The economic crisis was initially supposed to affect only developed countries, but the financial troubles spread over the real economy and the crisis became a global phenomenon. After almost two years of difficulties, several lessons could be drawn from this episode: why the crisis was...

In many developing and emerging countries, the alarm signals sent by specialists regarding the effects of the global crisis were not taken seriously because these economies were not financially integrated with the world system and consequently, they would not be contaminated. The same confidence...

The emerging economic and financial globalization in recent years has been much more rapid that our understanding of all ingredients associated with this phenomenon of globalization. As a result, the impact that the current crisis may have on the global economy is still uncertain, since an...