in modern economic growth? This book investigates and examines the predictions of new growth theory, using OECD manufacturing data. Its empirical findings portray a novel and complex picture of the features of long-term growth, where technological knowledge production and diffusion play a central part, alongside variations in capital and employment. A parallel examination of long-run trade patterns and government policy issues completes a broader account of how knowledge-based growth in industrial output is at the heart of modern economic prosperity.
This book explores the dynamics of Asian labour markets in a cross section of eight Asian economies including Japan, South Korea, Taiwan, Hong Kong, Singapore, China, India, Vietnam, Thailand and Indonesia. It considers how these markets have responded to globalisation, and assesses likely future trends and developments.