Global Capitalism


Book Description

"One of the most comprehensive histories of modern capitalism yet written." —Michael Hirsh, New York Times An authoritative, insightful, and highly readable history of the twentieth-century global economy, updated with a new chapter on the early decades of the new century. Global Capitalism guides the reader from the globalization of the early twentieth century and its swift collapse in the crises of 1914–45, to the return to global integration at the end of the century, and the subsequent retreat in the wake of the financial crisis of 2008.




An Economic History of Twentieth-Century Europe


Book Description

A major history of economic regimes and economic performance throughout the twentieth century. Ivan T. Berend looks at the historic development of the twentieth-century European economy, examining both its failures and its successes in responding to the challenges of this crisis-ridden and troubled but highly successful age. The book surveys the European economy's chronological development, the main factors of economic growth, and the various economic regimes that were invented and introduced in Europe during the twentieth century. Professor Berend shows how the vast disparity between the European regions that had characterized earlier periods gradually began to disappear during the course of the twentieth century as more and more countries reached a more or less similar level of economic development. This accessible book will be required reading for students in European economic history, economics, and modern European history.




The Mediterranean Response to Globalization before 1950


Book Description

The studies in this exceptional volume explore the challenges and opportunities presented by globalization events prior to 1950, and identify how countries around the Mediterranean responded to them. In addition to comparative assessments of regional performance, the volume offers detailed case studies of Spain, Italy, the Balkans, Turkey, Israel a




The World in the Long Twentieth Century


Book Description

The biological transformation of modern times -- The foundations of the modern global economy -- Reorganizing the global economy -- Localization and globalization -- The great explosion -- New world (dis)order -- High modernity -- Revolt and refusal -- Transformative modernity -- Democracy and capitalism triumphant




Globalization and Development


Book Description

Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].




The Gold Standard at the Turn of the Twentieth Century


Book Description

By the end of the nineteenth century, the world was ready to adopt the gold standard out of concerns of national power, prestige, and anti-English competition. Yet although the gold standard allowed countries to enact a virtual single world currency, the years before World War I were not a time of unfettered liberal economics and one-world, one-market harmony. Outside of Europe, the gold standard became a tool for nationalists and protectionists primarily interested in growing domestic industry and imperial expansion. This overlooked trend, provocatively reassessed in Steven Bryan's well-documented history, contradicts our conception of the gold standard as a British-based system infused with English ideas, interests, and institutions. In countries like Japan and Argentina, where nationalist concerns focused on infant-industry protection and the growth of military power, the gold standard enabled the expansion of trade and the goals of the age: industry and empire. Bryan argues that these countries looked less to Britain and more to North America and the rest of Europe for ideological models. Not only does this history challenge our idealistic notions of the prewar period, but it also reorients our understanding of the history that followed. Policymakers of the 1920s latched onto the idea that global prosperity before World War I was the result of a system dominated by English liberalism. Their attempt to reproduce this triumph helped bring about the global downturn, the Great Depression, and the collapse of the interwar world.




Finance & Development, September 2014


Book Description

This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.




Mission as Globalization


Book Description

Through an examination of Methodist mission to Southeast Asia at the turn of the twentieth century, this broad-ranging book unites the history of globalization with the history of Christian mission and the history of Southeast Asia. The book explores the international connections forged by the Methodist Episcopal Church’s Malaysia Mission between 1885 and 1915, putting them in the context of a wave of globalization that was sweeping the world at that time, including significant developments in Southeast Asia. To establish intellectual connections between the study of globalization and this historical setting, the book suggests six metaphors for understanding the mission. Each metaphor is based on some aspect of secular globalization: the Methodist connection as a migratory network, mission agencies as multinational corporations, the Malaysia Mission as a franchise system, the Methodist Episcopal Church as a media conglomerate, mission institutions as civil society organizations, and Methodist mission as a global vision. In chapters exploring each metaphor separately, the book reviews how each form of secular globalization functions to create transnational connections before examining the details of how the Malaysia Mission functioned in a similar fashion. Along the way, the book investigates the lives of all involved in the mission: missionaries, church members of the mission, and mission supporters. Although Southeast Asia (including the Straits Settlements, Federated Malay States, Sarawak, and Netherlands Indies) and the United States are important geographic foci for the book, India, China, Britain, Sri Lanka, Sweden, Germany, Australia, and Canada all have parts to play. In exploring these metaphors, the book draws on several scholarly fields including migration studies, business history, media studies, political theory, and cultural history, blending them together into a social history of the mission. By so doing, it identifies both ways in which the effects of Christian mission paralleled other globalizing forces and unique contributions Christian mission made to turn-of-the-twentieth-century globalization.




New World Cities


Book Description

For millennia, urban centers were pivots of power and trade that ruled and linked rural majorities. After 1950, explosive urbanization led to unprecedented urban majorities around the world. That transformation--inextricably tied to rising globalization--changed almost everything for nearly everybody: production, politics, and daily lives. In this book, seven eminent scholars look at the similar but nevertheless divergent courses taken by Mexico City, Rio de Janeiro, Buenos Aires, Montreal, Los Angeles, and Houston in the twentieth century, attending to the challenges of rapid growth, the gains and limits of popular politics, and the profound local effects of a swiftly modernizing, globalizing economy. By exploring the rise of these six cities across five nations, New World Cities investigates the complexities of power and prosperity, difficulty and desperation, while reckoning with the social, cultural, and ethnic dynamics that mark all metropolitan areas. Contributors: Michele Dagenais, Mark Healey, Martin V. Melosi, Bryan McCann, Joseph A. Pratt, George J. Sanchez, and John Tutino.




Globalization in Historical Perspective


Book Description

As awareness of the process of globalization grows and the study of its effects becomes increasingly important to governments and businesses (as well as to a sizable opposition), the need for historical understanding also increases. Despite the importance of the topic, few attempts have been made to present a long-term economic analysis of the phenomenon, one that frames the issue by examining its place in the long history of international integration. This volume collects eleven papers doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of the long-term integration of different markets-from the markets for goods and commodities to those for labor and capital, and from the sixteenth century to the present. The second set of contributions places this knowledge in a wider context, examining some of the trends and questions that have emerged as markets converge and diverge: the roles of technology and geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice and the roles of political institutions in responding to them. The final group of essays addresses the international financial systems that play such a large part in guiding the process of globalization, considering the influence of exchange rate regimes, financial development, financial crises, and the architecture of the international financial system itself. This volume reveals a much larger picture of the process of globalization, one that stretches from the establishment of a global economic system during the nineteenth century through the disruptions of two world wars and the Great Depression into the present day. The keen analysis, insight, and wisdom in this volume will have something to offer a wide range of readers interested in this important issue.