This encyclopedia entry examines the relationship between saving behavior in capitalist economies and their macroeconomic performance. It first considers various accounting issues in defining "saving" and argues for the significance of these accounting distinctions for understanding how saving...

Three unique features of the contemporary period of globalization stand out in contrast with the epoch of integration early in the 20th century: the rise of manufacturing capacity in less-developed countries; the expansion in cross-border financial trading; and the fact that integration is...

The single most important fact about the contemporary pattern of global economic integration is that it is being guided by a predominant commitment to neoliberal economic policies. Considering both the global North and South, this paper examines three basic problems resulting from neoliberal...