The cycle of globalization

Abstract

The recession of the world economy is a reality that has practically prevailed in the entire world. Except for China, as an example, country-continent that grew in average to rates of 10.5 percent in the nineties, in the other capitalist countries of the center and the periphery, the panorama is discouraging. In this work, Professor Kostas Vergopoulos goes ahead in his diagnostic to the events of September the 11 2001 in the United States, that they will not make but accelerate the world recession. His central thesis, opposite to the one of those who glimpses a recovery and growth scenery in the long run it is, on the contrary, that the capitalist system fully entered in the international crisis.