The Global Financial Crisis and Its Ripple Effects on the "Emerging" Second World and Third World
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Todays’ debate is largely dominated by the economic crisis. Everybody is now familiar with the concept of “subprimes” or the return of Keynes. However, while our attention is turned towards OCDE countries, far less consideration is given to Third World and emergent second world countries. And yet, these countries are equally concerned by the crisis depending on their level of economic openness. The global context profoundly differs from Keynesian context of the 1929 crisis. This article tries to identify the crisis’s impact on second world and third world countries before presenting prospects of current geopolitical reorganization.
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