The social structure of accumulation (SSA) theory was introduced by David Gordon in the year 1978, following inflation and chaos witnessed in the global currency market. This approach gave economists a new way of analyzing the development and structure of capitalist societies and economies. It stipulates that an extended period of stable and rapid economic growth requires an efficient and effective social structure of accumulation. Despite the fact that SSAs are known to support economic development and stability, they eventually expire, leading to economic instability and stagnation until new ones are developed.
In the recent past, China has experienced immense economic development and improved social equality. In the past, China was known to have a conservative culture that was characterized by social segregation and rigidity. However, in the recent past, China has been able to adopt a more open culture, leading to the erosion of the stringent social structures that existed in the country and allowing for more interaction with the outside world. This new development can be attributed to the increased global integration created by an improved telecommunications network. As a result, China has become a business destination for global traders who seek low-priced commodities. This has led to increased economic growth and improved social equality in China.
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.919.4824&rep=rep1&type=pdf
Saturday, October 1, 2016
What is social structure of accumulation in economics and how has that helped or affected China's economic growth and social inequality?
Subscribe to:
Post Comments (Atom)
What is the theme of the chapter Lead?
Primo Levi's complex probing of the Holocaust, including his survival of Auschwitz and pre- and post-war life, is organized around indiv...
-
Bacteria are single-celled microorganisms that thrive in diverse environments (such as the ocean, the soil, and the human body). Various bac...
-
Note that these events are not in chronological order. The story is told by the narrator, looking back upon her life. The first notable even...
-
It seems most likely you are asking about Michael Halliday's theories of language. He argues children have seven main functions they use...
-
The tension between the three world orders after World War II (1939–1945) manifested itself in territorial, economic, military, ideologic...
-
Under common law, any hotel, inn, or other hospitality establishment has a duty to exercise "reasonable care" for the safety an...
-
Samuel Taylor Coleridge’s long narrative poem "Christabel" presents the well-known theme of good vs. evil, but the poem ends with ...
-
Grover Cleveland is known as a reformer. The first Democrat elected after the Civil War, Cleveland has the distinction of being the only Pre...
No comments:
Post a Comment