Index

Citation

Prabhakar, A.C. (2016), "Index", The Current Global Recession, Emerald Group Publishing Limited, Leeds, pp. 429-430. https://doi.org/10.1108/978-1-78635-158-620161017

Publisher

:

Emerald Group Publishing Limited

Copyright © 2017 Emerald Group Publishing Limited

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INDEX

Adjustable rate mortgages (ARMs)

, 59, 63, 68

Alibaba (Internet)

, 102

Antagonisms

, 80–86

Anti-Dühring

, 116–118

ARMs. See Adjustable rate mortgages (ARMs)

ASEAN

China-ASEAN trade treaties

, 359

export growth

, 361–362

gateway to

, 360–361

IMF expects

, 280

Austerity

, 54

vs. growth

, 141, 267–268

imposition of

, 31

Australia’s Nine Entertainment

, 100

Baidu (Internet)

, 103

Balance sheet recession

, 45–46

Banks collapse, in United States

, 220

Brazilian economy

, 8

BRICS (Brazil, Russia, India, China and South Africa)

, 214

background of

, 293–296

critical review of

, 317

de-dollarisation, China–Russia economic corridor for

, 313–317

economic growth slowdown in

, 241–243

economic performance in

, 214

endemic inflation

, 317–318

overview of

, 312

to U.S. dominance

, 296–312

Bright Food (Consumer Goods)

, 102

Capital accumulation

, 5

Capital and commodity bubbles

, 385–386

Capital and Theories of Surplus Value (Smith, Adam)

, 110

Capital-exporting country

, 56

Capital flows and bubbles

, 383

Capital formation

, 5

Capital inflows

budget issues in United States

, 246–247

current-account balances

, 243

exchange-rate regimes

, 244

external debt

, 243–244

fiscal policy

, 248–249

foreign reserves

, 244–245

international policy coordination

, 253–254

monetary policy

, 250–253

policy challenges

, 247–248

risks in Euro area

, 245–246

uncertainties

, 246–247

Capitalism

, 78–80

crisis of

, 129–134

and growth

, 178–180

triumph of

, 396

two basic principles of

, 261

Capital-owners and labour

, 6

CCPIT. See China Council for the Promotion of International Trade (CCPIT)

CDO. See Collateralised debt obligations (CDO)

CDS. See Credit default swaps (CDS)

Centralisation

, 73–78

of capital

, 402–403

China

automotive industry

, 335–336

competent Chinese business agency

, 326

currency

, 329–331

development strategy

, 325

dollar dominance

, 330–331

economic slowdown

, 282

external trade

, 342–344

FDI policy

, 344–345

global investments

, 327–328

as great power

, 331

growth and adjustment in

, 380–382

historical facts

, 323–325

hydro-electric project

, 328–329

investment in Nepal

, 351–356

journey from commune to company

, 320–321

labour and welfare

, 338–342

manufacturing facilities

, 331

rural-urban migration

, 321–323

services

, 336–337

steel industry

, 335

tourism

, 337–338

China-Africa deal in

, 2011, 357–358

China-ASEAN trade treaties

, 359

China Council for the Promotion of International Trade (CCPIT)

, 369

China–India trade treaties

, 365

China Investment Corporation (CIC)

governance

, 346–348

holdings

, 351–356

international advisory council

, 348–351

China–Malaysia tie-up

, 362–363

China–Russia trade treaties

, 365–370

China’s diaspora

, 363–364

China–United States trade treaties

, 370–371

China-West Asia and Africa economic tie-up

, 356–357

Chinese economy

, 92

Chinese slowdown, on other developing countries

, 382–383

CIA World Factbook

, 38

Clinton administration

, 64

CNOOC (oil and gas)

, 101

Collateralised debt obligations (CDO)

, 60

Commodity bubble

, 401

Commodity capitals

, 113

Commodity Futures Modernization Act of

, 2000, 67

Commodity price

, 71–72

Communist Manifesto

, 114

Community Reinvestment Act

, 64, 65

Consumer price index (CPI)

, 225

Corruption, Chinese culture of

, 92, 103

Credit default swaps (CDS)

, 67

Crisis

, 31–32

developing nations

, 278–282

in Greece

, 265–266

impacts

, 262

lessons from

, 386–387

Crony capitalism

Chinese companies going global in

, 2014, 100–103

in corruption

, 91

definition of

, 91–93

in developing economies

, 103

greater inequality and poverty

, 104–106

literature

, 93–94

market economy

, 95

neo-classical models

, 91

overview

, 94–95

of United States

, 95–98

Crony Capitalism Index

, 98–100

Current-account balances

, 243

Cyprus market

, 276

DAC. See Development Assistance Committee (DAC)

