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This study aims to make a different approach to development. The study assumes that development diverges according to countries, periods and effecting factors. Development exhibits a diversifying tendency in periods and countries. A common recipe of development can not be considered. The...
Persistent link: https://www.econbiz.de/10012770605
The process of "redefining" capitalism or reinterpreting capitalism ideologies in a modern context can reveal the virtues of classical economics and the ways they can help solve contemporary global problems. In Redefining Capitalism in Global Economic Development, Kui-Wai Li helps us reconsider...
Persistent link: https://www.econbiz.de/10012832354
Development is the most important challenge facing the human race but the processes driving economic development are by no means fully understood. However, the core challenge for development is to ensure productive work and a better quality of life for all the people of the World. This challenge...
Persistent link: https://www.econbiz.de/10014070586
Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman's views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman pays...
Persistent link: https://www.econbiz.de/10013316592
The German economy is stuck in a difficult position as it faces both slow growth as well as structural change. The continuing lack of orders in manufacturing, increasing international competition, and sluggish development in industry-related services are now affecting the labor market and...
Persistent link: https://www.econbiz.de/10015192295
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A few economists, researchers and many pundits in international business and international economics suppose that international trade has either begun to decrease or is about to decrease due to changes in the structure of the world economy. This paper rejects the empirical basis of this...
Persistent link: https://www.econbiz.de/10014356339
Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre-crisis, in both absolute terms (growth rates) and relative terms (relative to GDP, from 2:1 in the great 1990’s to 1:1 since 2012) A debate has arisen as to whether this global trade...
Persistent link: https://www.econbiz.de/10012908674
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