This paper presents a survey of the known results for bounded quadratic sys
tems as well as a study of the local bifurcations that occur at critical po
ints of such systems. It is shown that the only finite-codimension bifurcat
ions that occur at a critical point of a bounded quadratic system are the s
addle-node and the Hopf-Takens bifurcations of codimensions 1 and 2 and the
Bogdanov-Takens bifurcations of codimensions 2 and 3; furthermore, it is s
hown that whenever a bounded quadratic system has one of these critical poi
nts, then a full generic unfolding of the critical point exists in the clas
s of bounded quadratic systems. Finally, we give a complete list of those l
imit periodic sets whose finite cyclicity still needs to be established in
order to obtain the existence of a finite upper bound for the number of lim
it cycles that can occur in a hounded quadratic system. (C) 2000 Academic P
ress.