Kondratiev Wave

(redirected from K-wave)

Kondratiev Wave

A theory stating that capitalist economies go through phases much longer than ordinary business cycles. That is, capitalist economies have cycles of 45-60 years, where they perform alternately well and then poorly. The cycle then starts over. For example, the Second Industrial Revolution lasted from approximately 1850 to 1900; the global economy performed well in the first half of the cycle and was characterized by depression in the second half. Kondratiev wave theory was proposed by a Soviet economist and is more popular in Marxist circles than outside of them. See also: Kremlinomics.
References in periodicals archive ?
K-pop and K-Wave may be taking cues from Western forms of this, at least in earlier stages," Creighton says.
Four years on, HallyuCY stands at 293 members and growing, with regular activities and events to inform, promote and share everything K-wave.
While the majority of the members keep abreast of everything Hallyu via the Facebook page, there's a very strong core group who really involve themselves in the day-to-day business of appreciating and promoting K-wave.
K-wave involves cultural contents such as Korean pop music, drama and movies.
While every K-wave had its own pattern, each was sparked by a new activity, idea, discovery, or personality, and each ended with collapsing credit.
K-waves are essential to understanding economic trends.
Most K-waves in the upwave or downwave have ended with conflicts).
Omitting the details in this short essay, the K-Wave describes a recurring long cycle in human economic activites that vary from boom to bust.
And six, the K-Wave winter is the time of deflation to correct all the previous excesses.
K-Wave analysis points to deflationary collapse and debt repudiation through bankruptcy.
The magnitude of the previous bull market and the K-Wave tells us that the excesses that must be unwound from the economy are massive which offer clues to the "How far?
Kasikorn Bank has also launched a Visa payWave program in Thailand with the rollout of its K-Wave Card.