DOCSLIB.ORG

Durham E-Theses

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Durham E-Theses Durham E-Theses Can Motor Skills Training Improve Academic Performance? A Structured Motor Skills Intervention for Young Children. KATSIPATAKI, MARIA How to cite: KATSIPATAKI, MARIA (2013) Can Motor Skills Training Improve Academic Performance? A Structured Motor Skills Intervention for Young Children., Durham theses, Durham University. Available at Durham E-Theses Online: http://etheses.dur.ac.uk/10579/ Use policy The full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that: • a full bibliographic reference is made to the original source • a link is made to the metadata record in Durham E-Theses • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders. Please consult the full Durham E-Theses policy for further details. Academic Support Oce, Durham University, University Oce, Old Elvet, Durham DH1 3HP e-mail: [email protected] Tel: +44 0191 334 6107 http://etheses.dur.ac.uk 2 I Can Motor Skills Training Improve Academic Performance? A Structured Motor Skills Intervention for Young Children. Maria Katsipataki A thesis submitted for the degree of Doctor of Philosophy School of Education Durham University 2013 II ABSTRACT The thesis explores the relationship between motor and academic skills. According to previous research, motor skills difficulties can affect academic outcomes. Furthermore, there is growing evidence supporting the relationship between the motor and academic areas. As part of this investigation a motor skills intervention was developed that aimed to make improvements in the performance of the reading, maths and motor skills of young children in mainstream education. The “Motor Skills Intervention for the Early Years” that was subsequently developed represented a new approach to intervention combining direct and indirect motor tasks resulting in a pragmatic, hybrid intervention. The research involved 56 typically developing children (TDC) attending two English primary schools with a mean age of 58 months randomly assigned to either the experimental or control group. Children were assessed in their motor and academic skills both before and after the intervention. The intervention was delivered for a period of 11 weeks with two weekly sessions for each school. Preliminary findings appear to be promising, showing a large effect size for motor skills, and medium to smaller effects for reading and maths. The motor skills of manual dexterity and ball skills were significantly improved in children within the experimental group. Improving motor skills in TDC is important in its own right, due to its strong preventative role. Based on these findings, it is concluded that a hybrid approach to motor skills intervention can improve specific motor skills and yield small effects to academic skills within TDC. Future research from this study might include follow-up assessments to identify possible benefits on the academic areas of reading and maths in the long term. In addition, these findings can be used to inform future research and, if replicated with a larger sample, to inform educational policies for school-based interventions. III Table of Contents TITLE PAGE………………………..I ABSTRACT…………………………II TABLE OF CONTENTS…………....III LIST OF TABLES…………………..IX LIST OF FIGURES………………….IX STATEMENT OF COPYRIGHT…...X ACKNOWLEDGMENTS…………..XI DEDICATIONS…………………….XIII CHAPTER 1 ................................................................................................................. 1 INTRODUCTION TO THE STUDY ......................................................................... 1 1.1.Introduction .......................................................................................................... 1 1.2. Origins of the Study ............................................................................................ 3 1.3. Research Problem ............................................................................................... 5 1.3.1. Aims and objectives of the research ................................................................ 6 1.3.2. The significance of the thesis and potential impact ......................................... 6 1.4. Research Questions ............................................................................................. 8 1.5. Rationale for the Structure of the Thesis ............................................................ 8 CHAPTER 2 ............................................................................................................... 10 REVIEW OF THE LITERATURE ......................................................................... 10 2.1.Introduction ........................................................................................................ 10 2.2. GENES-ENVIRONMENT AND DEVELOPMENT ....................................... 10 2.2.1. Nature and Nurture ........................................................................................ 11 2.3. Current Research & Trends .............................................................................. 16 2.4. MOTOR DEVELOPMENT.................................................................................. 20 2.4.1. Motor Development in Infancy ...................................................................... 21 2.4.1.1. Theories of Early Motor Development ................................................... 24 2.4.1.2. Maturational Period ................................................................................ 24 2.4.1.3. Information Processing Period ................................................................ 