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Global Economic Crisis, a Catalyst for Reform
Global Economic Crisis, a Catalyst for Reform

Author(s): Mihaela Dumitrascu
Subject(s): Supranational / Global Economy, Economic history, Economic development
Published by: EDITURA ASE
Keywords: Global economy; economic crisis; reforms;

Summary/Abstract: The economic and politic problem of nowadays is the crisis that established since 2007, in United States of America and extended in the whole world starting with 2008. Crisis is neither good, nor bad. Could represents a crossroad. It gives us the opportunity to choose. It's not the first one and is similar with that one from 1929-1933- which was caused by overproduction. We have the temptation to compare them, but we can't, because this one is caused by overconsumption, is a systematic crisis, which put in question neoliberalism, liberalism and neoconservatorism. We have a crisis inrooted in lack of trust. [...]

  • Issue Year: 10/2009
  • Issue No: S2
  • Page Range: 1049-1051
  • Page Count: 3
  • Language: English
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