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American Divergences in the Great Recession, Paperback / softback Book

American Divergences in the Great Recession Paperback / softback

Part of the Routledge Studies in the History of the Americas series

Paperback / softback

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Globalization is quite different from internationalization: the by-now global market economy overwhelmed the sovereignty of the old national states.

Close to the 2007 crisis, some de-coupling effects were consequent in most developed countries in comparison with the ex-Third World.

Latin America seemed to entail a "divergence" with the First World, as unlike the past, it was not hit by the financial crisis, but old historical fragilities invalidated the short positive cycle produced by high international prices.

This work deals with this crisis and its basic differences from the older crises of the Thirties and Seventies.

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