The world into the 21st century: Globalization, market capitalism and sustainability

Download

858-5046-1-PB.pdf

Date

2016-4

Author

Ege, Aylin
Ege, A.Yavuz

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

293
views

518
downloads

The solution to the economic and political crises of the earlier decades of the 20th century was sought and found in state intervention through planning, as it was the case in many countries. However, towards the end of the century, technological progress and rapid innovations especially in the field of information technologies, have led to the global integration of financial markets and changing trends in many fields such as the rapid increase in international trade and growing interest in regional integrations. 1980s and the aftermath has been the period of rising capitalist market economy, trying to integrate globally. For some, it was a new phase in the world history or rather was the “end of the history”, and globalizing capitalism was going to solve all the problems on earth. Soon it was increasingly realized that the market economy was causing some global problems with fatal consequences such as the climate change. Moreover, with the global crisis originating from the financial markets and spreading to all sectors during the second half of the first decade of the 21st century, it became apparent that the globalizing capitalism was not capable of handling all the problems on earth. The aim of this paper is to analyze some major global problems, their repercussions, their probable future consequences and to discuss policies towards a more livable world.

Subject Keywords

Globalization, Markets, Crisis, Sustainable development, State intervention, World order

URI

https://hdl.handle.net/11511/58207

Journal

METU Studies in Development

Collections

Department of Economics, Article

Suggestions

OpenMETU
Core

The evolution of the idea of development: From developmentalism to financialisation in a comparative perspective Kaynak , Mehtap Tuğba; Göksel, Asuman; Department of Political Science and Public Administration (2020-10-29) This thesis has attempted to show the evolution of the idea of developmentalism starting from the early ideas of developmentalism in 16th century and continuing with the analysis of developmental state from the end of the Second World War to the early 21st century. As the contours of developmentalism shifted from economic protectionism in the 1950s to market liberalisation in the 1980s, there has been a growing literature aiming at revitalizing the role of the state in social and economic transformation in ...
The Possibility of financial crisis in Developing Countries under flexible exchange rate regimes : a multidimensional approach Çolak, Mehmet Selman; Cömert, Hasan; Department of Economics (2012) Many economists and politicians have blamed fixed exchange rate regimes for several crises taking place in developing countries after the 1980s. According to them, since the beginning of the 2000s, widespread implementation of flexible exchange rate regimes and high international reserves have prevented developing countries from experiencing similar catastrophic experiences. This interpretation seems to be misleading. We believe that even flexible exchange rate regimes with high international reserves do no...
The Macroprudential supervision in the aftermath of the 2008 global financial crisis: the US example / Dervişler, Olgu; Yalman, Osman Galip; Department of Political Science and Public Administration (2015) In 2008, the world economies have come across with a severe economic depression which is one of the biggest economic crises in the history. In the aftermath of the 2008 Global Financial Crisis, the role of the surveillance mechanisms on the provision of financial robustness and soundness has been discussed by many scholars. In this period, the significance of monitoring, assessing and controlling the systemic risk has been emphasized by the policymakers. On the other hand, it has become a current issue that...
The dismemberment of Yugoslavia and the emergence of a new interventionism Buldanlıoğlu, Selver; Türkeş, Mustafa; Department of International Relations (2003) This thesis aims to analyse the emergence of a new interventionism in the Post Cold War era characterised by the use of force and political means in order to reconstruct, on a selective basis, the 'failed' or 'disfunctioning' states which experienced economic and political crisis followed by social disturbances and gross human rights abuses. This cycle has become one of the most characteristic features in the post-Cold War international politics. It has become an important instrument in the ensurement of th...
Changing tourism planning framework from holistic comprehensive planning to market-led partial development : the case of South Antalya tourism area Barın, Elçin; Uzun, Cemile Nil; Department of City and Regional Planning (2014) It is an indisputable fact that planning approach has experienced a change accompanied by the economic, political and social restructuring throughout the world since beginning of twentieth century. In line with this process, tourism planning has also witnessed a change as research in this field puts forward. A review of approaches to tourism development planning indicates that economic oriented consideration first changed into a more integrated and comprehensive approach. Then, it is moved to more sustainab...

Citation Formats

A. Ege and A. Y. Ege, “The world into the 21st century: Globalization, market capitalism and sustainability,” METU Studies in Development, pp. 129–156, 2016, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/58207.