THE FINANCIAL CRISIS - CATASTROPHE OR RENEWAL?

The article presents a chronicle and causes of the global financial crisis. It contains an analysis of the influence of the crisis on Poland and a trend of Polish business cycle. The article presents a theory of Kondratiev large business cycles. Based on the calculations and opinions of economists, authors attempted to predict the global cycle in the context of globalization. The paper contains also the cycles by the year 2060, which were described by the economists after Kondratiev's death. The relation between the Kondratiev cycles and technological systems in the historical perspective is also presented there. The article ends with the conclusion that authors predict, for next few years, a slower activity of investing founds, bankruptcy of big companies and higher development of new technologies after 2015.


Other Titles:
FINANCNA KRIZA - KATASTROFA ALEBO OBNOVA?
Issue Date:
2011
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/268405
ISSN:
1336-9261
Language:
English
Published in:
Acta Oeconomica et Informatica, Volume 14, Number 1
Page range:
1-4




 Record created 2018-02-15, last modified 2018-02-16

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