2020 | 26 | 69-76
Article title

Threats to Contemporary Economic Order

Title variants
Languages of publication
The biggest threats to contemporary economic order were chronologically the bipolarity of the world after 1945, in which one of the poles despised money and the other based its prosperity on money. An attempt to create a unipolar world already dominated by the US dollar, practically was hardly acceptable. The US showed its strength when Japan in 1995 became a pretender to be No. 1 in the global economy. Also in 2008, American banks triggered a global financial crisis by creating bubbles of toxic real estate loans. The 2008 financial crisis also started a crisis of liberal democracy. China was much more powerful than Japan as the next pretender to become No. 1 in the global economy. About it can be seen as the beginning of a global conflict between the United States and China. In addition, the coronavirus pandemic has stopped globalization and is causing a global crisis.
  • Akademia Techniczno-Humanistyczna w Bielsku-Białej
  • Bowles, P., & Woods, L. (2000). Japan after the economic miracle. Boston: Kluwer Academic Publishers.
  • Castells, M. (2019). Rupture: The Crisis of Liberal Democracy. Cambridge: Polity Press.
  • Coker, Ch. (2015) The Improbable War: China, The United States and Continuing Logic of Great Power Conflict. London : Hurst & Company.
  • Dwyer, G. & Tkac, P. (2009). The financial Crisis of 2008 in Fixed Income Markets. Atlanta: Federal Reserve Bank of Atlanta.
  • GDP of the BRIC (2020). (01/05/2020).
  • GDP (2020). Gross Domestic Product. (01/02/2020).
  • Henzel, P. (2020) Pandemia koronowirusa może zmienić oblicze globalizacji. HolisticNews. (01/05/2020).
  • Mowle, T., & Sacko, D. (2007). The Unipolar World: an Unbalanced Future. New York: Palgrave Macmillan.
  • Pechlaner, H., Erschbamer, G., Thees H., & Gruber M. (2020). China and the New Silk Road. Basel: Springer.
  • Staack, M. (2013). Multilateralizm and Multipolarity. Structures of the Emerging World Order. Opladen: Barbara Budrich Publishers.
  • Szafarz, S. (2013). Narodziny świata wielobiegunowego. Przegląd Socjalistyczny, (1)2, 59–77.
  • Walkowski, M. (2017). Chiński model rozwoju społeczno-gospodarczego i jego potencjalne adaptacje w Europie. Przegląd Strategiczny, 10, 335–65.
Document Type
Publication order reference
YADDA identifier
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.