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Causes And Consequences Of The 2008-2009 International Financial Crisis

Author

Listed:
  • ANDREESCU Eugen

    (Romanian Academy, Bucharest)

  • MOAGAR-POLADIAN Simona

    (Romanian Academy, Bucharest)

Abstract

The paper investigates the current crisis and its major consequences in a shifting world. Originated from the USA, the crisis spread in the world and disturbed its power distribution. The emerging countries development of the last two decades illustrates the catching-up process. The findings also confirm the increased role of the Chinese economy today. The Chinese growth in comparison with the USA economic path is a mirror for the future world architecture. The consequences of the international financial crisis are focused on the fact that the developed countries will lose gradually their privileges in the shifting of economic power.

Suggested Citation

  • ANDREESCU Eugen & MOAGAR-POLADIAN Simona, 2012. "Causes And Consequences Of The 2008-2009 International Financial Crisis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 25-29.
    • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:25-29
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/suplimente/Volume1-2012.pdf
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    More about this item

    Keywords

    crisis; catching-up process; new world;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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