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A systemic crisis in the context of globalization: the Great Recession in the perspective of economic history, 1970-2008

Carles Manera (carles.manera@uib.es)
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Carles Manera: Universitat de les Illes Balears, Postal: Edifici Jovellanos, Crta Valldemossa, km 7,5 07122 Palma de Mallorca (Spain)

No 77, DEA Working Papers from Universitat de les Illes Balears, Departament d'Economía Aplicada

Abstract: The author argues in this work, the result of three years of research, that the Great Recession has the profile of a systemic crisis, in the sense that it is not only a single financial causes the trigger and at the same time, the crisis has questioned all the mechanisms of the system seemed to guarantee the impossibility of such severe as the crisis phenomenon since 2008. There are other factors to consider: crisis of accumulation, economic regulation and reduction of benefits, which point in this investigation and that, in turn, are the starting points for further work on the research agenda.

Keywords: Great Recession; economic crises; globalization; American economy; Asian economy; European economy; economic history since 1945 (search for similar items in EconPapers)
JEL-codes: B2 F4 N1 N2 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-his, nep-hpe and nep-pke
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