Deglobalization and the “Great Stagnation”
Bibliographic Data
| ID | 13043432 |
|---|---|
| Authors | Олег Комолов (0000-0001-6944-7925, Plekhanov Russian University of Economics, corresponding author) |
| Year | 2020 |
| Volume | 10 |
| Issue | 3 |
| Pages | 424-439 |
| Publication date | 2020-07-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Critical Thought (JOURNAL) |
| Journal identifiers | ISSN: 2159-8312 • E-ISSN: 2159-8312 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/21598282.2020.1846582 |
| OpenAlex | W3111345267 |
| Language | EN |
| Citations received | 5 |
| References cited | 8 |
Modern capitalism is going through a crisis of globalization. The activity of world trade and capital flows is decreasing, protectionist tendencies are growing, countries confront each other in currency wars and sanctions regimes. This originated from the extensive nature of the capitalist development of the latest decades through subordinating the non-capitalist periphery, its markets and sources of natural resources, using low-cost labor. It intensified the contradictions of the economic development of both the core and the periphery of the world economy: growing inequality, financialization, unemployment, slowdown in scientific progress and caused the long lasting “great stagnation,” which can be identified by the lower growth rate of the world GDP after 2008
Capital (architecture · Capitalism · Currency · Development economics · Economic growth · Economic stagnation · Economics · Financialization · Geography · Globalization · International economics · Market economy · Monetary economics · Political science · Politics · Protectionism · Unemployment · World economy · Regional Development and Policy
| Unique citing works | 5 |
|---|---|
| Citations per year | 1 |
| Citation span | 2021 - 2024 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |