Advertisement

Global Economic Crisis in the Era of Regionalization

  • Andreas Themistocleous
Part of the International Political Economy Series book series (IPES)

Abstract

The current so-called global financial crisis has introduced new sociopolitical and socio-economic conditions due to its unprecedented intensity, depth, and duration. Since its genesis, various studies have attempted to determine the nature of the economic crisis as a phenomenon, especially its causes and its consequences. A significant number of analyses suggest that the outbreak and escalation of the crisis are the result of financial mismanagement by various economic actors both at international and regional levels (IMF, 2009a, b, c; Ivashina and Scharfstein, 2009; Pauly, 2005, pp. 181–85, 196–98; Popov and Ongena, 2011, p. 13). Others have argued that the crisis is artificial (e.g. Norberg, 2009; Roberts, 2011; Schranz and Eisenegger, 2011; Sinn, 2010) that is, a construction mainly created by non-state actors, such as rating agencies, in order to strike a balance in the global capital antagonisms.

Keywords

European Union International Monetary Fund Public Debt Global Context Private Ownership 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Andreas Themistocleous 2014

Authors and Affiliations

  • Andreas Themistocleous

There are no affiliations available

Personalised recommendations