عنوان
پدید آورنده
موضوع
رده
کتابخانه
محل استقرار
A951
انگلیسی
Towards Yet Another Age of Creative Destruction?
/ Arno Tausch
This article analyses economic growth and social development in 173 coun-tries. With global economic gravitation shifting to the Indian Ocean/Pacific region (Frank 1998), the article analyses especially the role of foreign capital penetration as the key variable of past quantitative dependency studies for contemporary economic growth and social performance. In a Schumpeterian fashion, multinational corporations (MNC) penetration reflects the power, which transnational oligopolies wield over local economies. Today, social po-larization and stagnation increase as a consequence of the development model, based on high MNC penetration. Economic growth in the long run in the outgone Kuznets-cycle 1990– 2005 was strongly determined by the long-run positive effects of foreign direct investments per GDP of the host countries, while at the same time – and con-trary to the traditional expectations of neo-classical economics – the more short-term effects of heavy foreign direct investment inflows on the host coun-tries of foreign direct investment (FDI) were very negative. Other results re-ported here also confirm our reasoning: the logic of the Kondratiev cycle 1975–2005; inequality, gender empowerment, the Human Development Index, and life expectancy all confirm our Schumpeterian explanation, presented in this article. East and South-East Asia emerge as the real growth engines of the world economy.
Journal of Globalization Studies
, Vol. 1 No. 1
, May 2010
: P. 104-130
international relations
international political economy
economic development
technological change
economic growth
Tausch, Arno
ایران
Globalization
A951.pdf
AL
249952
Y
