The Great Recession of 2008: A Curtain Raiser

Piya Mahtaney

Chapter 2 in Globalization and Sustainable Economic Development, 2013, pp 23-39 from Palgrave Macmillan

Abstract: Abstract The pathway that begins with the mobilization of financial capital and leads to an expansive increase in the socioeconomic mobility of a nation’s population is one of the most important pillars of development. Impediments on this path obstruct and restrict development and are largely a consequence of an uneven allocation and management of financial and nonfinancial capital. Be it the advanced nations or developing countries such as India and China, it is imperative to improve the deployment and utilization of financial capital. It thus becomes important to understand the structural causes that underlie weaknesses in the way capital is managed.

Keywords: Credit Default Swap; Financial Capital; Great Recession; Economic Progress; Fiscal Deficit (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02499-2_3

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DOI: 10.1057/9781137024992_3

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