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Searching for a new global development trajectory after COVID-19

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  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

Abstract

A growing number of policymakers and scholars refer to the current COVID-19 pandemic crisis as a turning point in the evolution of globalisation. Following these interpretations, a relative theoretical deficiency in analysing the contour of the newly emerging global development perspective is identified. We explore the post-war evolution of world capitalism (from World War II and beyond), focusing on the following pillars: the formation of international regimes, the generation of main types of innovation, and the successive articulation of world development and crisis phases. The current transition period of the post-COVID-19 era constitutes, in its essence, a mutational crisis of the global accumulation regime and mode of regulation, accelerating the transition towards a 'new globalisation'. The generation and application of functional, institutional, and organically perceived business innovation seems to constitute the main component for a sufficiently re-stabilised new global development trajectory

Suggested Citation

  • Chatzinikolaou, Dimos & Vlados, Charis, 2022. "Searching for a new global development trajectory after COVID-19," DUTH Research Papers in Economics 2-2022, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2022_002
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    Keywords

    global development model; globalisation; new globalisation; capitalist crisis; socioeconomic transition; innovation; 2008 financial crisis; 2020 pandemic crisis; economic development;
    All these keywords.

    JEL classification:

    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment

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