INTERNATIONAL TRANSFERS IN THE PROCESS OF COMING OUT OF THE CRISIS  Cover Image

Transfery miedzynarodowe w warunkach wychodzenia z kryzysu
INTERNATIONAL TRANSFERS IN THE PROCESS OF COMING OUT OF THE CRISIS

Author(s): Katarzyna Żukrowska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: INTERNATIONAL TRANSFERS; CRISIS; RECESSION

Summary/Abstract: The article states that there were different reactions of states in their economic policy mix approach to the 2007/2008 crisis. This could be justified if polices were similar in homogenous groups of states, which represented similar level of development, but this was not always the case. The paper argues that policies applied are often ineffective as they reflect actions, instruments, approaches characteristic for national and protective economies, not international, open, integrated ones. It shows that relatively small fall in GDP was accompanied by much a larger drop of international trade and FDI flows. The above noticed decreases were distributed unevenly among economies from three major groups of states: developed, developing and emerging.

  • Issue Year: 2011
  • Issue No: 13
  • Page Range: 256-268
  • Page Count: 13
  • Language: Polish