American Divergences in the Great Recession

The 2007 Great Recession recorded a "divergence" between the crisis of the most developed countries and the Latin American upturn, nevertheless weakened by historical fragilities. This work deals with this crisis and its basic differences from the older crises of the Thirties and Seventies.

Daniele Pompejano is full professor of the History of Latin America program at Università di Messina.

Introduction: The Dilemma of Currency 1. Without Gold and After the Dollar 2. Cycles of Crisis 3. Meanwhile, in Latin America... 4. The "Invisible Hand" of the Market. Conclusions: "Do Those Who Don't Obey the Rules Win"?