PRINCIPLES OF THE NEW MERCANTILISM AND THE CRISIS OF GLOBAL ECONOMY

Dimitri Uzunidis ()

No 236, Working Papers from Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation

Abstract: How to understand the current crisis at the World level? Following Joan Robinson, we present the definition of “new mercantilism”, and explain how mercantilist practices have supported what we commonly call globalization. The current economic crisis can be linked with mercantilist practices: globalization, because of the internal and external barriers that capitalism had to face, has quickly been driven by finance. The latter, supplying the “virtual economy”, has become a cause of depreciation and destruction of capital in excess. What can be the future of the “world economy”? Some paths are presented in conclusion, aiming at opening the discussion.

Keywords: Joan Robinson; New Mercantilism; Globalization; Global Firm; Financialization (search for similar items in EconPapers)
JEL-codes: B50 F59 G01 L12 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2011-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published in Cahiers du Lab.RII, March 2011

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Persistent link: https://EconPapers.repec.org/RePEc:rii:riidoc:236

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