Terms of trade movements and the global economic crisis
AbstractDramatic changes in the relative prices of goods in international trade have accompanied, and indeed preceded, the recent global crisis. The causes and effects of the relative price changes are analysed by applying the analysis of business cycles developed by Joseph Schumpeter. Schumpeter’s analysis emphasises innovation and structural change (particularly creative destruction) which impart uneven development on the economy and can foster financial crises. This puts the current crisis in the context of long-wave development of the capitalist system and leads to predictions about the likely path of price and output changes over the next few decades.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal International Review of Applied Economics.
Volume (Year): 25 (2011)
Issue (Month): 5 (October)
Contact details of provider:
Web page: http://www.tandfonline.com/CIRA20
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.