despite the mythology that the global economy with its trade rules creates a ‘level playing field,’ international trade has never involved ‘level players.’ the inequalities in outcomes generated by the more powerful winning more frequently has led to innovative ideas for ex post redistribution to make the matches between the players both fairer, and in the analogy to basketball used by the auth...

this article contends that legitimacy in the exercise of power comes from the consent of those subject to it. in global health, this implies that the participation of poor country citizens is required for the legitimacy of major actors and institutions. but a review of institutions and processes suggests that this participation is limited or absent. particularly because of the complex political...

economic recession is considered as a repeatable and constant phenomenon in capitalist economy. countries which experienced rapid economic growth have inevitably applied a balancing program after that. generally, whenever industrial, financial and commercial developments occurred in a rapid growth, the reverse and changing processes would appear. consequently, they will affect the financial and...

The critical distinction between the technical potential to improve fuel economy and how much of that technical potential is realized .. Summary The Global Fuel Economy Initiative was launched in early 2009. It set a target of improving the average fuel economy (in litre/100km terms) for the global vehicle light-duty vehicle fleet by at least 50% by 2050 (50by50). In terms of miles per gallon t...

In the wake of the global change of a new accumulation regime in major capitalist economies, the opening up and liberalisation process of emerging economies from the 1980s has provoked great expectations that resulted in recurrent disappointing crises. Studied as a stylized fact, the Turkish experience leads us to assess the role of liberalised macroeconomic environment, unsuitable economic pol...

This paper traces the development and structure of the global political economy. After first explaining why politics and economics and inextricably connected, the paper goes on detail how these processes have become global and what impact this is likely to have on states and markets. Introduction It has become something of a cliché to observe that we live in a time of increasing globalisation. ...

The aim of this article is to investigate the dynamic correlation between the Global Economic Policy Uncertainty index (GEPU) and Non-Performing Loans (NPL) in Iran. The relationship between economic uncertainty and banking performance indices is significant because of the systemic importance of banks in every economy. We evaluated this relationship in this developing country, especially under ...