...The Globalization of International Financial Markets: What Can History Teach Us?* Michael D. Bordo Rutgers University and NBER Paper prepared for the conference “International Financial Markets: The Challenge of Globalization.” March 31, 2000. Texas A and M University, College Station Texas. * For valuable research assistance, I thank Antu Murshid. 1. Introduction Globalization has become the buzz word of the new millennium. It is viewed as the cause of many of the world’s problems as well as a panacea. The debate over globalization is manifest both in public demonstrations against the WTO in Seattle in the Fall of 1999 and the IMF and World Bank earlier. It also has led to a spate of scholarly and not so scholarly books on the subject.1 Until three years ago the consensus view among economists on the issue of the international integration of financial markets was very positive. The benefits of open capital markets stressed include: optimal international resource allocation; intertemporal optimization; international portfolio diversification and discipline on policy makers.2. However, the recent spate of crises in Latin America and Asia has led some to argue that the costs of complete liberalization of financial markets for emerging countries may outweigh the benefits.3 The paper focuses on the globalization of financial markets from the historical perspective of the past 120 years. In Section 2, I summarize the empirical evidence on the international integration of financial...
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...Paris signed on December 10th 1898, Spain relinquished its remaining colonial territories in the Caribbean and the Pacific. The disaster evoked heavy criticism of the Restoration government and its inherent corruption amongst many groups within Spanish society and served as a catalyst for the emergence of new political forces seeking to contest against the ruling oligarchy, most notably Catalan and Basque nationalism. This essay will argue that the disaster of 1898 was largely accountable for the growth of this nationalist sentiment in Catalonia and the Basque country. However, it will go on to assert that it was not wholly responsible: Catalanism had been built upon a steadily growing tide of Catalan particularism throughout the nineteenth century, and in the Basque Country its growth was ephemeral and would in fact enter a period of a more accelerated development during the years of the First World War. In Catalonia, friction had long existed between its regional demands and the centralising mission of the Spanish state. This tension had grown as a process of modernisation encouraged by industrial development in Catalonia had widened the cultural and economic gap between it and a stagnant central and southern Spain characterised by an agrarian subsistence economy. However, Catalan industry maintained great reliance on the Spanish state for the protection of its economic interests. It provided the framework with which Catalonian manufacturers could exploit the domestic market...
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...GLOBALIZATION BACKLASH AND THE RISE OF ANTI-HEGEMONIC PARTY STATES Diego Olstein Hebrew University of Jerusalem Contents Introduction: Globalization and Anti-Hegemonic Party State………………………………..5 Part I: Principle Chapter 1: Defining Anti-Hegemonic Party State………………………………………………….18 Chapter 2: Anti-Hegemonic Party State and Domestic Features of Political Regimes…………………………………………………………………………………………… 44 Chapter 3: Anti-Hegemonic Party State and Exogenous Perspective on Political Regimes……………………………………………………………………………………………75 Part II: History Chapter 4: The Global Rise of Anti-Hegemonic Party States and Globalization Backlash 1917-1945...…………………………………………………………….91 Chapter 5: The Big Leap of Anti-Hegemonic Party States: The Second Wave 1946-1975…………………………………………………………………………………………………………………111 Chapter 6: Globalization Anew and the Marginalization of Anti-Hegemonic Party States 1976-2010………………………………………………………142 Conclusions Introduction: Globalization and Anti-Hegemonic Party State In 1997 the European Commission defined Globalization “as the process by which markets and production in different countries are becoming increasingly interdependent due to the dynamics of trade in goods and services and flows of capital and technology. It is not a new phenomenon but the continuation...
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...E SSAYS ON TWENTIETH-C ENTURY H ISTORY In the series Critical Perspectives on the Past, edited by Susan Porter Benson, Stephen Brier, and Roy Rosenzweig Also in this series: Paula Hamilton and Linda Shopes, eds., Oral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda Lerner, Fireweed: A Political Autobiography Allida M. Black, ed., Modern American Queer History Eric Sandweiss, St. Louis: The Evolution of an American Urban Landscape Sam Wineburg, Historical Thinking and Other Unnatural Acts: Charting the Future of Teaching the Past Sharon Hartman Strom, Political Woman: Florence Luscomb and the Legacy of Radical Reform Michael Adas, ed., Agricultural and Pastoral Societies in Ancient and Classical History Jack Metzgar, Striking Steel: Solidarity Remembered Janis Appier, Policing Women: The Sexual Politics of Law Enforcement and the LAPD Allen Hunter, ed., Rethinking the Cold War Eric Foner, ed., The New American History. Revised and Expanded Edition E SSAYS ON _ T WENTIETH- C ENTURY H ISTORY Edited by ...
