Abstract
The global economic crisis that began in 2007–2008 was one of the four worst crises that capitalism has experienced.1 A distinctive characteristic in this case is that the adverse impact in the first world was harsher than in the periphery, in contrast to crises in recent decades. In fact, the growth rate of GNP for the G7 was-3.7% in 2009, and fast-growing China suffered a deceleration, with growth rates dropping from 10% to 7.5% for two quarters.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
References
Cass, Deborah, Brett Williams, and Barker, George (2003) China and the World Trading System. Entering the New Millennium. New York: Cambridge University Press.
Chang, Han Joon (2002) Kicking Away the Ladder: Development Strategy in Historical Perspective. London: Anthem Press.
Cooney, P. (2010) “Late Neoliberalism,” in Brazil: Social and Economic Impacts of Trade and Financial Liberalization in Confronting Global Neoliberalism-Third World Resistance and Development Strategies, edited by Richard Westra. Atlanta: Clarity Press Inc.
Gonçalves, Reinaldo (fevereiro 2012) “Governo Lula e o nacional-desenvolvi-mentismo Ă s avessas,” Revista da Sociedade Basileira de Economia PolĂtica, 31: 5–30.
Gonçalves, Reinaldo (janeiro 2014) “Balanço CrĂtico da economia brasileira nos governos do Partido dos Trabalhadores,” Revista da Sociedade Brasileira de Economia PolĂtica, 37: 7–39.
Harvey, D. (2005) A Brief History of Neoliberalism. Oxford University Press, London.
Lo, Dic and Yu Zhang (March 2011) “Making Sense of China’s Economic Transformation,” Review of Radical Political Economics, 43(1): 33–55.
Ocampo, J. A. (2009) “La crisis económica global: impactos e implicaciones para América Latina,” Nueva Sociedad No 224, noviembre-diciembre de 2009.
Robinson, William I. (2008) Latin America and Global Capitalism: A Critical Globalization Perspective. Baltimore: John Hopkins University Press.
Santarcangelo, J. “Growth, employment and income distribution in Argentina,” Review of Radical Political Economics, Volume 49(1) (forthcoming 2017).
Sklair, L. (2001) The Transnational Capitalist Class Oxford: Blackwell.
Trindade, J. R. and Oliveira, W. (2014) “PadrĂŁo de Especialização Primária Exportadora e Dinâmica de DependĂŞncia nas duas Ăšltimas DĂ©cadas na Economia Brasileira,” BrasĂlia: IPEA, 1–29.
Trindade, J. R., Cooney, P., and Oliveira, W. (in press) “Industrial Trajectory and Economic Development: Dilemma of the Reprimarization of the Brazilian Economy,” Review of Radical Political Economics, 48(2).
Editor information
Copyright information
© 2016 Paul Cooney, Orlando Justo, and Juan E. Santarcángelo
About this chapter
Cite this chapter
Cooney, P., Justo, O., Santarcángelo, J.E. (2016). The Aftermath of the Global Crisis in Latin America: General Remarks and Future Perspectives. In: Santarcángelo, J.E., Justo, O., Cooney, P. (eds) Latin America after the Financial Crisis. Palgrave Studies in Latin American Heterodox Economics. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137486622_10
Download citation
DOI: https://doi.org/10.1057/9781137486622_10
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-56487-3
Online ISBN: 978-1-137-48662-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)