Evanescent World Development

With some minor differences, there are two main paradigmatic economic strategies compatiblewith the globalization trust that in are use in the world. One, is based upon theexpansion of credit, of financialization, to displace the role of investment and employmentin armonizing aggregate supply and de...

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Autor principal: Ibarra Muñoz, David; Universidad Nacional Autónoma de México
Lenguaje:Español
Publicado: Facultad de Economía 2015
Acceso en línea:http://www.revistas.unam.mx/index.php/ecu/article/view/47057
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article47057oai
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description With some minor differences, there are two main paradigmatic economic strategies compatiblewith the globalization trust that in are use in the world. One, is based upon theexpansion of credit, of financialization, to displace the role of investment and employmentin armonizing aggregate supply and demand within each country. Any resulting gap betweenboth variables is filled with imports, creating cripping disequilibria in foreign internationaltrade and financing. The second one is designed to cover deficiencies in domesticdemand by exporting, i. e., by using the purchasing power of other countries. Nowadays,both strategies are becoming obsolete due to changed world circumstances and due toglobal imbalances created by its application. There are huge inequalities in the distributionof benefits from world trade, as well as between capital and labour. Those imbalancescreate different political and economic problems among countries and regions that makeit hard to find common and prompt answers both to the global crisis and to the neededreconstruction of the international economic order.
author Ibarra Muñoz, David; Universidad Nacional Autónoma de México
spellingShingle Ibarra Muñoz, David; Universidad Nacional Autónoma de México
Evanescent World Development
author_facet Ibarra Muñoz, David; Universidad Nacional Autónoma de México
author_sort Ibarra Muñoz, David; Universidad Nacional Autónoma de México
title Evanescent World Development
title_short Evanescent World Development
title_full Evanescent World Development
title_fullStr Evanescent World Development
title_full_unstemmed Evanescent World Development
title_sort evanescent world development
publisher Facultad de Economía
publishDate 2015
url http://www.revistas.unam.mx/index.php/ecu/article/view/47057
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article47057oai
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