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Record W3110393763 · doi:10.1080/2329194x.2020.1839912

The US vs China: Economic models in the pandemic stress test

2020· article· en· W3110393763 on OpenAlexaff
Radhika Desai

Bibliographic record

VenueThe Japanese Political Economy · 2020
Typearticle
Languageen
FieldSocial Sciences
TopicPolitical and Economic history of UK and US
Canadian institutionsUniversity of Manitoba
Fundersnot available
KeywordsDominance (genetics)CreditorEconomicsCapitalismWorld economyDebtMarket economyFinancial systemEconomyDevelopment economicsEconomic systemFinancePolitical science

Abstract

fetched live from OpenAlex

This paper makes two interrelated arguments. First, at the root of the contrasting performance of the US and China amid the pandemic are the contrasting ways in which the two societies have come to organize their economies, particularly their money and credit systems. These differences are not widely recognized, let alone analyzed. Secondly, these contrasts emerge from the longer history of antagonisms in the geopolitical economy of world capitalism and its dialectic of uneven and combined development. This dialectic between and dominant nations and those contesting their domination have typically featured contrasting monetary and financial systems. The original dominant country, Britain inherited a creditor-oriented financial system providing short-term credit that preyed upon, rather than expanded, the productive economy. Britain fostered this system and projected it abroad through the gold-sterling standard through which it exercised a financial dominance long after its industrial dominance. The US, which sought to emulate such financial dominance, also reverted to the UK's archaic financial model. By contrast, countries interested in challenging the domination of powerful countries, with their need for stronger productive economies and growth, have had financial systems that have subserved productive expansion with longterm ‘patient’ credit, considered the interest of debtors–usually productive investors–as well as creditors, and usually managed or controlled international capital flows. The predatory system of the originally dominant country, Britain, should have declined after the outbreak of the First World War in the face of the strength of countries with production-oriented systems. However, a complex twist of history gave it a second life as the post 1970s US financial system.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.670
Threshold uncertainty score0.999

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0010.001
Scholarly communication0.0000.000
Open science0.0010.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.034
GPT teacher head0.271
Teacher spread0.237 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2020
Admission routes1
Has abstractyes

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