DISRUPTING SHOCKS IN POSTWAR GLOBAL ECONOMIC EXPANSION

Dumitru Filipeanu and Florin-Alexandru Luca
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Dumitru Filipeanu: Universitatea Tehnică “Gheorghe Asachi” din Iaşi, DPPD – Economie si Marketing

Management Intercultural, 2016, issue 35, 21-27

Abstract: The coherence of the global economic system, created by its upswing in the first postwar decades, started to crumble in the ’70s. The destabilizing shocks affected the entire world, but in an uneven manner, in different geographical areas and at different times, being felt most acutely, with devastating economic and social effects, in Third World countries. Although the developed countries were affected as well, they always had means to combat or to diminish the adverse effects of the crises, leading to "gentler" consequences. This paper focuses on four main aspects in postwar global economic expansion, namely: the ’70s – the international monetary crisis and the oil shocks; the foreign debt crisis; the Latin American debt crisis, the Asian financial crises and the current global crisis.

Keywords: Economic crisis; Inflation; Unemployment; Developed countries; Developing countries (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:interc:y:2016:i:35:p:21-27

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