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THREAT OF GLOBAL ECONOMIC DOWNTURN AS A RESULT OF "DOMINO EFFECT"

Journal: Bulletin of Taras Shevchenko National University of Kyiv. Economics (Vol.176, No. 11)

Publication Date:

Authors : ;

Page : 27-35

Keywords : social and economic crisis; the global recession; “Domino Effect” (chain reaction); countercyclical policy;

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Abstract

The paper defines the evolution and main features of the post-war global economic recession in North America, Western Europe, Japan and Ukraine in the second half of the twentieth century until the present stage; clarifies the reasons that pushed one of the most powerful world economies ? the Chinese economy ? into the crisis; analyzes China’s place in the global economic system; estimates the impact of China’s decline on the stability of the global economic system and worsening the crisis processes in Ukraine.

Last modified: 2016-08-10 23:19:53