The Crisis in Global Relations - Nicola Capelluto
KORTE INHOUD
It was August 2007 when the crisis broke out in the heart of American and European imperialism. The depth of the financial crisis was revealed in a whirlwind acceleration starting from the spring of 2008. Between March and September about ten of the biggest American financial institutions failed. In the same period in Europe, a similar number of banks were saved by governments or other banks. The catastrophe was mainly concentrated in the month of September, and has gone down in the collective memory in a simplified form : "the collapse of Lehman Brothers". The panic that ensued set off the recession. The recession was braked by huge public, fiscal, and monetary interventions, but above all by emerging Asia, which continued to grow at an almost 7% rate while the advanced economies were retreating by 3.2%. But without that vast world area that kept its engines revved up, the recession of the mature economies would have been much longer, and it would have been much harder to curb the initial protectionist press...
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2011Uitgever: SCIENCE MARXIST384 paginasTaal: EngelsISBN-10: 2912639476ISBN-13: 9782912639479Koop dit boek tweedehands
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