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What is Really Happening Globally?

In: The Global Crisis Makers

Author

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  • Graeme Donald Snooks

    (Australian National University)

Abstract

The real global crisis, I argue in the opening chapter, is a hidden crisis. It is the consequence not of the slowdown in East Asia but of the neoliberal policies of the Western world. The economic problems that emerged in various parts of the world during the 1990s are a normal outcome of the global dynamic process. There is nothing unique about these problems and without the hidden crisis they will not lead to global depression. Yet this argument begs the questions: What is the global process that has produced the problems of East Asia and how will they be resolved? To answer these questions I briefly review the orthodox story and then I outline the real story – the strategic story.

Suggested Citation

  • Graeme Donald Snooks, 2000. "What is Really Happening Globally?," Palgrave Macmillan Books, in: The Global Crisis Makers, chapter 3, pages 33-56, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97798-9_4
    DOI: 10.1057/9780333977989_4
    as

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