Return of the State: First Aid during Crisis or Steady Trend?

DOI: 10.20542/0131-2227-2010-5-18-31

M. Klinova, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (

Abstract. The author analyses the rise of State control in the economy due to the world financial crisis and the "Great Recession" of 2008–2009. Anti-crisis measures are being studied both at supranational and national levels. There are two main models of stimulus packages – Anglo-Saxon and Continental depending on the spheres where the State concentrates its efforts. The first model targets primarily financial services, the second one focuses mainly on real economy. Apparently, the compromise between these two trends seems to be inevitable.

Keywords: financial crisis, recession, anti-recessionary measures, globalization, state control, European Economic Recovery Plan, Anglo-Saxon and Continental economy support models, public and private partnership, protectionism, state budget

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For citation:
Klinova M. Return of the State: First Aid during Crisis or Steady Trend?. World Eonomy and International Relations, 2010, no. 5, pp. 18-31.

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