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Economic Stagnation and the Stagnation of Economics
Monthly Review, 1971The New York Times carried a page-one, column-eight story in its issue of March 6th under the headline, "Rate of Jobless Fell in February for a 2nd Month." On the face of it this would appear to be good news: the job situation, after worsening steadily for a whole year, is apparently beginning to improve.
Paul M. Sweezy, Harry Magdoff
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Haiti’s economic stagnation will endure
Emerald Expert Briefings, 2023Significance Negative growth was seen across all major sectors, including agriculture, services and construction. On the demand side, the situation remains grim, with private investment showing no signs of recovery, having suffered persistently negative growth since 2020. Impacts
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The Economics of Japan’s Stagnation [PDF]
Business Economics, 2014 The Japanese economy has been mired in subdued growth and deflation for more than two decades. This paper describes the key economic facts and features of Japan’s decades of stagnation. It discusses why long-term Japanese government bonds’ nominal yields have stayed very low in spite of elevated government debt ratios and chronic fiscal deficits.
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2020
Abstract If the first years of the Revolution were years of continued prosperity for Atlantic commerce, after 1792 the war and the insurrection in Saint-Domingue spread gloom and despair among merchants and shipping companies. As in previous wars, merchants turned to a series of expedients: opening up trade to independent merchants ...
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Abstract If the first years of the Revolution were years of continued prosperity for Atlantic commerce, after 1792 the war and the insurrection in Saint-Domingue spread gloom and despair among merchants and shipping companies. As in previous wars, merchants turned to a series of expedients: opening up trade to independent merchants ...
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Laos: Mired in Economic Stagnation?
Southeast Asian Affairs 2003, 2003Introduction By most accounts, 2002 was a politically quiet year for Laos. Unlike previous years, there were no student protests or bomb explosions in the capital, Vientiane, and no reported rebel raids against army and police outposts. President Khamtay Siphandone's government grip on power appeared absolute with no open dissent in the ranks ...
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Political Stability and Economic Stagnation
1998The evolution of macroeconomic policies in Latin America since the early 1970s has been by any standard remarkable, even if in some countries observers are not entirely sanguine about the sustainability of the macroeconomic reforms. Only in a few countries, however, has growth matched the vigour with which governments have attacked macroeconomic ...
Philip Keefer, Stephen Knack
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2018
Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ is often used by economists to describe long-term stagnation and deflation.
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Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ is often used by economists to describe long-term stagnation and deflation.
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2002
Before the onset of Japan’s contemporary economic crisis, economic performance was unsurpassed in terms of growth rates, equity or resilience to external shocks. There were many factors that contributed to Japan’s bubble economy, including a determined official push to move the economy from excessive dependence on foreign demand to reliance on domestic
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Before the onset of Japan’s contemporary economic crisis, economic performance was unsurpassed in terms of growth rates, equity or resilience to external shocks. There were many factors that contributed to Japan’s bubble economy, including a determined official push to move the economy from excessive dependence on foreign demand to reliance on domestic
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Military Spending and Economic Stagnation
American Journal of Sociology, 1973Baran and Sweezy's analysis of the role of military spending in preventing economic stagnation in monopoly capitalist countries is tested with data from the 18 wealthiest capitalist countries. According to the Baran-Sweezy theory, the greater the role of military spending in an economy, the lower should be the level of unemployment and the more rapid ...
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