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A crisis in the capitalist system is a kind of wake up call: speculative bubbles burst, the price of assets [8] moves back towards their real value; the least profitable corporations go bankrupt, and capital is destroyed [9]. Crises are in a way part of Capitalism's...
Both major wings of contemporary mainstream economists—'Retro Classicalists' and 'Hybrid Keynesians'—fail in fundamental ways to understand the qualitative characteristics of the economic crisis that continues to impact the U.S. and global economy. Neither wing has...
The former colony has become an unexpected source of jobs and investment for Portugal in the global downturn. Angola is Sub-Saharan Africa’s third largest economy, after South Africa and Nigeria (1). It is already one of Africa’s biggest oil producers, with an average...
‘Let’s put a value on Britain’s ecosystem services’ – the slogan has a nice ring to it. Perhaps we don’t fully understand the value of the wild plants, animals, and natural cycles around us, and if we did, we could appreciate and protect them better.But what is it...
The economic crisis that has shaken the world may have started in Wall Street, but it has been made much worse by the actions of both the European institutions and European member states.Much of the so-called debt crisis was caused not by states spending too much, but...
The financial crisis, which is haunting the industrialised countries – with heavy effects on the entire world – served as a catalyst for the emergence of the G20 as the ‘premier forum for economic cooperation’, as the G20 defined themselves in their mandate.But the...
“THE CRISIS OF 2007-2009, coming from the U.S. core of the globalized system, the crisis that threatens the weak links of the euro, and the third crisis that started to affect Eastern Europe in 2009 have a major common point. Whether we are talking about the United...
During the three years that have elapsed since the collapse of Lehman Brothers in 2008 –an event which heralded the most serious global financial crisis since the 1930s – CEPR’s policy portal Vox, under the editorial guidance of Richard Baldwin, has produced 15 books...
Q: In the context of global crisis, what is at stake at the G20 meeting under French presidency? The crisis is worsening, especially for the most industrialized countries. The governments of the so called "emerging" countries such as Brazil, China, India and Russia...