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Munich Personal RePEc Archive

The new world order and the failure of globalisation

Freeman, Alan

The University of Greenwich

11 December 2002

Online at https://mpra.ub.uni-muenchen.de/2652/

MPRA Paper No. 2652, posted 10 Apr 2007 UTC

(2)

T

HE

N

EW WORLD ORDER AND THE FAILURE OF GLOBALISATION

Abstract

Pettifor, A (2003) Real World Economic Outlook, pp152- 159. Basingstoke: Palgrave MacMillan, pp152-164.

It uses data published by the IMF’s World Economic Outlook

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EW WORLD ORDER AND THE FAILURE OF GLOBALISATION

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1 Absolute impoverishment

- 10 20 30 40 50 60 70 80

1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

- 200 400 600 800 1,000 1,200 1,400

(Left hand scale) Number of countries whose per capita income declined in the previous

decade

(Right hand scale) Number of people (millions) living in countries where per capita

income declined in the previous decade

Sources: World Economic Outlook database (income), US Bureau of the Census (population)

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2,800 3,300 3,800 4,300 4,800 5,300 5,800 6,300 6,800 7,300

World GDP and GDP per capita in constant 1995 dollars, converted from national currencies at current exchange rates Source: World Economic Outlook Database, University of Groningen Growth .Project

World GDP

Average World GDP per capita

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(26)

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(28)

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USA Japan

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8 Appendix: Classifications used

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Bureau of Census Name Modified IMF Region

Algeria Africa

Angola Africa

Benin Africa

Botswana Africa

Burkina Faso Africa

Burundi Africa

Cameroon Africa

Cape Verde Africa

Central African Republic Africa

Chad Africa

Comoros Africa

Congo (Brazzaville) Africa

Congo (Kinshasa) Africa

Cote d'Ivoire Africa

Djibouti Africa

Equatorial Guinea Africa

Eritrea Africa

Ethiopia Africa

Gabon Africa

Gambia, The Africa

Ghana Africa

Guinea Africa

Guinea-Bissau Africa

Kenya Africa

Lesotho Africa

Liberia Africa

Madagascar Africa

Malawi Africa

Mali Africa

Mauritania Africa

Mauritius Africa

Morocco Africa

Mozambique Africa

Nauru Africa

Niger Africa

Nigeria Africa

Rwanda Africa

Sao Tome and Principe Africa

Senegal Africa

Seychelles Africa

Sierra Leone Africa

Somalia Africa

South Africa Africa

(31)

&%%&; < =' 2% 25 %$>%5>%? &%7!2

Sudan Africa

Swaziland Africa

Tanzania Africa

Togo Africa

Tunisia Africa

Uganda Africa

Zambia Africa

Zimbabwe Africa

Myanmar Asia

Afghanistan Asia

Bangladesh Asia

Bhutan Asia

Brunei Asia

Cambodia Asia

China Asia

Fiji Asia

India Asia

Indonesia Asia

Kiribati Asia

Laos Asia

Malaysia Asia

Maldives Asia

Marshall Islands Asia

Micronesia, Federated States of Asia

Nepal Asia

Pakistan Asia

Papua New Guinea Asia

Philippines Asia

Samoa Asia

Solomon Islands Asia

Sri Lanka Asia

Thailand Asia

Tonga Asia

Vanuatu Asia

Vietnam Asia

Albania Countries in Transition

Armenia Countries in Transition

Azerbaijan Countries in Transition

Belarus Countries in Transition

Bosnia and Herzegovina Countries in Transition

Bulgaria Countries in Transition

Croatia Countries in Transition

Czech Republic Countries in Transition

Estonia Countries in Transition

Georgia Countries in Transition

Hungary Countries in Transition

Kazakhstan Countries in Transition

Kyrgyzstan Countries in Transition

Latvia Countries in Transition

Lithuania Countries in Transition

Macedonia, The Former Yugo. Rep. of Countries in Transition

Moldova Countries in Transition

Mongolia Countries in Transition

Montenegro Countries in Transition

Poland Countries in Transition

Romania Countries in Transition

(32)

Russia Countries in Transition

Serbia Countries in Transition

Slovakia Countries in Transition

Slovenia Countries in Transition

Tajikistan Countries in Transition

Turkmenistan Countries in Transition

Ukraine Countries in Transition

Uzbekistan Countries in Transition

Austria Euro Area

Belgium Euro Area

Denmark Euro Area

Finland Euro Area

France Euro Area

Germany Euro Area

Greece Euro Area

Iceland Euro Area

Ireland Euro Area

Italy Euro Area

Luxembourg Euro Area

Netherlands Euro Area

Norway Euro Area

Portugal Euro Area

Spain Euro Area

Sweden Euro Area

Switzerland Euro Area

United Kingdom Euro Area

Bahrain Middle East and Europe

Cyprus Middle East and Europe

Egypt Middle East and Europe

Iran Middle East and Europe

Iraq Middle East and Europe

Israel Middle East and Europe

Jordan Middle East and Europe

Kuwait Middle East and Europe

Lebanon Middle East and Europe

Libya Middle East and Europe

Malta Middle East and Europe

Oman Middle East and Europe

Qatar Middle East and Europe

Saudi Arabia Middle East and Europe

Syria Middle East and Europe

Turkey Middle East and Europe

United Arab Emirates Middle East and Europe

Yemen Middle East and Europe

Canada North America

United States North America

Australia South-East Asia

Hong Kong S.A.R. South-East Asia

Japan South-East Asia

Korea, South South-East Asia

New Zealand South-East Asia

Singapore South-East Asia

Taiwan South-East Asia

Antigua and Barbuda Western Hemisphere

Argentina Western Hemisphere

Bahamas, The Western Hemisphere

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