O. Krasota, PhD in Economics, Associate Professor Taras Shevchenko National University of Kyiv, Kyiv, Ukraine THREAT OF GLOBAL ECONOMIC DOWNTURN AS A RESULT OF “DOMINO EFFECT”

The paper defines the evolution and main features of the post-war global economic recession in North America, Western Europe, Japan and Ukraine in the second half of the twentieth century until the present stage; clarifies the reasons that pushed one of the most powerful world economies – the Chinese economy – into the crisis; analyzes China’s place in the global economic system; estimates the impact of China’s decline on the stability of the global economic system and worsening the crisis processes in Ukraine.

Key words: social and economic crisis; the global recession; “Domino Effect” (chain reaction); countercyclical policy.

DOI: http://dx.doi.org/10.17721/1728-2667.2015/176-11/4

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