World Turned Upside Down? Rise of the global South and the contemporary global financial turbulence

  title={World Turned Upside Down? Rise of the global South and the contemporary global financial turbulence},
  author={Ravi Arvind Palat},
  journal={Third World Quarterly},
  pages={365 - 384}
  • R. Palat
  • Published 1 April 2010
  • Economics
  • Third World Quarterly
Abstract By focusing on the consequences of the dismantling of regulations over the financial sector, the current debate on the causes of the global economic meltdown obscures the cyclical occurrence of speculation in capitalism, as the accumulation of more capital than can be profitably invested in the production and sale of commodities results in financial expansion. Historically financial expansion has signalled the end of one world-scale system of accumulation and the transition to a new… 
Recasting the Power Politics of Debt: structural power, hegemonic stabilisers and change
Abstract The 2007–08 financial crisis exposed and exacerbated the debt pathologies of the West. This paper examines whether the new global debt relations that have been generated by this crisis have
Much ado about nothing? World-historical implications of the re-emergence of China and India
China and India's increasing prominence in the world economy has not been accompanied by an equally prominent role for them in world politics. The opening up of the two giant trans-Himalayan
The course begins with a caution about the problematic nature of the term development and changing conceptions of gender and development. It then studies the impact of the global crisis and the rise
Race, Nature, and Accumulation: A Decolonial World-Ecological Analysis of Indian Land Grabbing in the Gambella Province of Ethiopia
This dissertation situates the post-crisis phenomenon of large-scale agricultural land acquisition, otherwise known as the global land grab, within the longue duree of the capitalist worldecology. It
Zur Herrschaftssoziologie und Geopolitik der Krise: Perspektiven einer historisch materialistischen Internationalen Politischen Ökonomie
ZusammenfassungDer Artikel skizziert die zentralen Diskussionsstränge der historisch materialistischen Internationalen Politischen Ökonomie (hm IPÖ) zur aktuellen Finanz- und Wirtschaftskrise. Die hm
Potencias (re)emergentes hacia un mundo policéntrico: Rusia y Turquía frente a América Latina
Durante los ultimos anos, la politica mundial ha sido testigo de un desplazamiento dual del eje geoeconomico desde Occidente hacia Oriente, y desde el Norte desarrollado hacia el Sur Global; ademas
Future health spending forecast in leading emerging BRICS markets in 2030: health policy implications
India and Russia are highly likely to maintain stable total health spending as a percentage of GDP until 2030, and China, as a major driver of global economic growth, will be able to significantly expand its investment in the health sector across an array of indicators.


Rise of China and the global overaccumulation crisis
ABSTRACT This paper assesses the sources of potential instability of China's political economy by expositing the limits of the post-Mao regime of capital accumulation in historical and comparative
The rise of China and the demise of the capitalist world-economy
In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a simultaneously wide-open and tightly controlled market
The Great Financial Crisis: Causes and Consequences
In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest
Past, present and future of China: From semi-colony to world power?
Abstract This article raises serious methodological, conceptual, historical and empirical questions concerning the notion of China as the next world superpower. The most dynamic sector of growth is
The Twilight of Chimerica? China and the collapse of the American model
�Chimerica� illustrates the interactions between a Chinese model of high savings, overinvestment and export-led growth and the American model of leverage investment, credit consumption and
East Asia and the Global Economy: Japan’s Ascent, with Implications for China’s Future
After World War II, Japan reinvented itself as a shipbuilding powerhouse and began its rapid ascent in the global economy. Its expansion strategy integrated raw material procurement, the redesign of
Steering out of crisis
The global financial and economic crisis is of such magnitude that 2008 will probably be looked back upon as a turning point equivalent to 1945, 1971 and 1989. The silver lining is that the crisis
China, Capitalist Accumulation, and Labor
Most economists continue to celebrate China as one of the most successful developing countries in modern times. We, however, are highly critical of the Chinese growth experience. China's growth has
The International Implications of China's Fledgling Regulatory State: From Product Maker to Rule Maker
The principal analytical lens through which Western decision makers and commentators have viewed China’s rapid rise in the international economy is the country’s impact on global market prices. China
We have long been looking for a book on the new China, the nation that in 25 years has changed beyond all recognition, becoming an industrial powerhouse for the world. James Kynge, China Bureau Chief