Emerging Economies During and After the Great Recession (eBook)

Philip Arestis is Professor and Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK, and Professor of Economics at the Department of Applied Economics, University of the Basque Country, Spain. He is also Distinguished Adjunct Professor of Economics, University of Utah, USA; Research Associate, Levy Economics Institute, New York, USA; Visiting Professor, University of Leeds, UK; and Professorial Research Associate, School of Oriental and African Studies (SOAS), University of London, UK. He also served (2005–13) as Chief Academic (External) Adviser to the UK Government Economic Service (GES) on Professional Development in Economics. He is holder of the 'Queen Victoria Eugenia' award of the British Hispanic Chair of Doctoral Studies, and was awarded 'homage' by the Brazilian Keynesian Association (AKB) for his contribution to the spread of Keynesianism in Brazil. He is also holder of the Fellow of the Academy of Social Sciences award of the Academy of Social Sciences for contributions to Social Sciences. He has published as sole author or editor, as well as co-author and co-editor, a number of books and papers in academic journals.Malcolm Sawyer is Emeritus Professor of Economics , Leeds University Business School, University of Leeds, UK. He is the principal investigator for the five year 15-partner project Financialisation, Economy, Society and Sustainable Development (www.fessud.eu) funded by the European Commission Framework Programme 7 (contract number: 266800). He is Managing Editor of the International Review of Applied Economics, on the editorial board of a range of journals and editor of the series New Directions in Modern Economics. He has published widely in the areas of post-Keynesian and Kaleckian economics, financialisation, fiscal policy, money, industrial economics and on UK and European economies.

Cover 1
Contents 6
List of Figures 7
List of Tables 8
Preface 10
Notes on the Contributors 11
1 Main and Contributory Causes of the Recent Financial Crisis and Economic Policy Implications 16
2 The Emerging Economies and the Great Recession 52
3 Africa and the Great Recession: The Dynamics of Growth Sustainability 92
4 Arab Countries in Transition in the Aftermath of the Great Recession: The Policy Options 131
5 The Impact of the Great Recession and Policy Responses in Latin America: Was This Time Different? 169
6 An Eastern European Perspective on the Recent Financial Crisis and an Examination of Poland’s Exceptionalism 210
7 China Confronts the Great Recession: ‘Rebalancing’ Neoliberalism, or Else? 247
8 The Political Economy of Inequality and Boom–Bust Cycles in Turkey: Before and After the Great Recession 285
Index 325