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...Wiki Loves Africa: share African cultural fashion and adornment pictures with the world! Fascism From Wikipedia, the free encyclopedia For the original version of the ideology developed in Italy, see Italian Fascism. For the book edited by Roger Griffin, see Fascism (book). "Fascist" redirects here. For the insult, see Fascist (insult). Part of a series on | Fascism | | Core tenets[show] | Topics[show] | Ideas[show] | People[show] | Literature[show] | Organizations[show] | History[show] | Lists[show] | Variants[show] | Related topics[show] | * Fascism portal * Politics portal | * v * t * e | Fascism /ˈfæʃɪzəm/ is a form of radical authoritarian nationalism[1][2] that came to prominence in early 20th-century Europe. Influenced by national syndicalism, fascism originated in Italy during World War I, in opposition to liberalism, Marxism, and anarchism. Fascism is usually placed on the far-right within the traditional left–right spectrum.[3][4] Fascists saw World War I as a revolution. It brought revolutionary changes in the nature of war, society, the state, and technology. The advent of total war and total mass mobilization of society had broken down the distinction between civilian and combatant. A "military citizenship" arose in which all citizens were involved with the military in some manner during the war.[5][6] The war had resulted in the rise of a powerful state capable of mobilizing millions of people to serve on the front lines or provide economic...
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...[pic][pic] [pic][pic] Top of Form [pic] Bottom of Form Syllabus | Exams | Websites | Resources | Glossary | Teachers Modern History Home > Modern History > International Studies in Peace and Conflict > The Cold War 1945-1991 > Overview of US-Soviet relations and the Cold War The Cold War 1945-1991 Overview of US-Soviet relations and the Cold War David Mclean Charles Sturt University Principal Focus: Students investigate key features and issues in the history of the Cold War 1945 - 1991 Outcomes Students: H1.1 describe the role of key features, issues, individuals, groups and events of select twentieth-century studies (Extract from Modern History Stage 6 Syllabus Board of Studies NSW 2004.) Key features and issues: • origins and development of the Cold War • influence of ideologies on the Cold War • impact of crises on changing superpower relations • the arms race • reasons for the end of the Cold War This is the transcript of a talk given at a seminar co-sponsored by the History Teachers’ Association of New South Wales and the US Information Service in Sydney on 2 September 1995. From this tutorial you will learn about: • influence of ideologies that led resulted in the division of the world into two opposed camps from 1945 • emerging differences between the superpowers Contents 1. US – Soviet relations were not synonymous with the Cold War 2. Chronology of the Cold War 3. Influence of ideologies of communism and capitalism on the Cold...
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...Beyond Consumerism: New Historical Perspectives on Consumption Author(s): Frank Trentmann Source: Journal of Contemporary History, Vol. 39, No. 3 (Jul., 2004), pp. 373-401 Published by: Sage Publications, Ltd. Stable URL: http://www.jstor.org/stable/3180734 . Accessed: 21/03/2011 08:15 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at . http://www.jstor.org/action/showPublisher?publisherCode=sageltd. . Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Sage Publications, Ltd. is collaborating with JSTOR to digitize, preserve and extend access...
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...‘Winning the vote made little difference to women’s status in political life.’ Discuss. It is true that the mere winning of the vote for women made little immediate difference to their status in political life, and yet, it was a necessary beginning to establishing and later asserting their power. As the great suffragist Millicent Garrett Fawcett stated, women’s suffrage did ‘not in itself represent any extensive change for it would come as a necessary corollary of other changes’. From 1918 onwards, while the limited suffrage opened by the Representation of the People Act provided the vehicle for the changes British women desired to see in their society, feminists and people with an interest in women’s issues were well aware that much work had to be done in order to contribute to their progression in political life. This essay will begin with a brief summary of the state of women prior to 1918, as well as the aspirations and expectations of suffragists and anti-suffragists. Following this, it will describe how women were subsequently viewed as voters and political leaders by others of their sex, men, and the various political parties. The essay will assess how women sought to secure their interests, both politically and socially, and which methods were most effective. While significant changes for women did not happen quickly or immediately, this essay seeks to communicate the optimistic view that with time and the on-going determined efforts of feminists and other interested...
