It is claimed that the internationalisation of capital markets has caused a weakening of the economy of the ‘Golden Age’ - a period between 1950 and 1973. This paper looks into the development of the Golden Age period, explains booms and dooms as well as the creation of the Eurocurrency market. Using the concept of the ‘Impossible Trinity’ the paper concludes that the internationalisation and liberalisation of the capital market undermined the Golden Age.
Inhaltsverzeichnis (Table of Contents)
- Section I: Introducing the Research Paper
- 1.1 Interpretations of Fordism
- 1.2 The Golden Age Period
- 1.3 Explaining Booms and Dooms
- Section II: The Rise of the Eurocurrency Market
- 2.1 The 'Impossible Trinity'
- Section III: Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research paper aims to investigate whether the internationalization of capital markets weakened the "Golden Age of Capitalism" (1950-1973). It explores the development of this period, examines economic booms and busts, and analyzes the emergence of the Eurocurrency market. The paper utilizes the "Impossible Trinity" concept to draw conclusions about the relationship between capital market liberalization and the economic stability of the Golden Age.
- The development and characteristics of the "Golden Age of Capitalism."
- Different interpretations and historical contexts of Fordism.
- The rise and impact of the Eurocurrency market.
- The application of the "Impossible Trinity" concept to the economic context of the Golden Age.
- The relationship between internationalization of capital and the economic stability of the Golden Age.
Zusammenfassung der Kapitel (Chapter Summaries)
Section I: Introducing the Research Paper: This section introduces the research question concerning the impact of capital internationalization on the Golden Age of capitalism. It provides an overview of Fordism, its various interpretations, and its connection to the Golden Age. The section lays the groundwork for the subsequent analysis by outlining the historical context and theoretical framework. It connects the concept of Fordism – encompassing mass production, mass consumption, and the role of the working class – with the specific economic climate of the Golden Age. The inclusion of aspects from a previous presentation on December 9th, 2006, highlights the paper’s foundation in existing research and its aim to expand upon that prior work.
Section II: The Rise of the Eurocurrency Market: This section delves into the development of the Eurocurrency market and its significance in the context of the Golden Age. It examines the implications of this market’s growth, particularly in relation to the paper’s central argument concerning the impact of capital internationalization. The analysis likely incorporates an explanation of the mechanics of the Eurocurrency market and its influence on international capital flows. The use of the 'Impossible Trinity' concept is likely introduced and explained within this section, preparing the ground for its application in the conclusion.
Schlüsselwörter (Keywords)
Golden Age of Capitalism, Fordism, Eurocurrency Market, Internationalization of Capital, Impossible Trinity, Mass Production, Mass Consumption, Economic Growth, Capital Market Liberalization.
Frequently Asked Questions: Research Paper Preview
What is the topic of this research paper?
This research paper investigates whether the internationalization of capital markets weakened the "Golden Age of Capitalism" (1950-1973). It explores the development of this period, examines economic booms and busts, and analyzes the emergence of the Eurocurrency market.
What are the key themes explored in the paper?
The key themes include the development and characteristics of the "Golden Age of Capitalism," different interpretations of Fordism, the rise and impact of the Eurocurrency market, the application of the "Impossible Trinity" concept, and the relationship between capital market internationalization and the Golden Age's economic stability.
What is the methodology used in the paper?
The paper uses the "Impossible Trinity" concept to analyze the relationship between capital market liberalization and the economic stability of the Golden Age. It also draws upon existing research, including a previous presentation from December 9th, 2006.
What are the main sections of the paper?
The paper is divided into three sections: Section I introduces the research question and provides an overview of Fordism and the Golden Age. Section II delves into the development of the Eurocurrency market. Section III presents the conclusion.
What is the significance of Fordism in this research?
The paper examines different interpretations of Fordism and its connection to the Golden Age, considering its aspects of mass production, mass consumption, and the role of the working class within the specific economic climate of the period.
What is the role of the "Impossible Trinity" concept?
The "Impossible Trinity" concept is a key analytical tool used to understand the relationship between capital market liberalization and economic stability during the Golden Age. It is likely introduced and explained in Section II and applied in the conclusion.
What is the significance of the Eurocurrency Market in this research?
The paper explores the development and impact of the Eurocurrency market during the Golden Age, analyzing its implications for international capital flows and its relation to the central argument about the impact of capital internationalization.
What are the keywords associated with this research paper?
The keywords include Golden Age of Capitalism, Fordism, Eurocurrency Market, Internationalization of Capital, Impossible Trinity, Mass Production, Mass Consumption, Economic Growth, and Capital Market Liberalization.
What does the chapter summary of Section I entail?
The summary of Section I states that it introduces the research question about the impact of capital internationalization on the Golden Age. It provides an overview of Fordism, its interpretations, and its connection to the Golden Age, laying the groundwork for the analysis by outlining the historical context and theoretical framework. It mentions the inclusion of aspects from a previous presentation on December 9th, 2006.
What does the chapter summary of Section II entail?
The summary of Section II indicates that this section examines the development and significance of the Eurocurrency market during the Golden Age, focusing on its implications in relation to the paper's central argument about capital internationalization. It notes the likely explanation of the market's mechanics and its influence on international capital flows, as well as the introduction and explanation of the 'Impossible Trinity' concept.
- Arbeit zitieren
- Vicki Preibisch (Autor:in), 2006, Did the Internationalisation of Capital undermined the 'Golden Age' of Capitalism?, München, GRIN Verlag, https://www.grin.com/document/67973
