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The Impact of the Global Economic Crisis on Brazil from 2008 to the Present

In: Latin America after the Financial Crisis

Author

Listed:
  • Paul Cooney
  • Gilberto Marquez

Abstract

In this chapter, we begin with a short introduction, followed by a summary of the crisis that most argue began in 2008, and although some argue that it ended in 2010, we consider it to still be ongoing, particularly in Europe. In any case, we first present a description of the main events associated with the crisis, which is increasingly referred to as the “Great Recession.” Then, we present a summary of the mortgage crisis in the United States, the financialization of the global economy, and in particular, the role of fictitious capital, in an overall analysis addressing accumulation and profitability for global capital.

Suggested Citation

  • Paul Cooney & Gilberto Marquez, 2016. "The Impact of the Global Economic Crisis on Brazil from 2008 to the Present," Palgrave Studies in Latin American Heterodox Economics, in: Juan E. Santarcángelo & Orlando Justo & Paul Cooney (ed.), Latin America after the Financial Crisis, chapter 4, pages 59-86, Palgrave Macmillan.
  • Handle: RePEc:pal:pslchp:978-1-137-48662-2_4
    DOI: 10.1057/9781137486622_4
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    Cited by:

    1. Mpoha, Salifya & Bonga-Bonga, Lumengo, 2021. "Spillover effects from China and the US to global emerging markets: a dynamic analysis," MPRA Paper 109349, University Library of Munich, Germany.

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