29 2.4.1.4 Dynamic Systems Approach .................................................................... 34 2.5. Dynamic Systems & Motor Learning ............................................................... 40 2.6. Theories of Motor Control ................................................................................ 41 IV 2.7. Summary of Main Points .................................................................................. 44 2.8. COGNITIVE DEVELOPMENT .......................................................................... 48 2.8.1. Early Links between Cognition and Motor Skills.......................................... 49 2.8.2. Contemporary Links between Cognition and Motor Skills ........................... 50 2.8.3. Embodied Cognition ...................................................................................... 53 2.8.3.1. Main Principles of Embodied Cognition .................................................... 54 2.9. Cognitive Skills Involved in Reading & Maths ................................................ 57 2.9.1. Language & Literacy Acquisition .................................................................. 58 2.9.2. Maths.............................................................................................................. 59 2.9.3. Motor & Cognitive Skills in Reading and Maths .......................................... 61 2.10. EVIDENCE OF THE RELATIONSHIP BETWEEN MOTOR SKILLS & COGNITIVE FUNCTIONING ............................................................................... 63 2.10.1. Developmental Disorders Co-morbidity Evidence ...................................... 63 2.10.2. Theories on Co-morbidity ............................................................................ 64 2.10.2.1. Causal Modelling Approach ..................................................................... 65 2.10.3. Developmental Dyslexia .............................................................................. 70 2.10.4. Attention Deficit Hyperactivity Disorder .................................................... 71 2.10.5. Developmental Coordination Disorder ........................................................ 73 2.10.6. Autistic Spectrum Disorder & Specific Language Impairment ................... 75 2.10.7. Physical Activity & Academic Performance Evidence ............................... 78 2.10.7.1. Physical Activity, Physical Fitness, Motor Control and Motor Skill Development ............................................................................................................ 81 2.10.8. Motor Skills & Reading-Maths Performance Research Evidence ............... 83 2.11. Risk Factors for Physical & Academic Performance in the Mainstream ....... 85 2.12. Parental Styles & Lifestyle: Effects on Physical Activity & Academic Performance ............................................................................................................. 87 2.13. Consideration of an Opposing Evidence Base ................................................ 89 2.14. Summary of Main Points ................................................................................ 91 2.15. EXISTING MOTOR SKILL INTERVENTIONS.............................................. 94 2.15.1. Selection Criteria ......................................................................................... 96 2.15.2. Types of Interventions ................................................................................. 96 2.15.2.1. Process/Deficit Approach ......................................................................... 97 2.15.2.2. Auditory Integration Therapy ................................................................... 98 2.15.2.3. Primary Movement Programme ...............................................................
Load more

Recommended publications
  • Black Swan" Event As Manifestation of Uncertainties in Public Administration
    ISSN 2039-2117 (online) Mediterranean Journal of Vol 10 No 2 ISSN 2039-9340 (print) Social Sciences March 2019 . Research Article © 2019 Igor Vladislavovitch Ponkin. This is an open access article licensed under the Creative Commons Attribution-NonCommercial-NoDerivs License (http://creativecommons.org/licenses/by-nc-nd/3.0/). "Black Swan" Event as Manifestation of Uncertainties in Public Administration Igor Vladislavovitch Ponkin Doctor of Science (Law), Professor, Department of the State and Municipal Administration, Institute of Public Administration and Civil Service, Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Doi: 10.2478/mjss-2019-0018 Abstract Public administration, today, in practice is projected, programmed and realized today, as a rule, as though it occurred in the conditions of high degree of definiteness. This article is devoted to research of uncertainties in public administration, in particular, the so-called "black swan" phenomenon in public administration has been investigated. Aim: the purpose of the article included: to define a concept of uncertainty of public administration, consequences of such uncertainties, to consider the concept and features of the "black swan" event in public administration and to consider the existing scientific interpretations of this concept. Methods: to achieve aims mentioned above, such methods as the method of analysis, synthesis, classification method, and others were used. Results: the article presents the author's concept of uncertainty, defined place of certainty in the process of public administration and the classification of types of "black swan" events. Keywords: public administration, uncertainty in public administration, deviantology of public administration, the "black swan" concept 1. Introduction Administration, as V.A.
