Abstract

VIEIRA POSADA, Edgar. The financial crises of globalization. Civilizar [online]. 2014, vol.14, n.26, pp.115-132. ISSN 1657-8953.

In the twentieth century there was a debate between Keynesian and the market neoliberal economy school and the Keyneysian model prevail until the arrival of contemporary globalization, that adopted the neoliberal paradigm. Instead of a productive globalization a financial globalization was first developed which has led to recurring crises since 1929; the last one erupted in 2008 and it is still having a negative impact on the economic environment of the planet. The result has been to produce a very slow market self-regulation of the neoliberal model by introducing again monitoring and follow-up mechanisms by States and international organisms for predicting the occurrence of such serious crises for world economy.

Keywords : Globalization; financial crisis; keynesianism; neoliberal model.

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