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Principles Of The New Mercantilism And The Crisis Of Global Economy

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  • Dimitri UZUNIDIS

    (Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO)

Abstract

How to understand the current crisis at the World level? Following Joan Robinson, we present the definition of “new mercantilism”, and explain how mercantilist practices have supported what we commonly call globalization. The current economic crisis can be linked with mercantilist practices: globalization, because of the internal and external barriers that capitalism had to face, has quickly been driven by finance. The latter, supplying the “virtual economy”, has become a cause of depreciation and destruction of capital in excess. What can be the future of the “world economy”? Some paths are presented in conclusion, aiming at opening the discussion.

Suggested Citation

  • Dimitri UZUNIDIS, 2011. "Principles Of The New Mercantilism And The Crisis Of Global Economy," Working Papers 236, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    • Handle: RePEc:rii:riidoc:236
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    References listed on IDEAS

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    Cited by:

    1. Belesky, Paul, 2016. "Rice, politics and power: the political economy of food insecurity in East Asia," Thesis Commons hn264, Center for Open Science.
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    More about this item

    Keywords

    Joan Robinson; New Mercantilism; Globalization; Global Firm; Financialization;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • G01 - Financial Economics - - General - - - Financial Crises
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies

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