The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic theory, held responsible for not even have considered the possibility of the kind of collapse that the subprime mortgage meltdown unleashed. In this paper, it is argued that what...

This paper simulates the effects of the recent economic crisis on income inequality and poverty in Italy. We impute the changes in employment rates for groups of the population, obtained from the Labour force survey, on the Silc sample for Italy, and simulate in detail also the resulting changes...

This paper examines the changes in the Korean media industry with reference to the Korean economic crisis in the 1990s as Korean big business, or chaebol, previously unconcerned with the media industry, expanded into that sector.Given the conventional close relationship between the state and big...

Since the end of 2007, countries in Central Asia have been struck by two major consecutive shocks: the food and fuel price increase in 2007-08, and the global economic and financial crisis that began at the end of 2008. Households, both poor and not poor, are directly and adversely affected by...

The analysis of IMF activity in its more than 60 years of existence highlights a difference between the primarily objectives and actual results of policies pursued. How it was at the very beginning and how is in our days? In the following paper we want to point out this major divergence...

In accordance with global trends, the Brazilian formal housing market experienced huge growth from 2005 to October 2008. This growth might be explained by several factors: changes in the law regarding property rights issued by the Federal Government; changes in Central Bank regulation of the use...

The aim of this paper is to discuss the role of unemployment insurance during recession. Firstly, it presents a brief literature review, according to which unemployment insurance works as a built-in stabilizer for the economy. Secondly, it highlights certain characteristics of these programs in...

For many types of risk affecting the economic existence of firms, risk of competition is among the most important, both in terms of the gravity and intensity and the spread in space and time. In the context of the global economic crisis, - economical, financial, social, image problems etc....

The world economic crisis is a system crisis that has deep implications on country groups. For the developed countries the crisis means the diminishing of the economic increase rhythm, reduction of new work places creation, unemployment increase, deepening of social tensions and a diminishing of...

This paper presents a summary of the U.S. pension system. First, our goal is to explain how unfunded and funded pension schemes work. We also study how the economic and financial crisis has affected these different schemes. Moreover, we examine the official long-run forecasts of the evolution of...