American Divergences in the Great Recession

Released on by Daniele Pompejano
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  • American Divergences in the Great Recession Book Detail

  • Author : Daniele Pompejano
  • Release Date : 2021-09-14
  • Publisher : Routledge
  • Genre : History
  • Pages : 144
  • ISBN 13 : 1000434680
  • File Size : 16,16 MB
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American Divergences in the Great Recession by Daniele Pompejano PDF Summary

Book Description: 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.

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