The cycle of socieconomic crises in the territories: the case of Sete Lagoas, Minas Gerais, Brazil

Abstract

This article analyzes the affects of socioeconomic crises in territories: the case of Sete Lagoas, Minas Gerais, Brazil. The study justifies the importance of the municioality, which integrates, centralizes and polarizes the immediate homonymous region. In methodological terms, support was provided through the use of a qualitative approach. To abtain field data, interviews were carried out with fifteen small business ownwes. In the 2008 crisis, credit restrictions represented the greatest effect on the potencial the crisis. The 2014 crisis led to a drastic reduction in consumption and Consequently to significant falls in GDP. The pandemic crisis had a perverse effets, as in addition to the economic, it caused a segnificant number of illnesses and deaths