    [Show full text]
  • And Common Questions in Flsa Collective Actions
    THE FEDERAL COURTS LAW REVIEW‡ Volume 10 2017 THE UNANIMITY RULE: “BLACK SWANS” AND COMMON QUESTIONS IN FLSA COLLECTIVE ACTIONS Allan G. King* & Andrew Gray** “I think everyone has a little black swan in them, it’s just a matter of when you let it out.”1 INTRODUCTION ............................................................................. 2 I. WHAT IS A COLLECTIVE ACTION, AND HOW ARE THEY TRIED? .......................................................................... 8 II. THE PLAINTIFF’S BURDEN OF PROOF IN MULTI-PLAINTIFF FLSA CASES. ........................................................................ 17 III. ARE A COURT’S DECISIONS TO CONDITIONALLY CERTIFY AND REFUSAL TO DECERTIFY A COLLECTIVE ACTION SUFFICIENT TO SUPPORT AN AGGREGATE SUBMISSION? ...... 20 IV. WHAT FURTHER INQUIRY IS NECESSARY TO JUSTIFY AN AGGREGATE SUBMISSION? .................................................... 24 V. THE UNANIMITY RULE IN PRACTICE AND HOW IT CAN BE IMPLEMENTED AT TRIAL. ...................................................... 29 ‡ The Federal Courts Law Review is a publication of the Federal Magistrate Judges Association. Editing support is provided by the members of the Mississippi Law Journal. * Allan G. King is a shareholder in the Austin office of Littler Mendelson, P.C. He holds a B.A. degree from the City College of New York, an M.S. and Ph.D. in economics from Cornell University, and a J.D. from the University of Texas School of Law. ** Andrew Gray is an associate in the Austin office of Littler Mendelson, P.C. He holds a B.A. from The University of Texas at Austin, and a J.D. from the University of Texas School of Law. 1 Interview by Christina Radish with Mila Kunis, Actress (Nov. 23, 2010), http://collider.com/mila-kunis-interview-black-swan/ [https://perma.cc/36NJ-WFQF].
    [Show full text]
  • Predicting the Black Swan Ludic Fallacy and Self-Healing in Future Cellular Networks Janne Ali-Tolppa, Nokia Bell Labs, Munich, Germany
    Predicting the Black Swan Ludic Fallacy and Self-Healing in Future Cellular Networks Janne Ali-Tolppa, Nokia Bell Labs, Munich, Germany Abstract: Nassim Nicholas Taleb developed what he calls the black swan theory to describe the often inappropriate rationalization people have with hindsight on unexpected, unpredictable but catastrophic events, which gives rise to the demand to be able to predict them. He derives from it the concept of ludic fallacy, which is an argument against applying naïve and simplified, game-like statistical models on complex domains. The argument centers on the idea that predictive models are based on simplified ideal forms, which ignore the incredible complexity of reality. Because of this, what we tend to see, post hoc, as a failure of the predictive capability of a model, may very well be a Black Swan, something that was real, but unpredictable or predictable only after the fact. In future cognitive mobile networks, where ultra-reliable services are required, we can engineer the networks to be robust against any known possible problems, but how to make them resilient also in case of unforeseen ones? Can more cognition in the mobile network self-healing methods help us to predict and prevent the completely unexpected and catastrophic failures? Mobile networks are definitely a very complex domain and the problems highlighted with the ludic fallacy are relevant. After a failure, when we know, which features to look at, it may seem to have been predictable, but if a similar failure has never occurred before in a given context, the system has no way of knowing which features to look at for the prediction.
    [Show full text]
  • Black Swan Theory: We Know Absolutely Nothing & the finding of Atypical Events Optimization-Method
    Black Swan Theory: We know absolutely nothing & the finding of atypical events optimization-method Carlos Castro Correa Risk Specialist - Senior Actuary, AXA Mexico. Applied Mathematician, ITAM. e-mail address 1: [email protected] e-mail address 2: [email protected] Mexico City. Abstract Even if we dont understand it, Black Swans have turned the most important events in the modern history. Based in the presumption that all the swans are white, because all the swans observed before were white, until an explorer discovered one black; the Old World state- ment of impossibility “black swan” were used to describe anything “impossible or not existing”. Introduced in the Nassim Nicholas Taleb book: “Fooled by randomness”, the Black Swan Theory show us the possibility to expect the impossible. In fact, we can identify three 1 main features of black swan events: • After the occurrence of the event, explanations are formulated making it predictable or expectable. • The event has extreme impact. • The event is unexpected or not probable. Black Swan events have occurred in different modern activities: 9/11 events, 2008 eco- nomic crisis, the rise of internet etc. We are specially interested in financial and risk manage- ment black swan events; the secondary purpose of this paper is to analyze the common Normal distribution utilization in the risk models and their main weakness to forecast black swan (fre- quently after-occurrence modeled as fat tales distribution). The objective is not present a tech- nical model to predict Black Swans but establish the limitations of our estimation techniques. Despite limitations forecast techniques, it is usually required a classification of typical and atypical (Black Swan) observations.
