American divergences in the great recession
"Globalization is quite different from internationalization: the by-now global market economy overwhelmed the sovereignty of the old national states. Close to the 2007 crisis, some de-coupling effects were consequent in most developed countries in comparison with the ex-Third World. Latin America seemed to entail a "divergence" with the First World, as unlike the past, it was not hit by the financial crisis, but old historical fragilities invalidated the short positive cycle produced by high in…
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- Full title :American divergences in the great recession / Daniele Pompejano.
Summary
"Globalization is quite different from internationalization: the by-now global market economy overwhelmed the sovereignty of the old national states. Close to the 2007 crisis, some de-coupling effects were consequent in most developed countries in comparison with the ex-Third World. Latin America seemed to entail a "divergence" with the First World, as unlike the past, it was not hit by the financial crisis, but old historical fragilities invalidated the short positive cycle produced by high international prices. This work deals with this crisis and its basic differences from the older crises of the Thirties and Seventies"--
Read More ↓Edition Statements
- Publication Date:©2022
Publication Statements
- Publisher(s):Routledge
- Place of Publication:Abingdon, Oxon
- Language:eng
- Publication Date:©2022
The Physical Object
- Description:1 online resource.
Edition Identifiers
- ISBN:9781000434705, 1000434702, 9781003025429, 1003025420, 9781000434682, 1000434680
- DOI:10.4324/9781003025429
- oclc:on1248598152
- LC Classification:HC125
- Dewey Decimal:330.98/00411
Table of Contents
Introduction: The Dilemma of Currency1. Without Gold and After the Dollar 2. Cycles of Crisis3. Meanwhile, in Latin America...4. The "Invisible Hand" of the MarketConclusions: "Do Those Who Don't Obey the Rules Win"?
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