Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

14 The Western Slump and Global Reorganization

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

This chapter discusses several measures, mostly requiring multilateral action, by which the tendency towards deficient aggregate demand might be more permanently countered and fuller global employment sustained. If some or all of them were put into effect they would help stabilize the system by preventing countries from running external surpluses and deficits without limit. The chapter starts with the current crisis and the politics of reform. It shows, first, how reform momentum has dissipated, while the changes in the US and international financial regimes brought about by the crisis make the evolving system even more prone to regional or global crises than before. The chapter also shows how the national and international public policy response to the East Asian crisis of 1997-99 helped to create the conditions for the present crisis.

Keywords: East Asian crisis; global reorganization; international financial regimes; Western Slump



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Culture and Social Transformations — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation