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LIBERAL ECONOMY (1) answer(s).
 
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World and international relations today: a new present and a well-forgotten past / Yakovenko, A   Journal Article
Yakovenko, A Journal Article
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Publication 2013.
Summary/Abstract TODAY, when the fifth year of the global financial and economic crisis is drawing to a close, no one has any doubts that the world has entered a period of radical transformation. The crisis of Soviet society and the social system, which brought about an end of the Cold War between the 1980s and the 1990s, has now been supplemented by a crisis of Western society, including a liberal economy and broad representative democracy. So, systemic setbacks in the Euro-Atlantic region - and these two models reflect the collective experience of public development across the space of European civilization, ensuring its domination in the global economy, politics and finances within the framework of a bipolar system - have become key elements of the global crisis. In essence, a line was drawn under a prolonged cycle of historical development that had started with the catastrophe of World War I. And just as the 20th century began in 1914, so it could be argued that the 21st century began with 2008, when the crisis erupted.
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