Dalian Wanda

, 101

Debt crisis spreading

, 271–272

Debt-to-GDP ratio

, 38

Demand-depressing effect

, 58

Depreciation pressures, developing countries

, 231–233

Depression, Keynes’ ideas

, 74–78

Development Assistance Committee (DAC)

, 230

Discipline vs. solidarity

, 268–269

Dollar dominance

, 330–331

Domestic demand

, 15–17

Economic development

, 214

Economic activity, slowdown of

in China

, 282, 382–383

in India

, 282–284

Economic growth

artificial surplus population

, 186–191

capitalism and growth

, 178–180

creative destruction

, 191–193

innovation pessimism

, 177–178

liberating

, 193–197

machine

, 183–186

society of superabundance

, 198–200

stagnation and decline

, 181–183

war, impetus of

, 180–181

Economic justice

, 32

Economic Policy Institute

, 104

Economic recession

, 35, 58

EEU. See Eurasian Economic Union (EEU)

Energy demands

, 278

Enterprise vs. speculation

, 85

Environmental sustainability

, 32

Eurasian Economic Union (EEU)

, 292

European Social Democracy

, 76

European Union (EU)

dilemmas

, 266–267

vs. nations

, 269–270

and world economy

, 259–260

Eurozone growth

, 262–263

Ever-expanding flow

, 107

Exchange-rate regimes

, 244

External shocks

, 240–241

Fairness and equity

, 403–404

Falling real wages

, 57–58

False advertising

, 65

Financial crisis

, 37

Financial innovation and complexity

, 68–70

Financial Institutional Crash of

, 2007–2008, 390

Financial interests, mercy-killing of

, 74

Financial markets crashed

, 274

Fiscal policy

, 248–249

Foreign direct investment (FDI)

, 5, 295

into Indonesia

, 384

intra-BRICS balance

, 397

Fosun Group

, 102

Free market capitalism

, 4

Garn-St. German Depository Institution Act

, 66

Geely (Automotive)

, 102

General Agreement on Trade & Tariffs (GATT)

, 343

General Motors

, 8

Germany, financial market of

, 275

Glass-Steagall Act of

, 1933, 66

Global

, 2000, 100

Global economic recession

life after crisis

, 377–380

new crisis

, 375

pro-active

, 376–377

Global economic scenario

, 7–10

Global economic system

, 4

Global economy

recessions in

, 12

World Bank

, 203

Global financial crisis

eruption of

, 242

structural causes of

, 10–13

Global imbalances

, 235–236

Global system, financiarisation of

, 28–30

Gold standard

, 276–277

Great Crash

, 75

Great currency

, 331

Great Depression

, 3

of 1930s

, 36, 57

Greater income inequality

, 404–407

Greater inequality

, 17–20

Great power

, 331

Great Recession and Great Depression

balance sheet recession

, 45–46

definition of

, 39–42, 50–51

IMF prediction

, 43–44

liquidity trap

, 46

predictors

, 46–47

Reagan–Volcker–Carter recession

, 48–50

stock markets

, 47–48

psychological aspects

, 45

recession and business cycle

, 36–39

type

, 44–45

Gross domestic product (GDP)

of China

, 212

developed and developing countries

, 212–213

falling

, 221

falling per year

, 211

growth

, 7, 9, 203–204, 206–207

of India

, 212

in New Zealand

, 222

of United States

, 212

Growth fears

, 271

Growth of world output

, 2007–2015, 216–219

Gulf Cooperation Council (GCC)

, 224

Hegemonic class endorses

, 55

Hilton Worldwide

, 100

Huawei

, 101

Human capital

, 36

India

China–India trade treaties

, 365

economic slowdown

, 282–284

GDP

, 212

Inflation

, 225–226

International Monetary Fund (IMF)

, 3, 10

International trade

, 235

Investors

confidence in economic leadership

, 260–261

foreign investors

, 384

Japan, first annual trade deficit

, 277

Jobless growth model

, 259

Keynesian intervention

, 398–400

Keynesianism today

, 134–136

Law the Gramm-Leach-Bliley Act

, 66

Least developed countries (LDCs)

, 85

Lenovo

, 101

Li-Ning (Consumer Goods)

, 103

Low-income countries

, 210

Malaysia’s trade

, 364–365

Malthus’ theory

, 110

Marx’s capital

, 152–155

Mortgage-backed securities (MBS)

, 60

The Myth of the Robber Barons, (Folsom, Burton W. Jr.)

