3. Crisis: The World Economic Disorder and opposing responses

After having studied the theoretical problems of economic imbalance and the analytical instruments that allow economists to understand and respond to them, in this section concrete crisis examples are explored which place in the foreground the reality in which they occur, and the political measures adopted to face them.

Throughout the 20th century, the world economy was subject to great instabilities in the growth process. Three major global crises shocked the world economy while the models that planned their recovery varied throughout time.