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The world system’s mutational crisis and the emergence of the new globalization

Author

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  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

Abstract

This presentation examines the evolution of world capitalism after World War II by proposing a framework for understanding the emerging new globalization. It initially distinguishes the four development phases from 1945 to date and then presents converging theorizations of the new globalization. This critical review concludes that the previous regime has structurally matured, giving way to a framework characterized by increased instability and expected consequential crises in socioeconomic terms. A new perception of regionalization also shows that it shifts the existing regime of world development.

Suggested Citation

  • Chatzinikolaou, Dimos & Vlados, Charis, 2022. "The world system’s mutational crisis and the emergence of the new globalization," DUTH Research Papers in Economics 4-2022, Democritus University of Thrace, Department of Economics.
  • Handle: RePEc:ris:duthrp:2022_004
    Note: In B. Lamotte (Ed.), XLIe Journées de l'Association d'économie sociale « Économie sociale et crises du XXIe siècle » [41st Annual Meeting of Association d’ Économie Sociale (AÉS), Social Economy and 21st Century Crises], 8-9 September 2022 (pp. 163-192). Grenoble, France, Centre of Research in Economics of Grenoble (CREG): L’Harmattan. ISBN: 9791090293694. https://www.editions-harmattan.fr/livre-economie_sociale_et_crises_du_xxie_siecle_xlie_journees_de_l_association_d_economie_sociale_grenoble_08_et_09_septembre_2022-9791090293694-74334.html
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    More about this item

    Keywords

    new globalization; economic development; economic crisis; new regionalization; innovation;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other

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