The Global Crisis as Seen from Russia
12 Pages Posted: 30 Oct 2012
Date Written: March 29, 2009
It has become popular in Russia to speak about the crash of the Western economic model and liberal capitalism and this talk may make some sense from the political point of view. All of economic history shows that however harsh a crisis may be and whatever stage of capitalism’s decomposition is attributed to it, market economies have always survived crises, and emerged from them stronger, tougher and more competitive.
Keywords: global crisis, economic crisis
JEL Classification: F01, H12
Suggested Citation: Suggested Citation