Tiempos de incertidumbre. Causas y consecuencias de la crisis mundial
Cesar Ferrari ()
Revista de Economía Institucional, 2008, vol. 10, issue 19, 55-78
In September 2007, a serious financial crisis became evident in the developed countries, due to serious mistakes in economic policy. Even against their own ideology, governments have not spared measures to reduce its effects, have failed to contain it, and it advances towards a global recession of uncertain depth and duration. The crisis has already changed the theoretical and practical paradigms that have dominated the academic and policy worlds in the last three decades. It will also cause serious effects in the fragile economic, social and political equilibriums of the developing countries, especially in Latin America because of its dependence on raw materials production, remittances and external capitals flows that are diminishing rapidly. The crisis will lead to a new state-market relation and to new paradigms with large Keynesian influence, and from this, will grow a new opportunity for Latin America, if it consolidates a new way of managing its economy.
Keywords: economic crisis; financial crisis; recession; economic policy; economic paradigms (search for similar items in EconPapers)
JEL-codes: E30 E50 E60 H11 L50 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.uexternado.edu.co/facecono/ecoinstituci ... apers/cferrari19.pdf (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:rei:ecoins:v:10:y:2008:i:19:p:55-78
Access Statistics for this article
Revista de Economía Institucional is currently edited by Alberto Supelano
More articles in Revista de Economía Institucional from Universidad Externado de Colombia - Facultad de Economía Cra. 1 No. 12-68 Casa de las Mandolinas. Contact information at EDIRC.
Series data maintained by Paola Rodríguez ().