Monday, 6 April 2015

Khazin: The global recession will exceed the Great Depression by 2.5 times

April 6, 2015

Mikhail Khazin

Translated by Kristina Rus

The trend of centralization of the global economy will remain in the past. It will be replaced by regionalization. In today's economic instability, only systems with 0.5 to 1 billion people can be effective, - says the economist, member of the Izborsky Club, Mikhail Khazin. According to him, the formation of such systems will begin after the onset of the crisis, and the first prototypes have already appeared.

Khazin noted that the world economy has developed in the framework of expanding markets over the last 400 years. As a result, today it is in more

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