ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Is the Reagan Recovery Real or the Calm before the Storm

before the Storm? Andre Gunder Frank The international economic recovery since 1983 has been widely acclaimed as having overcome the economic problems of the previous decade through renewed growth. This claim rests on shaky foundations. In the US the recovery has been weakly sustained by consumer spending and debt finance; and internationally the spread of the recession has been slow and uneven which has exacerbated international economic imbalances and threatens the stability of the world economy in the next recession.

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