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.
Original language | English |
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Article number | 3 |
Pages (from-to) | 39-58 |
Number of pages | 19 |
Journal | International Journal of Global Environmental Issues |
DOIs | |
Publication status | Published - 11 May 2022 |
Keywords
- global development model
- globalisation
- new globalisation
- capitalist crisis
- socioeconomic transition
- innovation
- 2008 financial crisis
- 2020 pandemic crisis
- economic development