American Divergences in the Great Recession

Globalization is quite different from internationalization: the by-now global market economy overwhelmed the sovereignty of the old national states. Close to the 2007 crisis, some de-coupling effects were consequent in most developed countries in comparison with the ex-Third World. Latin America seemed to entail a "divergence" with the First World, as unlike the past, it was not hit by the financial crisis, but old historical fragilities invalidated the short positive cycle produced by high international prices. This work deals with this crisis and its basic differences from the older crises of the Thirties and Seventies.

List of contents

Introduction: The Dilemma of Currency  1. Without Gold and After the Dollar  2. Cycles of Crisis  3. Meanwhile, in Latin America...  4. The "Invisible Hand" of the Market.  Conclusions: "Do Those Who Don't Obey the Rules Win"?

About the author

Daniele Pompejano is full professor of the History of Latin America program at Università di Messina.

Summary

The 2007 Great Recession recorded a "divergence" between the crisis of the most developed countries and the Latin American upturn, nevertheless weakened by historical fragilities. This work deals with this crisis and its basic differences from the older crises of the Thirties and Seventies.

Product details

• Authors: Daniele Pompejano, Daniele (Universita DI Messina Pompejano
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 31.05.2023
• EAN: 9781032068589
• ISBN: 978-1-0-3206858-9
• No. of pages: 136
• Series: Routledge Studies in the History of the Americas
• Subjects: Non-fiction book > History > Miscellaneous; Latin America, SOCIAL SCIENCE / Human Geography, BUSINESS & ECONOMICS / Industries / General, North America, HISTORY / World, HISTORY / Social History, Social & cultural history, HISTORY / North America, HISTORY / Latin America / General, macroeconomics, General & world history, Economic Geography, Social and cultural history, General and world history, Latin America – Mexico, Central America, South America, History of the Americas, North America (USA and Canada), Economics of specific sectors