CHAPTER 2. WHAT HAPPENED: THE ROOTS AND THE DEVELOPMENT OF THE ECONOMIC CRISIS IN THE UNITED STATES

1980 ◽  
pp. 78-137
Keyword(s):  
United States ◽  
Economic Crisis ◽  
The United States

The Economic Crisis

2013 ◽  
pp. 39-49
Author(s):  
Daniel Belingher ◽  
Cantemir Adrian Calin
Keyword(s):  
United States ◽  
Financial Markets ◽  
Economic System ◽  
Systems Theory ◽  
Economic Crisis ◽  
The United States ◽  
Entire System ◽  
Real Economy ◽  
Crisis Period ◽  
Real Gdp

The current chapter shows the gap between the real economy and the financial markets in the United States during the pre-crisis period at the end of 2007, as well as during the subsequent crisis period. The current research chapter also emphasizes the catastrophic effect that financial markets had inside the whole economic system due to this gap. The premise from which this chapter starts can be found in the systems theory and consists in Heinz von Foerster’s theorem. This research has an empirical nature and shows in which way an anomaly within the system can destabilize the entire system, finally resulting in the installation of the crisis period that we are still facing. In order to illustrate this, the authors refer to the evolution of the values of DJIA and real GDP, observed between mid 1940s until 2010 in the United States.

The Study of Symbiosis Question of Clusters Enterprise Value Chain in the “Post Crisis Era” - A Perspective Based on Value Network and Grid

2013 ◽  
Vol 291-294 ◽  
pp. 2845-2848
Author(s):  
Hua Bai Bu ◽  
Shi Zhen Bu
Keyword(s):  
United States ◽  
Economic Crisis ◽  
Value Chain ◽  
Theoretical Basis ◽  
World Economy ◽  
The United States ◽  
Enterprise Value ◽  
Value Network ◽  
The World ◽  
Global Economic Crisis

Along with the constant evolution of the world economy, the global economic crisis which was following the United States sub-prime loans crisis has entered “post crisis era”. However, it is still not resolved that this crisis has highlighted the problem of abnormal inner structure of clusters enterprise value chain in our country, and some developmental obstacles coexist in the cluster enterprises. This article addresses the realities of the “post crisis era” with value network and Grid as the starting points and puts forward a symbiotic path of cluster enterprises value chain, and then provides a theoretical basis for the decision about the symbiosis.

Soviet-American Relations Through the Cold War

2013 ◽  
Author(s):  
Vladimir O. Pechatnov
Keyword(s):  
United States ◽  
Economic Growth ◽  
Cold War ◽  
Soviet Union ◽  
Economic Crisis ◽  
The United States ◽  
Protracted Conflict ◽  
The Soviet Union ◽  
Economic Stagnation ◽  
The Cold War

This chapter analyzes the dynamics of the United States–Soviet Union relations during the Cold War. It describes the evolution of the “strategic codes” on both sides, and how they perceived the nature and prospects of the conflict. The chapter suggests that this relationship can be divided into a number of distinct stages. These include the assessment of the nature and possible prospects of the protracted conflict in 1945–1953, the growing competitiveness of the Soviet Union in the mid-1950s to the late 1960s, the slackening of Soviet economic growth in the late 1970s to the early 1980s, and the economic crisis and economic stagnation of the Soviet Union in the mid-1980s to 1991.

Myths and Realities in US-Cuban Relations

1993 ◽  
Vol 35 (2) ◽  
pp. 103-114
Author(s):  
Jaime Suchlicki
Keyword(s):  
United States ◽  
Economic Crisis ◽  
The United States ◽  
Fidel Castro ◽  
The Past ◽  
Soviet Empire ◽  
Dual Strategy ◽  
The One

The deepening economic crisis in Cuba, the collapse of the Soviet empire, an aging leadership and revolution, and mild overtures from Fidel Castro toward the United States have, together, served to encourage those US observers who believe that the time for rapprochement with Cuba has come. In this line of reasoning, closer relations with Cuba, particularly in the economic field, will both moderate Castro's penchant for revolution and lead, eventually, to the advent of perestroika on that troubled island.In the past, Castro has pursued a dual strategy in dealing with the United States. On the one hand, Havana has made rhetorical overtures designed to reduce tensions between the two countries.

Editorial Introduction to the Symposium on the Global Financial Crisis

2009 ◽  
Vol 17 (2) ◽  
pp. 103-108 ◽  
Author(s):  
Sam Ashman
Keyword(s):  
United States ◽  
Political Economy ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Global Financial Crisis ◽  
Banking System ◽  
Financial System ◽  
The United States ◽  
Editorial Introduction ◽  
The Global Financial Crisis

AbstractThe current global economic crisis is historically unprecedented in that it began when poor groups in the United States defaulted on their mortgage-payments and spread fear of 'toxic debt' through an internationalised financial system, bringing the banking system close to collapse and highlighting the very individualised nature of contemporary financial relations. The symposium explores contemporary finance and banking practices in the context of Marxist political economy seeking to develop the notion of financialisation and arguing that banks' increasing reliance on individual households as a source of profits amounts to a form of financial expropriation or additional profit generated in the sphere of circulation.

scholarly journals Public Deficits in USMCA Economies During the COVID-19 Economic Crisis

2021 ◽  
Vol 16 (3) ◽  
pp. 1-21
Author(s):  
Juan Alberto Vázquez Muñoz ◽  
Nancy Ivonne Muller Durán ◽  
Josué Zavaleta González
Keyword(s):  
United States ◽  
Time Series ◽  
Fiscal Policy ◽  
Empirical Analysis ◽  
Economic Crisis ◽  
The United States ◽  
Fiscal Reform ◽  
Potential Output ◽  
The Difference ◽  
Economic Capacity

This paper aims to evaluate the fiscal policy implemented by the USMCA economies to deal with the COVID-19 economic crisis. We estimate the economic capacity (potential output) and the Cyclical Primary Balance as a percentage of GDP (CPB) of each of the scrutinized economies. Then we obtain the Cyclical Adjusted Primary Balance as a percentage of GDP (CAPB) as the difference between the Primary Balance (PB) and the CPB. Unlike previous CPB estimations, we obtain the potential output reference as the Economic Capacity methodology (Shaikh and Moudud, 2004), which overcome some alternative methodologies problems. According to our empirical analysis, an asymmetric fiscal policy stands across USMCA economies. Canada and the United States are using a countercyclical fiscal policy, while Mexico uses a procyclical one. Mexico should abandon its current fiscal policy, implement an alternative to support households and firms during crisis periods, and execute a progressive fiscal reform. Our paper's limitation is that we use PB and not its components to estimate the CPB; however, we use a more extended time series, contributing to obtaining more robust results.

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