Financialization and the World Economy

TL;DR: In den 1980er Jahren wurden diese Veranderungen gemeinhin noch unter dem Begriff der Globalisierung beschrieben.

TL;DR: In this paper , a case study of the Thames Tideway Tunnel, the UK’s largest water and sewerage infrastructure project since the privatization of the industry in 1989, is presented, where two distinct ways that projects can interact with formal institutions: institutional compliance and institutional change.

TL;DR: In this paper, the authors consider both the positive and negative effect of financialization on technological change and provide some policy prescriptions for stabilizing the economy under certain circumstances, such as a faster speed of diffusion of technological innovation, more regulated financial markets, and higher intra-class competition among firms.

TL;DR: In this paper, the authors analyze how banking concentration and financial reorganization have developed during the post-crisis period in Spain and Portugal, highlighting the continuity of three trends related to financial stability in both countries.

TL;DR: The authors showed that the large shocks that capital owners experienced during the Great Depression and World War II have had a permanent effect on top capital incomes and argued that steep progressive income and estate taxation may have prevented large fortunes from fully recovering from these shocks.

TL;DR: In this paper, the authors discuss the role of Bretton-woods and the endorsement of capital controls in the emergence of global finance and the slow and limited move to convertibility.

TL;DR: Greider's seminal bestseller "Secrets of the Temple" as discussed by the authors reveals how the US Federal Reserve operates and manipulates and the world's economy during the last eight crucial years.