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The Discursive Construction of Global Economic Strategies in Turbulent Times

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  • Mustafa Ar

Abstract

The trajectory of global economy in the first quarter of the twenty-first century was intercepted by the financial meltdown. State leaders advanced their arguments on the issue. Consequently, discourse as a particular moment of economic practices plays a salient role in the social processes of reconstructing a new global economy. The crisis has given rise to a scientific inquiry concerning the interface between the discursive process and social material process in manifesting the global economy. By referring to critical discourse analysis as a transdisciplinary research approach, this paper attempts to identify the global economic strategies and how these strategies are discursively constituted in economic texts during the global financial market crises of 2008-2011. One newspaper Opinion-Editorial article and four political economic speeches by state leaders provide resources of data for the study. The paper identifies three crucial global economic strategies discursively constructed in the social material processes of global economy in turbulent times. These economic strategies are embedded within practical arguments on the current global economic situation, value assumptions, and lexical choices.

Suggested Citation

  • Mustafa Ar, 2016. "The Discursive Construction of Global Economic Strategies in Turbulent Times," International Journal of Social Science Studies, Redfame publishing, vol. 4(10), pages 1-15, October.
    • Handle: RePEc:rfa:journl:v:4:y:2016:i:10:p:1-15
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    References listed on IDEAS

    as
    1. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 563-580, July.
    2. Hahnel, Robin, 2015. "The ABCs of Political Economy," University of Chicago Press Economics Books, University of Chicago Press, number 9780745334981, July.
    3. Hahnel, Robin, 2015. "The ABCs of Political Economy," University of Chicago Press Economics Books, University of Chicago Press, number 9780745334974, April.
    4. Donna Lee & Nicola Smith, 2010. "Small State Discourses in the International Political Economy," Third World Quarterly, Taylor & Francis Journals, vol. 31(7), pages 1091-1105.
    5. Werner Antweiler & Brian R. Copeland & M. Scott Taylor, 2001. "Is Free Trade Good for the Environment?," American Economic Review, American Economic Association, vol. 91(4), pages 877-908, September.
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    Cited by:

    1. Mustafa Ar, 2018. "The Discursive Construction of National Identity in Speeches of Wen Jiabao in Response to the 2008©¤2011 Global Financial-Economic Recessions," Studies in Media and Communication, Redfame publishing, vol. 6(1), pages 41-52, June.

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    More about this item

    Keywords

    discourse; global economy; critical discourse analysis; transdisciplinary dialogue; competition; reform; turbulent times;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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