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A new wave of the global debt crisis: the risks increase

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  • B. Kheyfets

Abstract

Unlike the formally overcome global financial and economic crisis, which began in 2008, the global debt crisis, having passed an acute phase, continues. The article shows the features of the current global debt crisis and analyzes the main trends of its manifestation. The problems of the largest regions and countries with high debt burden - the EU, the USA, Japan, and China - are considered in detail. The main strategies worked out to overcome the current debt crisis have been singled out, and their positive and negative sides for stable economic growth have been assessed. The emerging prerequisites for aggravating the global debt crisis are shown. It is concluded that there is a need to attract more attention of the international community to debt problems, which should become one of the priority goals of global governance.

Suggested Citation

  • B. Kheyfets, 2017. "A new wave of the global debt crisis: the risks increase," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 12.
    • Handle: RePEc:nos:voprec:y:2017:id:425
    DOI: 10.32609/0042-8736-2017-12-81-95
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