    [Show full text]
  • Black Swan and Decision Analysis Jack Kloeber DAAG Conference 2010
    Presenting: Nassim Taleb’s Black Swan and Decision Analysis Jack Kloeber DAAG Conference 2010 DAAG is the annual conference of the SDP. To find out more about SDP or to become a member, visit www.decisionprofessionals.com Nassim Taleb’s Black Swan and Decision Analysis Presented at 2010 DAAG By Jack Kloeber Kromite, LLC Have you ever seen a black swan? A Black Swan (Cygnus Atratus) in the Singapore Botanical Gardens. Img by Calvin Teo (Own work). Permission / CC‐BY‐SA‐3.0 or CC BY‐SA 2.5‐2.0‐1.0, via Wikimedia Commons. We found black swans showing up in art, literature, TV…. • From Wikipedia, the free encyclopedia • Jump to: navigation, search • Black Swan is the common name for Cygnus atratus, an Australian waterfowl. • Black Swan may also refer to: • [edit] Arts, literature, TV, and film • Books and stories: – The Black Swan (1932), pirate adventure novel by Rafael Sabatini – The Black Swan (Mann novella) (1954), short book by Thomas Mann – The Black Swan (1994), work of short fiction by Grace Andreacchi – "Black Swans" (1997), essay by psychologist Lauren Slater – The Black Swan (Lackey novel) (1999), fantasy novel by Mercedes Lackey – Black Swan Green (2006), novel by David Mitchell – The Black Swan (Taleb book) (2007), book about uncertainty by Nassim Nicholas Taleb • TV and Films: – "Black Swan", an episode from the American TV series FlashForward – The Black Swan (film), a 1942 swashbuckler film adapted from the novel by Rafael Sabatini – "The Black Swan", Curb Your Enthusiasm episode – Black Swans (2005), Dutch drama – Black Swan
    [Show full text]
  • Radicalisation of Existence and Identity Recognizing the Global Emergence and Influence of Daimonic Dynamics -- /
    Alternative view of segmented documents via Kairos 23 March 2015 | Draft Radicalisation of Existence and Identity Recognizing the global emergence and influence of daimonic dynamics -- / -- Introduction Indicative forms of radicalisation of existential focus Metaphorical clues to radicalisation of existence and identity Daimonisation as answering a radical question? Clues to radicalisation from astrophysics and solar evolution Clues to radicalisation from nature and the environment Clues to radicalisation from matter and its organization Radical implications of daimonisation for weather and climate change? Waveforms, catastrophe, singularity and annihilation Radicalisation in the light of mathematics (geometry, topology and logic) Metaphysics, mysticism and meditation Existence within daimonic reality? Identity within daimonic reality? References Introduction This follows from previous exploration of the condition of "radical" as being increasingly considered highly problematic for society -- and the consequent demonisation of radical action (Radicalisation versus Demonisation? Enabling radical initiatives under conditions of strategic stalemate, 2015). That process follows from the black-or-white contrast distinguishing "radical" from "normal", as previously discussed (Norms in the Global Struggle against Extremism: "rooting for" normalization vs. "rooting out" extremism? 2005; Eradication as the Strategic Final Solution of the 21st Century? 2014). With respect to demonisation, the argument concluded with indication of the subtler insights highlighted by various authors and traditions concerning the daimonic as reframing overly simplistic understandings of that contrast. Hence the consideration there of the possibility of "daimonisation", in contrast to "demonisation", as indicative of a means of fruitfully reframing "radicalisation". That argument arose from concern that the sense of "radical", and of "radical action" of any kind, tended to focus almost exclusively on description and explanation from a "normal" conventional framework.
