The Aftermath of the Global Crisis in Latin America: General Remarks and Future Perspectives

Paul Cooney, Orlando Justo and Juan Santarcángelo ()

Chapter 10 in Latin America after the Financial Crisis, 2016, pp 229-248 from Palgrave Macmillan

Abstract: 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.

Keywords: International Reserve; Primary Good; Current Account Balance; Capital Flight; Global Crisis (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pslchp:978-1-137-48662-2_10

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DOI: 10.1057/9781137486622_10

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