Summary Of "Economy Between Two Centuries" By Jorge Saborido: UNIVERSITY SUMMARIES

By MAURICIO ENRIQUE FAU

We have summarized here the essential of this book by the author.

THE STATE IN THE CRISIS. DEMOCRACY, LEGITIMACY AND FINANCIAL CRISIS

THE MAIN CHARACTERISTIC OF THE CURRENT CRISIS IS ITS DURATION: inflation that goes up and down, rates that go up and down, production that goes up and down, paint the picture of a situation of equilibrium in chaos. What is notable is that the democratization processes that began in the 1980s are still going on, accompanied by an ever-increasing concentration of income and social fragmentation, weak social mobility and a financial crisis.
DEMOCRACY, defined very loosely as "several parties, election of rulers and a small number of political prisoners", LIVES WITH FORMS OF LEGITIMATION FROM THE PAST.

• Language: English
• Publisher: BOOKS AND SUMMARIES BY MAURICIO FAU
• Release date: Aug 26, 2022
• ISBN: 9798201105013

MAURICIO ENRIQUE FAU

Mauricio Enrique Fau nació en Buenos Aires en 1965. Se recibió de Licenciado en Ciencia Política en la Universidad de Buenos Aires. Cursó también Derecho en la UBA y Periodismo en la Universidad de Morón. Realizó estudios en FLACSO Argentina. Docente de la UBA y AUTOR DE MÁS DE 3.000 RESÚMENES de Psicología, Sociología, Ciencia Política, Antropología, Derecho, Historia, Epistemología, Lógica, Filosofía, Economía, Semiología, Educación y demás disciplinas de las Ciencias Sociales. Desde 2005 dirige La Bisagra Editorial, especializada en técnicas de estudio y materiales que facilitan la transición desde la escuela secundaria a la universidad. Por intermedio de La Bisagra publicó 38 libros. Participa en diversas ferias del libro, entre ellas la Feria Internacional del Libro de Buenos Aires y la FIL Guadalajara.

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Summary Of Economy Between Two Centuries By Jorge Saborido

UNIVERSITY SUMMARIES

MAURICIO ENRIQUE FAU

Published by BOOKS AND SUMMARIES BY MAURICIO FAU, 2022.

While every precaution has been taken in the preparation of this book, the publisher assumes no responsibility for errors or omissions, or for damages resulting from the use of the information contained herein.

SUMMARY OF ECONOMY BETWEEN TWO CENTURIES BY JORGE SABORIDO

First edition. August 26, 2022.

Copyright © 2022 MAURICIO ENRIQUE FAU.

ISBN: 979-8201105013

Written by MAURICIO ENRIQUE FAU.

Table of Contents

Title Page

Copyright Page

Saborido, Jorge | ECONOMY BETWEEN TWO CENTURIES

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Saborido, Jorge

ECONOMY BETWEEN TWO CENTURIES

GLOBALIZED CAPITALISM AND THE CAPITALIST RESTORATION IN RUSSIA AND CHINA

Saborido maintains that the TECHNOLOGICAL transformations produced in the last decades of the 20th century produced what was called the THIRD INDUSTRIAL REVOLUTION.

THESE TRANSFORMATIONS GIVE RISE TO GLOBALIZATION, WHICH INVOLVES THE PERMANENT INTERCONNECTION OF ALL THE WORLD'S ECONOMIES (ESPECIALLY OF THE FINANCIAL SYSTEMS)

1. Technological transformations

After the crisis of the 1970s, two fundamental phenomena converged: DIVERSIFICATION OF CONSUMPTION (demand for a variety of products) and the acceleration of TECHNOLOGICAL CHANGE, which made a suitable offer possible.

TECHNOLOGICAL CHANGE occurs fundamentally in INFORMATION TECHNOLOGIES (microelectronics, computing, telecommunications, etc.), which made it possible to build a connection network on a global scale. The transmission and processing of information occurs instantaneously.

Another aspect that marks Saborido regarding computer systems is the application as management technology, establishing a new rationality that facilitates the reduction of inventories and stocks, as well as administrative tasks. All this allows for A FLEXIBLE PRODUCTION SCHEME that adapts to the need to DIVERSIFY THE SUPPLY, with the assistance of ADVERTISING that shapes consumption (passage from Fordism to post-Fordism).

The impact on EMPLOYMENT of this process is the decline of the traditional form of WORK (full-time, with well-defined tasks). There is also a DECREASE IN INDUSTRIAL EMPLOYMENT and an INCREASE IN EMPLOYMENT IN SERVICE AREAS (for production, health and education).

TECHNOLOGIZATION was deployed in multiple areas. For example, with regard to daily life, new ways of preserving food and the microwave oven appear as a complement.

The MEANS OF TRANSPORTATION, from air navigation to the railways, were modified with the new technologies. In Europe, electromagnetics are incorporated for high-speed trains. Aircraft incorporate new materials and information technology facilitated a more careful regulation of airspace (with increasing traffic).

The author considers that the future poses a dilemma: either the application of AUTOMATISM is expanded, thanks to artificial intelligence, or the OPERATORS are rehabilitated.

2. The economic dynamics of the decade

The 1990s were characterized by successive FINANCIAL CRISES (Europe 1992, the tequila crisis in Mexico 1994, the Asian crisis in 1997,

Russia 1998, Latin America 1998-9).

These crises are marked by the GLOBALIZATION process, since INTERDEPENDENCE enhances the negative effects in all markets.

The statistics of the period

Saborido points out that in the 1990s the growth of the industrialized countries has been slight and highly fluctuating. The countries of EASTERN EUROPE have suffered from a