    [Show full text]
  • The Black Swan Free
    FREE THE BLACK SWAN PDF Mercedes Lackey | 416 pages | 25 May 2000 | Penguin Putnam Inc | 9780886778903 | English | New York, NY, United States Black Swan () - IMDb The Black Swan black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight. The term was popularized by Nassim Nicholas Taleb, a finance professor, writer, and former Wall Street trader. Taleb wrote about the idea of a black swan event in a book prior to the events of the financial crisis. Taleb argued that because black swan events are impossible to predict The Black Swan to their extreme rarity, yet have catastrophic consequences, it is important for people to always assume a black swan event is a possibility, whatever it may be, and to try to plan accordingly. Some believe that diversification may offer some protection when a black swan event does occur. Taleb later used the financial crisis and the idea of black swan events to argue that if a broken system is allowed to fail, it actually strengthens it against the catastrophe of future black The Black Swan events. He also argued that conversely, a system that is propped up and insulated from risk ultimately becomes more vulnerable to catastrophic loss in the face of rare, unpredictable events. Taleb describes a black swan as an event that 1 is so rare that even the possibility that it might occur is unknown, 2 has a catastrophic impact when it does occur, and 3 is The Black Swan in hindsight as if The Black Swan were actually predictable.
    [Show full text]
  • 'Black Swan Effect' on Croatian Stock Market Between 2000 and 2013
    Volume 6 No 1 (2016) | ISSN 2158-8708 (online) | DOI 10.5195/emaj.2016.92 | http://emaj.pitt.edu Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013 Anita Radman Peša University of Zadar | [email protected] Ana Brajković University of Zadar | [email protected] Volume 6 No 1 (2016) | ISSN 2158-8708 (online) | DOI 10.5195/emaj.2016.92 | http://emaj.pitt.edu | Abstract We tested the economic activity and stock exchange of Croatia as a new country of European Union (EU) in order to investigate the ‘Black Swan effect’ from 2000 to 2013. The empirical findings obtained in application of OLS methodology and Chow breaking point test provide evidence and show that resignation of the Croatian ex-Prime Minister did lead country successfully to EU. Also, ‘The Black Swan’ event, being unpredictable and having huge impact on political and economic environment in Croatia obtained through CROBEX, had effect on Croatian stock exchange indices. Authors conclude that, the resignation was connected to one of the first significant cases of corruption in Croatia which had a negative impact on the economic development of the country in general, dealing at the same time with global recession. JEL-Classification: E44, F36, F43, F47, G15 Keywords: financial integration, stock exchange, world crisis, corruption, Black Swan New articles in this journal are licensed under a Creative Commons Attribution 3.0 United States License. This journal is published by the University Library System of the University of Pittsburgh as part of its D-Scribe Digital Publishing Program, and is cosponsored by the University of Pittsburgh Press.
    [Show full text]
  • Prof. Anna Maria Variato A.A. 2015-2016
    Macroeconomic Dynamics a.a. 2017-2018 Prof. Anna Maria Variato a.a. 2015-2016 Prof. AnnaMaria Variato 1 Macroeconomic Dynamics a.a. 2017-2018 The relevance of minskian contribution in the explanation of empirical facts: the subprime crisis The role of FIH as a paradigm to explain macroeconomic dynamics Is the FIH the only relevant “piece of explanation” even for Minsky himself? Main references: • A. Vercelli, (2010), Minsky moments, Russell chickens and grey swans: the methodological puzzles of financial instability analysis, in «Minsky, crisis and develpment», Tavasci and Toporowski (eds.) St. Martin Press, McMillan, 15-31 • A. Vercelli, (2011), A Perspective on Minsky moments, revisiting the core of the financial instability hypothesis, Review of Political Economy, v. 23, 49-67 • A. Variato, (2015), Can we say Minsky moment when households matter?, in «Cycles, Growth and the Great Recession», Cristini, Fazzari, Greenberg and Leoni (eds.), Routledge, London, 25-44 Prof. AnnaMaria Variato 2 Macroeconomic Dynamics a.a. 2017-2018 … to be … or not to be Finance Money Liquidity Solvency Fragility Stability Endogeneity Exogenous shocks Fairness Efficiency Uncertainty Irreversibility All agents Firms Real effects Nominal Effects Aspects emphasized by Minsky Standard issues Prof. AnnaMaria Variato 3 Macroeconomic Dynamics a.a. 2017-2018 Issues raised by Minsky Empirical: Suitable for the explanation of recent events? Yes, Yes but, No, Who cares? From theoretical to methodological: Is the Financial Instability Hypothesis
    [Show full text]
  • Global Governance As a Riddle but Is a Solution the Answer to the Question? -- /
    Alternative view of segmented documents via Kairos 26 November 2018 | Draft Global Governance as a Riddle But is a solution the answer to the question? -- / -- Introduction Evocation of a court jester? Challenge to binary thinking? Disassociation of humour from governance? Surprise? Wonder? Framing the riddle? Missing insight? Surreal embodiment of requisite complexity? Solving the riddle? Riddle of governance as a question? Framing the paradox of a surreal context as a riddle? Living with a riddle -- or within one? References Produced on the occasion of the 13th Annual Meeting of the Group of Twenty (G20), in Buenos Aires (2018) Introduction Given the current condition of global civilization, and the capacity of global governance to respond to it, there is a case for exploring the challenge of global governance in terms of a riddle. There is of course a long history to framing the response to dilemmas through the use of a riddle of some form -- potentially to be understood as a a puzzle to be solved. Wikipedia suggests that two types of riddle are to be distinguished. Enigmas are problems generally expressed in metaphorical or allegorical language that require ingenuity and careful thinking for their solution. By contrast, conundra are questions relying for their effects on punning in either the question or the answer. Riddling is recognized in many cultures -- some riddles being shared across cultures. Curiously however, riddles have in the past few decades ceased to be part of oral tradition, being replaced by other oral-literary forms, and by other tests of wit such as quizzes. (Annikki Kaivola-BregenhØj, Riddles: Perspectives on the Use, Function, and Change in a Folklore Genre, Studia Fennica, Folkloristica, 2001).
