Tag Archives for democratic capitalism

Rethinking Recovery: Poverty chains and global capitalism

Reorienting value generated within ‘global poverty chains’ is essential to improve the lives of an impoverished world labour force Contemporary global capitalism is characterised by extreme wealth concentration and a rapidly expanding and largely impoverished global labour force. Mainstream institutions such as the World Bank and International Labour Organisation encourage integration into global value chains as a development strategy that, … Continue reading

12 July 2016 by
Categories: Development, Economics, Global crisis, Inequality, Rethinking Recovery, SPERI Comment, trade | Tags: , , , , , , , , , | Leave a comment

How sustainable are the Anglo-American recoveries?

Jeremy Green

While both countries have experienced comparatively strong growth, divergence on the current account ensures that the UK’s situation looks much more perilous Staggering global payments imbalances are a defining feature of contemporary capitalism. From the 1980s, with the emergence of the ‘neoliberal’ phase of capitalism, two major categories of growth model have emerged: debt-led growth models, marked by current-account deficits, … Continue reading

2 February 2016 by
Categories: British growth crisis, Economics, Global crisis, Politics and policy, SPERI Comment, Sustainability, USA | Tags: , , , , , , , , , , , , | Leave a comment