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The Aftermath of the Global Crisis in Latin America: General Remarks and Future Perspectives

In: Latin America after the Financial Crisis

Author

Listed:
  • Paul Cooney
  • Orlando Justo
  • Juan E. Santarcángelo

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.

Suggested Citation

  • Paul Cooney & Orlando Justo & Juan E. Santarcángelo, 2016. "The Aftermath of the Global Crisis in Latin America: General Remarks and Future Perspectives," Palgrave Studies in Latin American Heterodox Economics, in: Juan E. Santarcángelo & Orlando Justo & Paul Cooney (ed.), Latin America after the Financial Crisis, chapter 10, pages 229-248, Palgrave Macmillan.
    • Handle: RePEc:pal:pslchp:978-1-137-48662-2_10
    DOI: 10.1057/9781137486622_10
    as

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