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I regimi internazionali e l'evoluzione dell'economia globale (International regimes and the evolution of the global economy)

Author

Listed:
  • Paolo Guerrieri

    (PSIA, SciencesPo, Parigi)

  • Pier Carlo Padoan

    (Istituto Affari Internazionali, Roma)

Abstract

La finalita' di questo articolo e' spiegare l'evoluzione di lungo periodo del sistema economico globale dal secondo dopoguerra ad oggi e le alterne fasi di stabilita' e frammentazione che l'hanno caratterizzata. Traendo spunto da un lavoro di Salvatore Biasco e utilizzando un approccio di Economia Politica Internazionale (IPE) l'evoluzione del contesto globale viene suddivisa in quattro sottoperiodi: due caratterizzati dalla presenza di regimi di governance globale, pur profondamente diversi, l'uno negli anni '50 e '60 (Bretton Woods) e l'altro negli anni '90 fino alla crisi globale del 2008-2009 (la Grande Moderazione); e due fasi collocate rispettivamente negli anni '80 (l'Interdipendenza Oligopolistica) e nello scorso decennio (Ristagno Secolare), entrambe caratterizzate da periodi di transizione piu' o meno instabili. Nell'ultima parte dell'articolo vengono formulati diversi scenari di evoluzione dell'economia globale e vengono individuate le condizioni necessarie per frenare la frammentazione in corso. The aim of this article is to explain the long-term evolution of the global economic system from the post-World War II period to the present, and the alternating phases of stability and fragmentation that have characterized it. Drawing on the work of Salvatore Biasco and adopting an International Political Economy (IPE) approach, the evolution of the global context is divided into four sub-periods, two characterized by the presence of global governance regimes, albeit very different, one in the 1950s and 1960s (Bretton Woods) and the other in the 1990s until the global crisis of 2008-2009 (the Great Moderation); and two phases in the 1980s (oligopolistic interdependence) and the last decade (secular stagnation), both characterized by more or less unstable transitions. In the last part of the article, different scenarios for the evolution of the world economy are formulated and the conditions necessary to contain the ongoing fragmentation are identified.

Suggested Citation

  • Paolo Guerrieri & Pier Carlo Padoan, 2023. "I regimi internazionali e l'evoluzione dell'economia globale (International regimes and the evolution of the global economy)," Moneta e Credito, Economia civile, vol. 76(303), pages 235-252.
    • Handle: RePEc:psl:moneta:2023:35
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    File URL: https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/18272/17077
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    References listed on IDEAS

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    More about this item

    Keywords

    Bretton Woods; political economy; global governance; macroeconomic policy coordination; global fragmentation;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy

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