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...The term “modern” in everyday language means contemporary, new, the latest thing. When we talk about “Modernism” term, modernism is a literary and cultural international movement which flourished in the first decades of the 20th century. It was an intellectual movement and a change that defined itself as the latest thing. During Modernism it seemed like religion and culture fell apart. In modernism people tried to reject tradition and tried new things. This period was marked by large technological advances such as invention of new building material, cars, speed and locomotion. Although modernism brought up innovative and experimental changes, this time period witnessed the First World War and the Great Depression. Those events led people to feel a sense of loss and uncertainty. When it comes to literature, experimentation with the form was another defining characteristic of modernism is not a term that can be described in single term. It may be applied both to the content and to the form of a work, or to either in isolation. It reflects a sense of cultural crisis which was both, exciting and scary. Modernism opened up a whole new pallet of human possibilities at the same time as putting into question any previously accepted means of grounding and evaluating new ideas. “Modernism is marked by experimentation, particularly manipulation of form, and by the realization that knowledge is not absolute.” (Ciaffaroni, 2009). While New York City is in the middle of a heat wave, the residents...
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...PAPER 28 THE HISTORY OF THE INDIAN SUBCONTINENT FROM THE LATE EIGHTEENTH CENTURY TO THE PRESENT DAY READING LIST: 2012-13 C. A. Bayly cab1002@cam.ac.uk 1 The History of The Indian Subcontinent From The Late Eighteenth Century To The Present Day A fifth of the world's population lives in the Indian subcontinent. While today the region’s place in the global world order is widely recognised, this is in fact only the most recent chapter in a longer history. This paper offers an understanding of the part played by the Indian subcontinent role and its people in the making of the modern world. From the decline of the great empire of the Mughals and the rise of British hegemony, to the rise of nationalism, the coming of independence and partition, the consolidation of new nation states despite regional wars and conflicts, and the emergence of India as the largest democracy in the world, this paper is a comprehensive and analytical survey of the subcontinent's modern history. The dynamic and complex relationships between changing forms of political power and religious identities, economic transformations, and social and cultural change are studied in the period from 1757 to 2007. In normal circumstances students will be given 6 supervisions in groups of 1 or 2. Key themes and brief overview: The paper begins by examining the rise of British power in the context of economic developments indigenous to southern Asia; it analyses the role played by Indian polities and social groups...
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...Labor Unions in the United States Posted Mon, 2010-02-01 17:21 by Anonymous Gerald Friedman, University of Massachusetts at Amherst Unions and Collective Action In capitalist labor markets, which developed in the nineteenth-century in the United States and Western Europe, workers exchange their time and effort for wages. But even while laboring under the supervision of others, wage earners have never been slaves, because they have recourse from abuse. They can quit to seek better employment. Or they are free to join with others to take collective action, forming political movements or labor unions. By the end of the nineteenth century, labor unions and labor-oriented political parties had become major forces influencing wages and working conditions. This article explores the nature and development of labor unions in the United States. It reviews the growth and recent decline of the American labor movement and makes comparisons with the experience of foreign labor unions to clarify particular aspects of the history of labor unions in the United States. Unions and the Free-Rider Problem Quitting, exit, is straightforward, a simple act for individuals unhappy with their employment. By contrast, collective action, such as forming a labor union, is always difficult because it requires that individuals commit themselves to produce "public goods" enjoyed by all, including those who "free ride" rather than contribute to the group effort. If the union succeeds, free riders...
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...The Edexcel International GCSE in History Schemes of work We are happy to provide these new enhanced schemes of work for you to amend and adapt to suit your teaching purposes. We hope you find them useful. Practical support to help you deliver this specification Schemes of work These schemes of work have been produced to help you implement this Edexcel specification. They are offered as examples of possible models that you should feel free to adapt to meet your needs and are not intended to be in any way prescriptive. It is in editable word format to make adaptation as easy as possible. These schemes of work give guidance for: * Content to be covered * Approximate time to spend on different key themes * Ideas for incorporating and developing the assessment skills related to each unit. Suggested teaching time This is based on a two year teaching course of five and a half terms with one and a half hours of history teaching each week. This would be a seventy week course with total teaching time of approximately 100 hours. The schemes suggest the following timescale for the different sections: * Paper 1: 20 hours for each of the two topics: Total 40 hours. * Paper 2 Section A: 20 hours for the topic: Total 20 hours. * Paper 2 Section B: 25 hours for the topic since it covers a longer period in time. Total 25 hours. * Revision: 15 hours. Possible options for those with less teaching time * 20 hours for Section Paper 2 Section B ...
