2010
DOI: 10.1002/jid.1725
|View full text |Cite
|
Sign up to set email alerts
|

The global recession of 2009 in a long‐term development perspective

Abstract: This paper argues that the global recession of 2009 marks the ending of a global development cycle which began in the early 1950s. The long-wave rhythm of production and prices in the global development cycle is generated by the life cycle of investment and innovation during a technological revolution, related changes in supply and demand for natural resources, and inertia and transformation in the socio-institutional framework within which development takes place. From this perspective, the global recession i… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
19
0
1

Year Published

2010
2010
2024
2024

Publication Types

Select...
10

Relationship

1
9

Authors

Journals

citations
Cited by 37 publications
(20 citation statements)
references
References 43 publications
0
19
0
1
Order By: Relevance
“…Make explicit use of the concept of development and acknowledgment of available frameworks in the link between development and health in the context of globalization. [86][87][88][89] This should promote theories and models that take into account multiple local and international social factors that interplay in the development of any ICT-related solution.…”
Section: Ten Specific Recommendations For Improving the Link Between mentioning
confidence: 99%
“…Make explicit use of the concept of development and acknowledgment of available frameworks in the link between development and health in the context of globalization. [86][87][88][89] This should promote theories and models that take into account multiple local and international social factors that interplay in the development of any ICT-related solution.…”
Section: Ten Specific Recommendations For Improving the Link Between mentioning
confidence: 99%
“…The recession of the early 1990s (associated with the beginning of the Gulf War and resulting spike in oil prices) affected the US economy greatly as well as other economies closely linked with them, such as Canada, Australia, the United Kingdom, as well as Europe and Japan to a lesser degree (McNees, 1992). The more recent recession (associated with the U.S. housing bubble) damaged financial institutions in developed nations around the world (Gore, 2010). In most cases, the declines in CO 2 coincide with little to no growth in income, whereas health and education continue to prosper, resulting in an overall increase in HDI for those time periods.…”
Section: Hdi Methodologymentioning
confidence: 99%
“…Misleading expectations during economic expansions (Gore, 2010) result in overestimated sales, production, and staffing needs. Entering recessions, firms try to stabilize their finances through efficiency measures such as employee layoffs (Latham & Braun, 2011).…”
Section: Supply Strategiesmentioning
confidence: 99%