The effects of the global economic crisis in Latin America


Autoria(s): Guillén R.,Arturo
Data(s)

01/06/2011

Resumo

The aim of this article is to analyze the current phase of the global crisis and the way it has manifested itself in Latin America. The global crisis is the most important capitalist crisis since World War II. It is a new type of debt-deflation crisis, highlighting the limits of the finance-dominated regime of accumulation and characterized by securitization. Latin American countries have not been immune to the global crisis. Since it sets limits on globalization, the impossibility of maintaining export-driven accumulation sustained by restrictive monetary and fiscal policies becomes clear. This time, there will be no way out in external markets for any country. That fact will force them to restructure productive systems and search for a way out in domestic markets and in regional spaces for integration.

Formato

text/html

Identificador

http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572011000200001

Idioma(s)

en

Publicador

Editora 34

Fonte

Revista de Economia Política v.31 n.2 2011

Palavras-Chave #global crisis #latin america #deflation #recession #financialization
Tipo

journal article