1. The Systemic Cycles of Accumulation in the Work of Giovani Arrighi: The 2008 Crisis, The End of US Hegemony and the Role of China
- Author:
- Analúcia Danilevicz Pereira and Igor Estima Sardo
- Publication Date:
- 08-2022
- Content Type:
- Journal Article
- Journal:
- AUSTRAL: Brazilian Journal of Strategy International Relations
- Institution:
- Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
- Abstract:
- This article seeks to discuss whether the terminal crisis of the US cycle has already occurred and whether, therefore, the World-System would experience a new SCA. As a hypothesis to the question, it is assumed that the 2008 crisis can be interpreted as the terminal crisis of the US cycle and that, after this event, a dichotomous SCA begins between the United States (US) and the People’s Republic of China (PRC), expanding the organic core of capitalism and the decision-making bodies of the world economy in the G20 (Silver; Arrighi 2011).In a broader sense, the purpose of this article is to contribute to the debate, left open after the death of Giovanni Arrighi in 2009 (Harvey 2009), about the successions of SCAs, the signal and terminal crises and the hegemonies of the World-System. This work intends to review the main works of the author The Long Twentieth Century: money, power and the origins of our time, Chaos and governance in the Modern World System and Adam Smith in Beijing4 and to analyze the context of the 2008 crisis, both its causes and consequences. for international relations
- Topic:
- Capitalism, Rivalry, World System, and Competition
- Political Geography:
- China, Asia, North America, and United States of America