Strategic framework of 'renewable growth'

The world economic crisis that broke out in 2008 opened up a new chapter in the history of economics. The view that economics, analysing the causes of major crises in the past, had created a significant number of effective solutions to maintain the necessary balance under market economy conditions i...

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Bibliographic Details
Published in:Development and finance : quarterly Hungarian economic review 2009-01, Vol.4, p.3-12
Main Author: Szabó, László
Format: Article
Language:English
Subjects:
Development
Economic crisis
Economic growth
Economic planning
Economic policy
Economic stability
Economic strategies
Finance
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Summary:The world economic crisis that broke out in 2008 opened up a new chapter in the history of economics. The view that economics, analysing the causes of major crises in the past, had created a significant number of effective solutions to maintain the necessary balance under market economy conditions is no longer valid. It is also clear that economic stabilisers, mostly applied on a national basis, are steadily becoming less suited to overcoming the major disruptions to development that go hand in hand with the more open and widening international trade and financial processes.
ISSN:1589-3820