2008 Drama: From Economic Miracle to Economic Crisis

Vladimir Mau

Voprosy Ekonomiki, 2009, issue 2

Abstract: The paper discusses the roots of the current global economic crisis and anti-crisis policies. The depth of the crisis is explained by interconnection of different factors, among others: globalization with the highest world economy growth rates that resulted in accumulation of deep disproportions; failures of economic policy in leading industrial nations (including pro-cyclical policy in the US); problems of Russian economic policy substantially deteriorated at the times of high oil prices; important changes in the technological basis of economic development. This is followed by the analysis of specific features of anti-crisis policy in Russia comparing with Western developed economies. Stagflation is considered to be the key challenge for Russia while other countries are fighting deflation.

Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.vopreco.ru/jour/article/viewFile/835/836 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:835

DOI: 10.32609/0042-8736-2009-2-4-23

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().