In the present article forecasts of China's upcoming development are given. It is shown why China, even with all its possible future success, will be unable to take the USA's place in the World System. The merits and shortcomings of the characteristics of the modern Chinese economic development model are revealed. The conclusion is made that the Chinese economy, with all its achievements, remains generally extensive and, based on the consumption of excessive numbers of various resources and funds and with respect to the attendant investment gain, will become more and more ineffective. The author believes that it will be impossible to reconstruct the Chinese development model and GDP growth rates will slow down soon.
We find rather strong evidence for the unconditional convergence among all the larger countries comprising the overwhelming majority of the world population and poducing the major part of the world GDP after 1998. These findings are shown to be not as incongruent with the results of the previous convergence research as one may think - the previous research did not deny the convergence phenomenon per se, but rather insisted on its conditionality, whereas we suggest that the worldwide switch from the conditional to the unconditional convergence pattern that we recently observe is accounted for by the point that by the late 1990s all the major developing countries and economies of the world began to satisfy (more or less) the najor conditions of the conditional convergence
The process of globalization undoubtedly contributes to the change and reduction of the scope of state sovereign powers. The list of threats to state sovereignty often includes global financial flows, multinational corporations, global media empires, and the Internet etc. At the same time (note that this point is debated surprisingly little and occasionally), since the end of World War II, increasingly more states have been willingly and consciously limiting their sovereign rights. And what is extremely important, many countries quite often give away some of their sovereign powers voluntarily. In the article, it is argued that the factor of voluntariness in reducing one's own authority is, no doubt, the most important in understanding the future of the state.
There are several reasons for such voluntariness and ‘altruism’, including the fact that such a restriction becomes profitable, as in return the countries expect to gain quite real advantages especially as members of regional and interregional unions. The transformation of sovereignty proceeds somehow almost in all countries. However, it is more characteristic of Western countries.
The formation of the Afroeurasian world-system was one of the crucial points of social evolution, starting from which the social evolution rate and effectiveness increased dramatically. In the present article we analyze processes and scales of global integration in historical perspective, starting with the Agrarian Revolution. We connect the main phases of historical globalization with the processes of the development of the Afroeurasian world-system. In the framework of the Afroeurasian world-system the integration began a few thousand years BCE. In this world-system the continental and supracontinental links became rather developed long before the Great Geographic Discoveries and thus, they could quite be denoted as global (albeit in a somehow limited sense). As some researchers are still inclined to underestimate the scale of those links in the pre-Industrial era, it appears necessary to provide additional empirical support for our statement. It also turns necessary to apply a special methodology (which necessitated the use of the world-system approach). We analyze some versions of periodization of globalization history. We also propose our own periodization of globalization history using as its basis the growing scale of intersocietal links as an indicator of the level of globalization development.
The paper discusses some aspects of integration of different regions and societies in the course of historical globalization. Within historical globalization one can observe a close correlation between such important processes as technological transformations, urbanization, political integration, struggle for political hegemony, etc. In the paper we analyze these correlations to associate historical globalization with phases of expansion. Within the expansion process we point out seven levels from the local level through the planetary one. The most significant changes were associated with crucial technological breakthroughs, or production revolutions, and other related transformations like the Urban Revolution. The latter can be regarded as a phase transition of the Afroeurasian world-system to a qualitatively new level of complexity. There are also several periods which one can define as landmarks in the worldsystem history. The paper also offers some theoretical ideas about cycles of divergence and convergence.
This article analyzes the global causes of the contemporary crisis and the possibilities to eliminate the most acute problems that have generated this crisis. It analyzes both the negative role of the world financial flows and their important positive functions including the ‘insurance’ of social guaranties at the global scale. Оn the one hand, anarchic and extremely rapid development of new financial centers and financial flows contributed to the outbreak of the global financial-economic crisis. The latter was amplified by the non-transparency of many financial instruments, which led to the actual concealment of risks and their global underestimation. On the other hand, new financial technologies decrease risks in a rather effective way, they expand possibilities to attract and accumulate enormous capitals, actors, and markets. The modern financial sector also contributes to the provision of insurance for social funds at the global scale. The participation of pension and insurance funds in financial operations leads to the globalization of the social sphere. Countries poor in capital, but with large cohorts of young population, are involved more and more in a very important (though not quite apparent) process of supporting the elderly portion of the population in the West through the vigorous unification of the world's financial flows, their standardization, and by increasing global mobility and anonymity.
This article presents possible answers, and their respective probabilities, to the question, ‘What are the consequences of the present global crisis in the proximate future of the World System?’ It also attempts to describe the basic characteristics of the forthcoming ‘Epoch of New Coalitions’ and to forecast certain future conditions. Among the problems analyzed in this paper are the following: What does the weakening of the economic role of the USA as the World System centre mean? Will there be a leader in the future World System? Will the deficit of global governance and world fragmentation continue to worsen? How can national sovereignty be transformed?