{"id":11393,"date":"2025-06-11T10:19:27","date_gmt":"2025-06-11T10:19:27","guid":{"rendered":"https:\/\/vgi.krtk.hu\/?post_type=publikacio&#038;p=11393"},"modified":"2025-06-11T10:21:40","modified_gmt":"2025-06-11T10:21:40","slug":"szabo-j-michael-de-groot-disruption-the-global-economic-shocks-of-the-1970s-and-the-end-of-the-cold-war","status":"publish","type":"publikacio","link":"https:\/\/vgi.krtk.hu\/en\/publikacio\/szabo-j-michael-de-groot-disruption-the-global-economic-shocks-of-the-1970s-and-the-end-of-the-cold-war\/","title":{"rendered":"Szabo, J.: Michael De Groot. Disruption: The Global Economic Shocks of the 1970s and the End of the Cold War"},"content":{"rendered":"<h1><strong>Michael De Groot.\u00a0<em>Disruption: The Global Economic Shocks of the 1970s and the End of the Cold War<\/em><\/strong><\/h1>\n<p>&nbsp;<\/p>\n<p>Author: <a href=\"https:\/\/vgi.krtk.hu\/en\/colleague\/szabo-john\/\">John Szabo<\/a><\/p>\n<p>In: <em>Hungarian Studies Review (2025) 52 (1): <\/em>116\u2013119.<\/p>\n<p>DOI:\u00a0 <a href=\"https:\/\/doi.org\/10.5325\/hungarianstud.52.1.0116\">https:\/\/doi.org\/10.5325\/hungarianstud.52.1.0116<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1>Abstract<\/h1>\n<p>Maintaining what Michael De Groot calls a \u201cwelfare empire\u201d can be a costly endeavor, especially if economic mismanagement forces members to take on debt that drives a wedge between them. The story of the Soviet Union\u2019s demise has been told many times, be that through the detailed and personal accounts written by Nobel laureate Svetlana Alexievich or the thorough analysis and theorization of Harvard\u2019s Serhii Plokhy. Even sub-facets of this story seem to have been repeated frequently, making it especially challenging to shed new light on the matter, but\u00a0<em>Disruption<\/em>\u00a0offers a fresh account of how the interplay of global economic events and intra-bloc relations shaped the outcome of the Cold War. It explores the nexus between commodity prices, debt, and capital costs to explain the gradual disintegration of Soviet communism. In contrast, the economic might of the US coupled with the rise of the dollar and the greater flexibility&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael De Groot.\u00a0Disruption: The Global Economic Shocks of the 1970s and the End of the Cold War &nbsp; Author: John Szabo In: Hungarian Studies Review (2025) 52 (1): 116\u2013119. DOI:\u00a0 https:\/\/doi.org\/10.5325\/hungarianstud.52.1.0116 &nbsp; &nbsp; Abstract Maintaining what Michael De Groot calls a \u201cwelfare empire\u201d can be a costly endeavor, especially if economic mismanagement forces members to [&hellip;]<\/p>\n","protected":false},"featured_media":38,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"_links_to":"","_links_to_target":""},"categories":[104,100],"tags":[663,660,661,662,659],"class_list":["post-11393","publikacio","type-publikacio","status-publish","has-post-thumbnail","hentry","category-external-publications","category-publications","tag-capital-cost-en","tag-cold-war-en","tag-commodity-prices-en","tag-debt-en","tag-welfare-empire-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Szabo, J.: Michael De Groot. 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DOI:\u00a0 https:\/\/doi.org\/10.5325\/hungarianstud.52.1.0116 &nbsp; &nbsp; Abstract Maintaining what Michael De Groot calls a \u201cwelfare empire\u201d can be a costly endeavor, especially if economic mismanagement forces members to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vgi.krtk.hu\/en\/publikacio\/szabo-j-michael-de-groot-disruption-the-global-economic-shocks-of-the-1970s-and-the-end-of-the-cold-war\/\" \/>\n<meta property=\"og:site_name\" content=\"VGI\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-11T10:21:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vgi.krtk.hu\/wp-content\/uploads\/2025\/06\/John_HSR.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"520\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vgi.krtk.hu\/en\/publikacio\/szabo-j-michael-de-groot-disruption-the-global-economic-shocks-of-the-1970s-and-the-end-of-the-cold-war\/\",\"url\":\"https:\/\/vgi.krtk.hu\/en\/publikacio\/szabo-j-michael-de-groot-disruption-the-global-economic-shocks-of-the-1970s-and-the-end-of-the-cold-war\/\",\"name\":\"Szabo, J.: Michael De Groot. 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