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WORLD SYSTEM (or sth..who cares...😠) (KONDRATIEV WAVES (• Rhythm of…
WORLD SYSTEM (or sth..who cares...😠)
STATE DOMINATION
•
Hegemony in world-system
: capability of imposing rules of game in international system - beneficial to private companies
•
World-empire:
existence of one single political power for the world-system.
KONDRATIEV WAVES
• Rhythm of world-economy: gradual collapse of quasi-monopolies.
• New leading sectors of industry.
• 50-60 years long cycles.
• Phase A – upward and B – downward.
COUNTRIES
SEMI-PERIPHERY
• South Korea
Brazil
India
CORE
USA
WESTERN EURIOE
JAPAN
PERIPHERY
Africa
Kazahstan etc.
Mongolia
REAL WAGE LEVEL
• Increase in wage level in the developed countries.
• Relocation of various sectors of production to lower-wage areas of the world- economy.
SPIRITS
• The spirit of
Davos
: hierarchic and polarized.
• The spirit of
Porto Alegre
: democratic and egalitarian.
• Clash of classes, not regions