GLOBAL ECONOMIC CRISIS AND NEW ECONOMIC PARADIGMS

After a long period of global economic growth, a number of financial and
economic factors have resulted in a deep crisis of capitalism. This crisis is due
to the excesses caused by liberalization and market deregulation since the
Eighties. Through different channels, the crisis in the housing market has had
an impact on the financial system, spreading to the main activity sectors. The
crisis has evolved into a recession as a result of the importance of international
finances in the new world economic order. The successful management of the
crisis requires a new macroeconomic paradigm as well as internationally coordinated
efforts. It also requires a new definition of the game rules agreed on by the various economic
agents that avoids counterproductive competitivenessseeking measures of wage disinflation.
Journal: 
26
Authors: 
Francisco Rodríguez Ortiz
Attached file: 

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