Titlebook: Emerging Economies During and After the Great Recession; Philip Arestis (Director of Research and Professor Book 2016 The Editor(s) (if ap

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https://doi.org/10.1007/978-3-8348-2561-2The prospects for the future depend, thus, on the rivalry between the political-economic forces behind the two models. And the outcome of the rivalry will be of fundamental importance given the fact that China has already become a globally significant centre of production, holder of financial resources, and carrier of outward direct investment.

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Mutationstheorie der Geschwulst-Entstehunging to the creation of bubbles. This chapter investigates the transmission mechanisms that seem to be in operation in this regard; and will conclude by offering policy recommendations to the emerging economies to reduce their exposure to external vulnerabilities.

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https://doi.org/10.1007/978-3-658-02144-3ave been some significant shifts in the policy narrative: on ‘expansionary austerity’, on inequality and redistribution and on the political economy aspects of the reform process in ACTs. The chapter concludes that these shifts are merely cosmetic changes.

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https://doi.org/10.1007/978-3-658-23222-1 growth model dependent on cheap labour, speculative financial capital inflows, a construction boom and a high trade deficit, would have experienced a crisis sooner or later even without the impact of the Great Recession.

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Main and Contributory Causes of the Recent Financial Crisis and Economic Policy Implications,th of China; the monetary policy pursued by countries over the period leading to the crisis; and the role played by the credit rating agencies. We discuss the economic policy implications of the financial crisis before we summarize and conclude.

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