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Tiempos de incertidumbre. Causas y consecuencias de la crisis mundial

Author

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  • César Ferrari

    (Universidad Javeriana)

Abstract

In September 2007, a serious financial crisis became evident in the developed countries, due to serious mistakes in economic policy. Even against their own ideology, governments have not spared measures to reduce its effects, have failed to contain it, and it advances towards a global recession of uncertain depth and duration. The crisis has already changed the theoretical and practical paradigms that have dominated the academic and policy worlds in the last three decades. It will also cause serious effects in the fragile economic, social and political equilibriums of the developing countries, especially in Latin America because of its dependence on raw materials production, remittances and external capitals flows that are diminishing rapidly. The crisis will lead to a new state-market relation and to new paradigms with large Keynesian influence, and from this, will grow a new opportunity for Latin America, if it consolidates a new way of managing its economy.

Suggested Citation

  • César Ferrari, 2008. "Tiempos de incertidumbre. Causas y consecuencias de la crisis mundial," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(19), pages 55-78, July-Dece.
  • Handle: RePEc:rei:ecoins:v:10:y:2008:i:19:p:55-78
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    File URL: http://www.uexternado.edu.co/facecono/ecoinstitucional/workingpapers/cferrari19.pdf
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    References listed on IDEAS

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    1. Friedman, Milton, 1966. "Essays in Positive Economics," University of Chicago Press Economics Books, University of Chicago Press, number 9780226264035, Febrero.
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    Cited by:

    1. Carlos Alberto Montoya Corrales, 2010. "Crisis financiera y Económica mundial a la luz la encíclica la caridad en la verdad""," Revista Ciencias Estratégicas, Universidad Pontificia Bolivariana, June.

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    More about this item

    Keywords

    economic crisis; financial crisis; recession; economic policy; economic paradigms;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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