The Downward Spiral
作者： Joachim Voeller
DOI: 10.1007/978-3-642-78508-5_67
关键词: Developed country 、 Politics 、 Development economics 、 Spiral (railway) 、 Interest rate 、 Real estate 、 Economics 、 Money supply 、 Business cycle 、 Causal chain
摘要: Since the basic requirements for a secular slump in business activities are satisfied almost all highly industrialized nations of West, prolonged economic decline will multiply political and social difficulties not only western but particularly eastern countries Third World. The causes this downward spiral analyzed with Fisher-Minsky-Kindleberger approach perspective. Also some major effects causal chain elaborated.
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