From the great crisis to the great depression of the 2020’s
China' development, post-keynesian reflection and perspectives
DOI:
https://doi.org/10.11606/issn.1676-6288.prolam.2020.169823Keywords:
China, Silk road, Covid-19, Monetary policy, Corporate debtAbstract
The objective of this post-keynesian reflection is to allude to the causes of the Great Depression of the 2020’s and how the impact of the economic strike in China disintegrated the continuity of the accumulation process at the international level. The economic-political decisions regarding the confinement of the population that the Chinese government made to confront COVID-19 triggered the conditions of fragility and uncertainty prevailing at the international level and took the rest of the world by surprise. Faced with the declared pandemic and the productive stoppage to curb the contagion of the virus, forecasts were displayed showing the fragile world situation in the face of financial speculation and the indebtedness of both the large non-financial corporations and the sovereign debt of many countries. In the medium term, China will face moratoriums and defaults against the investments carried out in the framework of the Silk Road, particularly in Latin America. Today the world suffers an abysmal and prolonged fall.
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