Lim, Professor Chong-Yah; Sng, Hui-Ying - In: World Economics 12 (2011) 3, pp. 163-190
The paper discusses and pinpoints three strategic factors that led to the global Great Depression of the early 1930s. After the Great Depression, the lessons learned were encapsulated in Keynesianism and Monetarism. The unanticipated and unprecedented global Great Recession of 2008–09 did...