World economy essay

The past year has seen a flood of articles commemorating the end of the Cold War, and the fact that "peace" seems to be breaking out in many regions of the world. Most of these analyses lack any larger conceptual framework for distinguishing between what is essential and what is contingent or accidental in world history, and are predictably superficial. Gorbachev were ousted from the Kremlin or a new Ayatollah proclaimed the millennium from a desolate Middle Eastern capital, these same commentators would scramble to announce the rebirth of a new era of conflict.

World economy essay

School of Hieronymus Bosch. After decades of excessive consumerism, this prospect sounded revolutionary. Now that the sharing economy has become mainstream, more critical voices are appearing.

So, what will it be? A revolution or business as usual? The sharing economy is just one part of the collaborative economyas is distributed production, P2P peer-to-peer finance and the open source and knowledge movements.

What these phenomena have in common is their reliance on horizontal networks and distributed power within communities, as opposed to the competition between hierarchical organisations that has dominated economic life since the second industrial revolution.

For a number of reasons I will not detail here but here is a must-read essay about thisI believe this old economic framework is rapidly becoming obsolete.

A new economic paradigm is needed, and this could be the collaborative economy. But still, there are several contradictions in the collaborative economy that are currently becoming most obvious in the sharing economy as it goes mainstream.

They have something to do with inequality.

The End of History? - Francis Fukuyama These three ancient states traded an abundance of raw materials and high-quality manufactured goods, exchanged cultural ideas and practices, and had military conflicts with each other throughout the centuries. Economic history of China before For much of East Asia's history, China was the largest and most advanced economy in the region and globally as a whole.
Empowerment in an era of growing inequalities A peevish, grudging rancor against men has been one of the most unpalatable and unjust features of second- and third-wave feminism.

Empowerment in an era of growing inequalities An economy where people value access over ownership? It sounds — literally — revolutionary. Karl Marx would be thrilled. So, after having believed for centuries that man is wolf to man and having built entire political and economic systems upon this very assumption, it may turn out that we were wrong after all, and that humans are pure, altruistic beings.

Why, then, all this growing discontent towards the so-called sharing economy? Two main groups of criticism have emerged: These two matters are of course related if one is to consider the context in which the sharing economy was born. We are living in the post world, a time when we are not completely sure that capitalism will be able to once more reinvent itself.

What is the most obvious characteristic of our current economic era? Capital distribution is roughly at its pre-WWI levels, which means the 1 percent are doing pretty well.

Such levels of inequality might eventually drive our civilization to collapse. Even Eric Schmidt — the chairman of a company whose private buses are being thrown rocks at by angry impoverished locals in San Francisco — thinks inequality will be number one issue for democracies in the future.

The Sharing Economy: Capitalism’s Last Stand? - Our World

And even the rich and powerful of the world that gathered at the World Economic Forum in Davos — not exactly a group of dangerous leftists — are worried about the growing gap between rich and poor!

So, are we to take the sharing economy seriously? Should you really free yourself from all earthly possessions?

world economy essay

From a collective standpoint, it might well be better to have access to a resource rather than owning it. But if someone asks you to free yourself from all earthly possessions, you should always ask: Back in medieval times, serfs did not own the land they were working on.

In Antiquity, slaves did not even own themselves, for that matter. Sometimes, owning is a way not to be owned! It is quite normal that we are witnessing the beginning of a backlash towards the sharing economy: When I was sitting on the bench at business school, I was told one thing: Employees and customers are but a mean to an end, and in general, a good way to maximize return on investment is to get your customers to pay as much as possible non-price competitiveness and on the other side to pay your employees as little as possible price competitiveness.

Globalization - Wikipedia

And if your business model is based on your ability to sustain a community, it is not absurd to expect a contradiction between your duty to serve your investors a high return on investment and the egalitarian spirit of P2P services.Most Anglo-American readers know Bataille as a novelist.

The Accursed Share provides an excellent introduction to Bataille the philosopher.

world economy essay

Here he uses his unique economic theory as the basis for an incisive inquiry into the very nature of civilization. The economy of Iran is the twenty-fifth largest in the world by GDP (nominal) and the eighteenth largest economy in the world by purchasing power Published: Mon, 20 Aug Previous.

Jun 04,  · Advocates of the world economy suggest that the third world nations in sub-Saharan Africa and Central America follow these examples. However, the relative "success" of the second world nations has come about through cooperation with tyrannical governments and . Mar 09,  · List of good political economy essay topics for students, However, if you are still unsure but trust your resolve to influence ideas and topics on the world’s political economy, then this article will give you interesting topics and ideas, to begin with.

The world is becoming ever more suburban, and the better for it. The trading floor of the New York Stock Exchange just after the crash of On Black Tuesday, October twenty-ninth, the market collapsed.

It’s a Man’s World, and It Always Will Be |