Artikel
Global instability and the development project: is the twenty-first century different?
Despite a few pockets of relatively fast expansion, overall deficiency of demand characterises the world economy. The external stimulus provided by the US is declining; Europe's net impact is negative because of the emphasis on generating current-account surpluses. While China is already a significant global economic player, it cannot adequately counter the effect of this reduced impetus from the major developed countries. Much of the developing world is relying on unsustainable debt-driven bubbles in the financially liberalised environment to generate economic recovery. Sustaining the development project will require countries to shift from export-oriented growth to more reliance on domestic demand through wage and employment increases.
- Language
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Englisch
- Bibliographic citation
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Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 15 ; Year: 2018 ; Issue: 2 ; Pages: 193-207
- Classification
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Wirtschaft
Current Heterodox Approaches: General
Macroeconomic Aspects of International Trade and Finance: General
Macroeconomic Analyses of Economic Development
- Subject
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world economy
financial instability
global trade
development
- Event
-
Geistige Schöpfung
- (who)
-
Ghosh, Jayati
- Event
-
Veröffentlichung
- (who)
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Edward Elgar Publishing
- (where)
-
Cheltenham
- (when)
-
2018
- DOI
-
doi:10.4337/ejeep.2018.02.10
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Ghosh, Jayati
- Edward Elgar Publishing
Time of origin
- 2018
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