The Age of Globalization (2000–2020): The Seeds of Instability

Ahmet Akarli ()
Additional contact information
Ahmet Akarli: London School of Economics

Chapter Chapter 5 in A Modern Economic History of Emerging Markets (1950–2020), 2024, pp 209-244 from Palgrave Macmillan

Abstract: Abstract The Age of Globalization generated its own economic contradictions. The GFC marked an important inflection point, as the financial excesses unleashed by the crisis resulted in large scale economic inefficiency and retardation of EME income convergence processes, from the late 2010s onwards, most notably in China. The COVID-19 pandemic further aggravated these problems leaving EMEs more susceptible to adverse shocks. In fact, the current EME conjuncture appear to carry parallels with the late 1970s and the early 1980s, a period of deepening economic stagnation, imbalance and financial excess.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-031-55210-6_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031552106

DOI: 10.1007/978-3-031-55210-6_5

Access Statistics for this chapter

More chapters in Palgrave Studies in Economic History from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().