A World Economy

José A. Tapia ()
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José A. Tapia: Drexel University

Chapter Chapter 5 in Six Crises of the World Economy, 2023, pp 105-117 from Springer

Abstract: Abstract Among authors who favor the world-system theoryworld-system theory, in which theworld economy world economy is the key component, there are major differences in the dating of the birth of a global economic system or world-system or world economy. In this chapter these differences are presented and discussed. The notion of world economy is a historical construct that undoubtedly has in recent decades a validity that could be arguable for former periods. The chapter discuss the notion of world governance, or governance of the world economy, a notion considered as very important by authors trying to ascertain what are the tools to promote economic development and stability at the global level.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-38735-7_5

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DOI: 10.1007/978-3-031-38735-7_5

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