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Neoliberalism, the Global Crisis, and the Ways Out


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  • Grzegorz W. Kolodko

    (TIGER - Kozminski University, Warsaw)

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    Due to the interdependence of the contemporary world economy, the great American crisis of 2008-2010 rapidly has become the global crisis. However, it is not just another, only larger than before crisis. It is a fundamental crisis of the capitalist market economy based on neoliberalism. Overcoming the resulting challenges calls not just for managing deep financial and structural imbalances, which were the direct causes of the recession, but requires deep changes in the underlying values, institutions and policies. These changes must be based on the coincidence theory of development and new pragmatism.

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    Bibliographic Info

    Article provided by SIPI Spa in its journal Rivista di Politica Economica.

    Volume (Year): (2011)
    Issue (Month): 3 (JULY-SEPTEMBER)
    Pages: 153-166

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    Handle: RePEc:rpo:ripoec:y:2011:i:3:p:153-166

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    Related research

    Keywords: world; globalization; development; transformation; crisis; recession; values; institutions; policie;

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