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...THE CAUSES OF AMERICAN BUSINESS CYCLES: AN ESSAY IN ECONOMIC HISTORIOGRAPHY Peter Temin* This paper surveys American business cycles over the past century. Its task is to identify the causes of these cycles; other papers in this collection address the nature of policy responses to these causes. This paper can be seen as a test to discriminate between two views of the American economy. The first is expressed in a characteristically vivid statement by Dornbusch, who proclaimed recently: “None of the U.S. expansions of the past 40 years died in bed of old age; every one was murdered by the Federal Reserve” (Dornbusch 1997). This stark view can be contrasted with its opposite in the recent literature: “[N]one of the popular candidates for observable shocks robustly accounts for the bulk of business-cycle fluctuations in output” (Cochrane 1994, p. 358). I expand the time period to consider the past century, but it is easy to distinguish the past 40 years, that is, the period since World War II. A survey of business cycle causes over an entire century runs into several problems, of which three seem noteworthy. First, it is not at all clear what “cause” means in this context. Second, the Great Depression was such a large cycle that it cannot be seen as just another data point. Third, the survey relies on the existing literature on business cycles, which is why I have entitled it an essay in economic historiography. The paper proceeds by discussing each of these problems in turn, then...
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...from A Bibliography of Literary Theory, Criticism and Philology http://www.unizar.es/departamentos/filologia_inglesa/garciala/bibliography.html by José Ángel García Landa (University of Zaragoza, Spain) History of English General Bambas, Rudolph C. The English Language: Its Origin and History. Norman: U of Oklahoma P, 1980.* Barber, Charles. The Story of Language. _____. The English Language: A Historical Introduction. (Cambridge Approaches to Linguistics). Cambridge: Cambridge UP, 1993. Rpt. Cambridge UP-Canto, c. 2000.* (Rev. version of The Story of Language). Baugh, A. C. A History of the English Language. London: Routledge & Kegan Paul, 1951. 1952. 1954. 1956. 2nd ed. London: Routledge & Kegan Paul, 1959. 1960. 1962. 1963. 1965. 1968. 1971. 1974. 1976. Baugh, A. C., and Thomas Cable. A History of the English Language. 3rd. ed: London: Routledge & Kegan Paul, 1978.* _____. A History of the English Language. 4th ed. London: Routledge, 1993. 1993. 1994. 996. 1997. 2000. 2001. 2002. _____. A History of the English Language, Fifth Edition. Englewood Cliffs: Pearson Education-Prentice Hall, 2002; London: Routledge, 2002.* _____. A History of the English Language. London: Taylor and Francis-Routledge, 2010. Bex, Tony. "2. A (Very Brief) History of English." In Bex, Variety in Written English: Texts in Society /Societies in Text. (Interface). London: Routledge, 1996. 30-50.* Blake, Norman F. A History of the English Language. London: Macmillan, 1996. Rpt...
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...HISTORY OF ENGLISH General Bambas, Rudolph C. The English Language: Its Origin and History. Norman: U of Oklahoma P, 1980.* Barber, Charles. The Story of Language. _____. The English Language: A Historical Introduction. (Cambridge Approaches to Linguistics). Cambridge: Cambridge UP, 1993. Rpt. Cambridge UP-Canto, c. 2000.* (Rev. version of The Story of Language). Baugh, A. C. A History of the English Language. London: Routledge & Kegan Paul, 1951. 1952. 1954. 1956. 2nd ed. London: Routledge & Kegan Paul, 1959. 1960. 1962. 1963. 1965. 1968. 1971. 1974. 1976. Baugh, A. C., and Thomas Cable. A History of the English Language. 3rd. ed: London: Routledge & Kegan Paul, 1978.* _____. A History of the English Language. 4th ed. London: Routledge, 1993. 1993. 1994. 996. 1997. 2000. 2001. 2002. _____. A History of the English Language, Fifth Edition. Englewood Cliffs: Pearson Education-Prentice Hall, 2002; London: Routledge, 2002.* _____. A History of the English Language. London: Taylor and Francis-Routledge, 2010. Bex, Tony. "2. A (Very Brief) History of English." In Bex, Variety in Written English: Texts in Society /Societies in Text. (Interface). London: Routledge, 1996. 30-50.* Blake, Norman F. A History of the English Language. London: Macmillan, 1996. Rpt. Palgrave.* Bloomfield, M. W., and L. Newmark. A Linguistic Introduction to the History of English. New York: Knopf, 1963. _____. A Linguistic Introduction to the History of English.. Connecticut: Greenwood...
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