Bericht

The crisis and the global economy: A shifting world order?

The global economic crisis has sparked short-term divergence of economic performance between the West and emerging markets, and thereby accelerated the longer-run convergence of the latter on the former. This Shift to the East is also even more evident in international trade and FDI than it is in other channels of globalisation. But emerging markets' political and economic institutions, and intra-regional divisions, continue to hold back their rise. That means the Shift to the East will not translate into Chinese or other emerging-market leadership for a long time to come - if ever. The USA is still the fulcrum of international relations, and the world is far from being "post-American". Thus the economic shift to emerging markets, accelerated by the crisis, does not translate into a paradigmatic shift in global political-economic order. But it does insert more multipolarity and uncertainty into that order, and leaves more of a leadership vacuum. (...)

Sprache
Englisch

Erschienen in
Series: ECIPE Occasional Paper ; No. 3/2011

Klassifikation
Wirtschaft
Thema
Wirtschaftskrise
Internationale Wirtschaftsbeziehungen
Welt

Ereignis
Geistige Schöpfung
(wer)
Sally, Razeen
Ereignis
Veröffentlichung
(wer)
European Centre for International Political Economy (ECIPE)
(wo)
Brussels
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Bericht

Beteiligte

  • Sally, Razeen
  • European Centre for International Political Economy (ECIPE)

Entstanden

  • 2011

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