Abstract
The global economic crisis that began in 2007–2008 was one of the four worst crises that capitalism has experienced.1 A distinctive characteristic in this case is that the adverse impact in the first world was harsher than in the periphery, in contrast to crises in recent decades. In fact, the growth rate of GNP for the G7 was-3.7% in 2009, and fast-growing China suffered a deceleration, with growth rates dropping from 10% to 7.5% for two quarters.
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© 2016 Paul Cooney, Orlando Justo, and Juan E. Santarcángelo
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Cooney, P., Justo, O., Santarcángelo, J.E. (2016). The Aftermath of the Global Crisis in Latin America: General Remarks and Future Perspectives. In: Santarcángelo, J.E., Justo, O., Cooney, P. (eds) Latin America after the Financial Crisis. Palgrave Studies in Latin American Heterodox Economics. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137486622_10
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DOI: https://doi.org/10.1057/9781137486622_10
Publisher Name: Palgrave Macmillan, New York
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