    [Show full text]
  • SCIENTIFIC THINKING to Remedy “Black Swans,” “Wicked Probl
    SCIENTIFIC THINKING to Remedy “Black Swans,” “Wicked Problems,” and Assorted Science/ Policy Failures Vic Baker Regents’ Professor of Hydrology and Atmospheric Sciences, Geosciences, and Planetary Sciences, The University of Arizona, Tucson, Arizona 1. Science-as-process of inquiry, serving as a continually updated guide to action SCIENCE, NOT as facts, but as ACTS 2. Black Swans - surprising extreme-impact events that exceed expected possibilities 3. Wicked Problems - unique, seemingly endless questions without true or false answers, that get viewed from conlicting perspectives, and whose supposed “solutions” lead to yet more wicked problems 4. Failure of Science-as-knowledge, effectively serving as the authoritative basis for wise, publically understood action Philosophy is not so popular these days: Philosophy: a discipline offering "worthless courses" that offer "no chances of geng people joBs” Governor Pat McCrory North Carolina "We need more welders and less philosophers" Senator Marco Rubio Although all the humanies suffer disdain, philosophy keeps on aracng special negave aenon -- perhaps because in addion to appearing worthless, it also appears vaguely suBversive. Across the naon there's unbounded adulaon for the STEM disciplines, which seem so profitable. Martha Nussbaum (Huffington Post, 3/14/2016) Science is above all an acLvity and an atude, held by a community of like-minded invesgators, who are passionately driven by their desire to uncover the truths of nature. In order to pursue this inquiry into nature it is actually necessary to have uncertainty, not to suppress it. How could one possibly do science, as just defined, if its subject maer consisted of facts and absolute truths? There would be nothing to pursue.
    [Show full text]
  • From Financial Crisis to Stagnation
    From Financial Crisis to Stagnation The U.S. economy today is confronted with the prospect of extended ­stagnation. This book explores why. Thomas I. Palley argues that the Great Recession and the destruction of shared prosperity are due to flawed eco- nomic policy over the past thirty years. One flaw was the growth model adopted after 1980 that relied on debt and asset price inflation to fuel growth instead of wages. The second flaw was the model of globalization that created an economic gash. Financial deregulation and the house price bubble kept the economy going by making ever more credit ­available. As the economy cannibalized itself by undercutting income distribution and accumulating debt, it needed larger speculative bubbles to grow. That pro- cess ended when the housing bubble burst. The earlier post–World War II economic model based on rising middle-class incomes has been disman- tled, while the new neoliberal model has imploded. Absent a change of policy paradigm, the logical next step is stagnation. The political challenge we face now is how to achieve paradigm change. Thomas I. Palley is an economist living in Washington, D.C. He is cur- rently an associate of the Economic Growth Program of the New America Foundation in Washington, D.C. He was formerly chief economist with the U.S.-China Economic and Security Review Commission. Prior to join- ing the Commission, he served as director of the Open Society Institute’s Globalization Reform Project and as assistant director of Public Policy at the AFL-CIO. Dr. Palley is the author of Plenty of Nothing: The Downsizing of the American Dream and the Case for Structural Keynesianism (1998) and Post Keynesian Economics (1996).
    [Show full text]