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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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Published in: | Monthly review (New York. 1949) 2012-02, Vol.63 (9), p.1-28 |
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container_title | Monthly review (New York. 1949) |
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creator | Foster, John Bellamy McChesney, Robert W |
description | 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. |
doi_str_mv | 10.14452/MR-063-09-2012-02_1 |
format | article |
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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 |
title | The Global Stagnation and China |
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