, 94

National Bureau of Economic Research (NBER)

, 41

National Population Register (NPR)

, 61

Neoclassical economics

, 4

Neo-liberal ideologues

, 81

Neo-liberalism

antagonisms

, 80–86

capitalism

, 78–80

centralisation

, 73–78

commodity price

, 71–72

de-regulation

, 66–68

economic recession

, 58

external stimuli

, 56–57

falling real wages

, 57–58

financial innovation and complexity

, 68–70

foreign funds, low interest rates and large inflows of

, 59–63

IMF’s capital control regimes

, 86–87

people vs. nations, structural inequality

, 88–89

predatory lending

, 65–66

shadow banking system

, 70–71

structural crisis

, 54–55

sub-prime lending

, 63–65

systems failure

, 72–73

theoretical understanding

, 89–90

New crisis, scenarios on

, 408–410

New Development Bank (NDB)

, 295

Official development assistance (ODA)

, 230

Oligopolies

, 397, 411

Optimistic and pessimistic scenarios

, 208–209

Overproduction and underconsumption

anti-Dühring

, 116–118

austerity vs. growth

, 141

grundrisse

, 150–152

Hayek, on credit and crisis

, 129–134

inherent contradiction

, 118–122

Keynesianism today

, 134–136

labour theory of value

, 145–148

lowering profitability

, 168–171

Malthus’ theory

, 110

Marx’s capital

, 152–155

production’s sake

, 148–149

profitability

, 162–168

profit to fall

, 144–145

push down wages

, 125–128

rate of profit

, 111–112

reproduction process

, 112–114

Say’s law

, 108–110

survey of literature

, 108

tendency

, 155–160

theory of overproduction

, 114–116

trade imbalances

, 136–140

TRPF

, 160–162

unlimited expansion

, 124–125

use-values

, 122–124

Over-the-counter (OTC) derivatives market

, 67

Plutocracy

, 103

Policy recommendations

, 408–409

Poverty

, 5, 104–106

The Poverty of Philosophy

, 394

Prices, primary commodities

, 234–235

Pro-active

, 410–411

Push down wages

, 125–128

Quantitative easing (QE) programmes

, 228

Reagan–Volcker–Carter recession

, 48–50

Sany (Diversified Industrial)

, 102

Say’s law

, 108–110

Science, technology and innovation (STI)

, 6

Securities and Exchange Commission (SEC)

, 64

Settler colonies

, 56

Shadow banking system

, 70–71

and financial bubbles

, 400–401

Shuanghui International

, 101–102

Skilled and less-skilled workers

, 6

Small- and medium-sized enterprises (SMEs)

, 221

Social Democracy

, 75

Socialising costs and privatising gains

, 32–33

Special Drawing Rights (SDRs)

, 10

Spillovers

, 263

Structural crisis

, 54–55

Struggling exporters

, 277–278

Sub-prime lending

, 63–65

System failure

, 401–402

Tactical Command Center (TCC)

, 74

Technology

capitalism

, 181, 187

capitalism and growth

, 178

information and communication

, 175

and innovation

, 180, 182

mobile

, 175

Tencent (Internet)

, 102

Traders

, 270

Trade treaties

China-ASEAN trade treaties

, 359

China–India trade treaties

, 365

China–Russia trade treaties

, 365–370

China–United States trade treaties

, 370–371

Transnational state (TNS)

, 74

Twitter

, 100

Uncertainties

and risks

, 237

risks associated with QE

, 238–240

Unemployment

, 226–228

Unequal exchange rate systems

, 26–28

Unequal trading patterns

, 26–28

Unfair business practices

, 65

United States

budget issues in

, 246–247

debt ceiling crisis

, 263–265

dominance, BRICS

, 296–312

financial markets

, 274, 275–277

jobless rate

, 259

and world economy

, 259–260

Urban-centred development model

, 5

Vulnerable banks

, 272–274

World Bank

, 30, 203, 205

World capitalism

, 393

World economic crisis

, 3

World GDP

, 21–23

World gross product (WGP)

, 205, 215

World output growth

, 213

World trade

, 213

W-shaped, or double-dip recessions

, 44

ZTE (Telecommunications)

, 102