The authors consider the recent global crisis as the superposition of sev- eral regional crises that occurred simultaneously but for different reasons. However, these crises have something in common: developed countries tend to maintain a certain level of social security without increasing real production output. This policy has resulted in trade deficits and the partial destruction of market mechanisms.
CITATION STYLE
Rapoport, A., & Gerts, A. (2010). The Global Economic Crisis of 2008-2009. Problems of Economic Transition, 53(6), 45–62. https://doi.org/10.2753/pet1061-1991530603
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