Title:

Models of the Market Economy in the Global Economy. Objections and Recommendations to Change the Principles in the Situation of the Global Financial Crisis

Group publication title:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Title in english:

Modele gospodarki rynkowej w gospodarce globalnej. Zarzuty i zalecenia zmian zasad w sytuacji globalnego kryzysu finansowego

Creator:

Kosztowniak, Aneta

Subject and Keywords:

models of the market economy ; global financial crisis

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2011; Nr 192, s. 23-32

Abstrakt:

The financial crisis of 2007 disturbed both the static and the dynamic effectiveness in the global economy, entailed a decline in economic growth, disturbed the structure of domestic production, savings, and induced increased income inequalities, i.e. affected all the five criteria of the market economy-oriented system efficiency as mentioned by B. Balassa. A comparative analysis of market economies indicates that Europe is more vulnerable to critical phenomena and is less efficient economically than the US which is able to stimulate economic growth more rapidly. But, the high external debt and dollar depreciation are quintessential problems for the American economy. If these problems are not being solved, the result will be probably the next phase of the crisis and definitely change for the worse efficiency of the Anglo-Saxon model.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2011

Resource Type:

artykuł

Language:

pol

Relation:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Coverage:

Dofinansowano z programu "Społeczna odpowiedzialność nauki" Ministra Edukacji i Nauki (SONB/SP/546390/2022). Tytuł projektu: Upowszechnienie zawartości czasopisma Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu