PART 1: THEORETICAL INVESTIGATION 1. Introduction 2. The Great Recession and the Great Depression 3. Collapse of Neo-Liberalism: The Debate 4. Crony Capitalism 5. Overproduction and Underconsumption 6. Technology and Economic Growth PART 2: EMPIRICAL INVESTIGATION 7. Global Economy - An Enquiry 8. Income, Poverty and Inequality 9. BRICS: A New World Economic Order 10. China: A New Business and Economic Leader 11. The Global Economic Recession: South Perspective 12. Conclusion Bibliography Index.