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The Real Global Crisis

In: The Global Crisis Makers

Author

Listed:
  • Graeme Donald Snooks

    (Australian National University)

Abstract

There is much talk today about the global crisis. It has become a popular topic in the media, in political circles, among the global gamblers and among economic ‘experts’. Evidence for global crisis, we are told, can be seen in the slowdown of the once buoyant Japanese economy, in the sudden transformation of the East Asian ‘miracle’ into a ‘meltdown’, in the failure of Russia’s transition to an instant market economy, and the reemergence of financial problems in Brazil. Even the sources of buoyancy in the United States are being questioned. Such talk sends the global gamblers into selling frenzies that further weaken the economies of these beleaguered countries.

Suggested Citation

  • Graeme Donald Snooks, 2000. "The Real Global Crisis," Palgrave Macmillan Books, in: The Global Crisis Makers, chapter 1, pages 11-20, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97798-9_2
    DOI: 10.1057/9780333977989_2
    as

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