Abstract
This paper analyses the characteristics and causes of current international financial crisis and the possibilities of western capitalism falling into long term fluctuations and even crisis of collapse from four aspects: dif-ficult to evacuate speculation with capitalist national financial system, inner drawbacks with corporate governance, increasing income inequality and low efficiency in government regulation. This paper points out that the crisis is likely to compel U. S. to employ dollar hegemony, government intervention, blowing monetary system of other countries, establishing super-sovereignty currency and waging wars，so as further to maintain its global hegemony.
| Translated title of the contribution | Impacts of Contemporary Western Financial and Economic Crisis on the Survival and Development of World Capitalism |
|---|---|
| Original language | Chinese (Simplified) |
| Pages (from-to) | 19-31 |
| Journal | 海派经济学 |
| Issue number | 1 |
| Publication status | Published - 2011 |
Keywords
- western financial
- economic crisis
- world capitalism
- economic hegemony