BRIEF PRESENTATION OF THE MAJOR CONTEMPORARY ECONOMIC CRISES

The cyclic evolution of economy is probably the most used explanation of a recession period. Starting from the Kondratiev phases and from the 20-30-year duration of each of them, we can appreciate that along with the passage of the ascendant phase in the '80s, it was normally the moment for the descendent phase to start and implicitly the signal for the beginning of a crisis period. The new technical production mode based on the implementation of information and communication technologies exhausted its growth potential, technologies that generated in the past three decades progress and economic efficiency and implicitly significant mutations of the living standard. Any analysis of a crisis period should starts from the understanding of similar previous situations in the recent economic history of mankind. First, we should make the difference between the problems, threats and effective crises. Although one uses the term of crisis management (like in the case of the chaos theory, the catastrophic denominations often have a powerful impact), the effective crisis management is in general that management that does not lead to the crisis triggering. Practically we deal rather with a management of problems, or an efficient administration of the activity, but we must admit that the denomination is less "striking". It is true, though that in certain cases crises are of an exogenous nature, they could not be prevented and their negative effects must be faced and eliminated.