The Global Economic Crisis of 2008-2009

摘要

G. Rapoport is a Doctor of Technical Sciences, professor, and consultant and A. Gerts is a consultant for Rapidware Pty Ltd. (Australia). Translated by James E. Walker. The authors consider the recent global crisis as the superposition of several regional crises that occurred simultaneously but for different reasons. However, these crises have something in common: developed countries tend to maintain a certain level of social security without increasing real production output. This policy has resulted in trade deficits and the partial destruction of market mechanisms.