Modeling Financial Type 2b Globalization and its Repercussion on the Real Economy
Abstract The description of economic globalization still lacks a comprehensive formal and normative theory. The Globalization Types Model is a proposal to bridge this deficiency. Having modeled the globalization of physical trade flows, the so-called type 1 globalization with its different logics of subtypes 1a, 1b, and 1c, the aim now is to describe the globalization of finance, i.e. type 2b, and to integrate it into the Globalization Types Model. This paper analyses the repercussion of financial transactions on the evolution of economic cycles. Due to the mutual interactions of different systems, the modeling is not based on state equations but on principles of system dynamics with its positive and negative feedback loops. It puts the emphasis not on equilibrium but on transition modeling, i.e. on the triggering of state change. The result is a cognitive model showing the influence and systemic effects of financial transactions performed on commodity exchanges causing increased volatility of commodity prices and the repercussion on the industry value-chain. The model links the speculative part of financial type 2b globalization to physical demand and trade flows of globalization type 1, capital investments of globalization type 2a, as well as human migration of globalization type 3a and unemployment.
World Trade Logics and Measure of Global Inequality: Regional Pattern and Globalization Evolution between 2003-2012
The economy is globalizing. But how are the different economic world regions performing regarding globalization of trade flows? Why are they performing differently? Globalization is not only the increase of international trade between certain preferential geographic areas of economy, but also the resulting increase of interweavement of trade flows between different geographical areas, independent of the amount of trade. This paper is a revised and expanded version of the paper entitled “World Trade and Associated Systems Risk of Global Inequality: Empiric Study of Globalization Evolution between 2003-2011 and Regional Pattern Analysis” presented at International Conference on Applied Economics (ICOAE2013), Istanbul, 27-29 June, 2013. This paper analyzes the evolution of world trade flows between 2003-2012 and performs a cross-section analysis of the year 2012. The economic interweavement will be measured by an inequality risk metric applied to the supply-demand matrix. This risk indicator is based on the concept of statistical entropy resulting in an inequality risk measure, giving an indication for the degree of economic globalization and the evolution of globalization in different geographical regions. In addition, it analyses the governing rational of globalization evolution. The result of this research shows that economic trade flows are globalizing, but with clear different regional patterns, not only between globalizing and de-globalizing regions, but also within the globalizing and de-globalizing regions itself. The emerging economies such as China or the Middle East are globalizing whereas mature economies such as North America and Europe are de-globalizing, confirming for globalization of the inverse Kuznets evolution. The different patterns between the different economic world regions can be explained by using the Globalization Type’s Model as well as the Central Theorem of Globalization.
The development of biological systematics : Antoine-Laurent de Jussieu, nature, and the natural system
A reevaluation of the history of biological systematics that discusses the formative years of the so-called natural system of classification in the eighteenth and nineteenth centuries. Shows how classifications came to be treated as conventions; systematic practice was not linked to clearly articulated theory; there was general confusion over the "shape" of nature; botany, elements of natural history, and systematics were conflated; and systematics took a position near the bottom of the hierarchy of sciences.