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Kondratieff (K-) Waves in the Modern World System

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  • Modelski George
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    Abstract

    Contemporary Kondratieff wave studies show two tendencies: one, a macroeconomic analysis that maps long trends of prosperity and depression with GDP data, but second, a sectoral approach that traces the influence of K-waves of basic innovations, and the rise of a succession of leading industrial and/or commercial sectors on the emergence of a global economy. What is more, K-waves are a not stand-alone feature of the modern world system but one in a cascade of processes that have shaped its emergence. They stand in a close relationship with world politics, democratization, and globalization. An interesting question yet to be answered concerns the character of the next, K20, wave.

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    Bibliographic Info

    Paper provided by Socionet in its series Macroeconomics with number emanova_elena.12760-kwavesworldsyst.

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    Length: 12
    Date of creation: 28 Feb 2013
    Date of revision:
    Handle: RePEc:nos:wuwpma:emanova_elena.12760-kwavesworldsyst

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    Keywords: Kondratieff wave; GDP data; global economy; trends of prosperity;

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