We study the approach to the adiabatic limit in periodically driven systems. Specifically focusing on a spin-1/2 in a magnetic field we find that, when the parameters of the Hamiltonian lead to a quasi-degeneracy in the Floquet spectrum, the evolution is not adiabatic even if the frequency of the field is much smaller than the spectral gap of the Hamiltonian. We argue that this is a general phenomenon of periodically driven systems. Although an explanation based on a perturbation theory in $omega_0$ cannot be given, because of the singularity of the zero frequency limit, we are able to describe this phenomenon by means of a mapping to an extended Hilbert space, in terms of resonances of an effective two-band Wannier-Stark ladder. Remarkably, the phenomenon survives in the presence of dissipation towards an environment and can be therefore easily experimentally observed.
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