Towards a New World Economic Order

Sorin-George Toma (), Paul Marinescu () and Cosmin ?tefan ()
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Sorin-George Toma: Faculty of Administration and Business, University of Bucharest
Paul Marinescu: Faculty of Administration and Business, University of Bucharest
Cosmin ?tefan: CSOL-UB, University of Bucharest

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 2, 42-45

Abstract: In the XIXth century, the British Empire dominated the world economy. In the last century, the United States of America (USA) became the economic superpower of the world. The US-led post-war world economic order had the following two strong pillars: the principle of fixed parities and US dollar standard and the principle of nondiscrimination and free trade. Also, the Bretton Woods institutions clearly expressed the US post-war dominance of the world economic order. A new economic order is going to be set up in the world, dominated by Asia. The paper aims at presenting an analysis of the old world economic order and the birth of a new order. Our methodological approach is based on a literature review

Keywords: world economic order; United States of America; gross domestic product; China (search for similar items in EconPapers)
JEL-codes: F02 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:2:p:42-45

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