The Effect of 2008 Financial Crisis on the Distribution of Economic Power
Autor: | Amrita Brahmo, Manmohan Agarwal |
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Rok vydání: | 2020 |
Předmět: |
business.industry
05 social sciences Geography Planning and Development Developing country Distribution (economics) 050601 international relations 0506 political science Power (social and political) Market economy World economy Political Science and International Relations Financial crisis 050602 political science & public administration Economics Emerging markets business Economic power |
Zdroj: | International Studies. 57:87-110 |
ISSN: | 0973-0702 0020-8817 |
DOI: | 10.1177/0020881720918966 |
Popis: | There has been considerable debate over whether the USA is losing its stronghold over the world economy and its power declining, giving way to new leadership from the emerging economies (EEs) like China. This article uses the notion of power based on the resources available to a state. It uses a number of measures to measure the resources available to a state and so assess economic power. It finds that there has been a slight decline in the importance of the developed countries and an increase in that of the developing countries (DCs). However, there is a slight decline in the power of the USA. The increase in the importance of developing countries is mainly on account of China. But the changes do not mean that developing countries can get the changes they desire. There is more of a stalemate. |
Databáze: | OpenAIRE |
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