The Contemporary Crisis and its Determinative Factors within Globalization Framework

Cornel Grigorut (), Catalin Popa and Filip Nistor ()

Ovidius University Annals, Economic Sciences Series, 2013, vol. XIII, issue 1, 33-36

Abstract: In actual context of crisis prolongation becomes very important to find the triggering elements for economic and financial incentive on global scale. In present globalization framework, as authors have asserted, the optimum model for economic incentive is not the credit rebound but the prices diminishing attitude in order to equilibrate the power purchasing of real demand with the real values of aggregate incomes on markets. Afterwards, as the incomes are contracting in crisis phases and the normal attitude regarding the consumption recovery should not the credit incentive but the prices general deflation based on real production restructuring policies.

Keywords: globalization; financial system; crisis; economic system (search for similar items in EconPapers)
JEL-codes: F62 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:1:p:33-36

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