A ‘Global’ Economic Crisis?


  • Nicola Phillips

    1. Professor of Political Economy at the University of Sheffield. A version of this essay was presented at the inaugural conference of the Sheffield Political Economy Research Institute (SPERI) in July 2012.
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The term ‘global economic crisis’ is a misleading label for the period through which we are currently living, argues Nicola Phillips. The current crisis has significant global repercussions, but its effects are not being felt equally around the world – particularly in so-called emerging markets.