The Global Stagnation and China

Five years after the Great Financial Crisis of 2007-09 began there is still no sign of a full recovery of the world economy. Consequently, concern has increasingly shifted from financial crisis and recession to slow growth or stagnation, causing some to dub the current era the Great Stagnation. Conc...

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Bibliographic Details
Published in:Monthly review (New York. 1949) 2012-02, Vol.63 (9), p.1-28
Main Authors: Foster, John Bellamy, McChesney, Robert W
Format: Article
Language:English
Subjects:
Capitalism
China (People's Republic)
Economic conditions
Economic Crises
Economic crisis
Economic Development
Economic Recession
Exports
Forecasts and trends
Growth models
International finance
Market trend/market analysis
Multinational corporations
Peoples Republic of China
Recessions
Wages & salaries
Workers
World Economy
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Summary:Five years after the Great Financial Crisis of 2007-09 began there is still no sign of a full recovery of the world economy. Consequently, concern has increasingly shifted from financial crisis and recession to slow growth or stagnation, causing some to dub the current era the Great Stagnation. Concerns regarding the future of the Chinese economy are now widespread. Few informed economic observers believe that the current Chinese growth rate is sustainable; indeed, many believe that if China does not sharply alter course, it is headed toward a severe crisis. Adapted from the source document.
ISSN:0027-0520
0027-0520
DOI:10.14452/MR-063-09-2012-02_1