DEVELOPMENT OF ECONOMIC CYCLES IN THE CONTEXT OF GLOBAL CHANGES
Анотація
In this article, a retrospective analysis of the theory of cyclicity is carried out and approaches to the study of cycles and crises are systematized. The scientists’ observations regarding the identification of the global crisis of 2008-2009 as global are revealed and summarized. It is noted that the latest crisis of 2008-2009 was a consequence of the accumulation of both traditional problems of economic cyclicality and new emerging paradigmatic changes in world development in the conditions of globalization. The focus is on such contradictions of globalization as: technoglobalism, global stratification, global financial liberalization and market fundamentalism.
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