The Shifting Strategies of the Rules of the Game: The Role of Governance on Global Historical Change Over the Period of 2007–2014

Abstract

We analyzed the global historical change between 2007 and 2014, mainly emanating from economic and political games played between the USA and European countries starting with the Great Crisis and ending with Arab Spring, from the perspective of contemporary philosophy, and found that it not only growth reducing effect but also devastating effects on Middle East and North Africa (MENA) region due to the deterioration of governance. This chapter, by conducting empirical analysis, brings new definitions to existing concepts such as rules of the game, homosapien and sage. The Great Crisis is not a global crisis, but a trans-Atlantic financial crisis initiated by the incapable corporate governance of US-based financial multinational corporations (MNCs). The crisis faced by MENA countries that are exposed to Arab Spring as of 2012 is not the economic spillover effect of the Great Crisis but a consequence of political destabilization as a result of deteriorating governance structures in the region by developed countries under the name of Arab Spring. Not the entire-region, but only the countries exposed to Arab Spring, have experienced negative growth.

Citation

Gök, A. (2023), "The Shifting Strategies of the Rules of the Game: The Role of Governance on Global Historical Change Over the Period of 2007–2014", Das, R.C. (Ed.) Inclusive Developments Through Socio-economic Indicators: New Theoretical and Empirical Insights, Emerald Publishing Limited, Leeds, pp. 71-85. https://doi.org/10.1108/978-1-80455-554-520231006