Essays on Global Financial Crisis

Introduction

The financial crisis of 2007/9 was the worst in the U.S. since the Great Depression of the 1930s. It was the cause of the failure of some of the biggest financial institutions including Washington Mutual which was closed in 2008, and its assets transferred to JP Morgan. In 2008, the crisis reached its peak with loans dropping dramatically to the lowest levels to be witnessed in a half a century. For example, new loans to large borrowers fell by 47 percent in the fourth quarter of 2008 as compared to the previous quarter and by 79 percent relative to ...

Volatile Prices of Primary Goods Preventing Economic Development in LDCs

Background The primary goods refer to the products that are obtained directly from agricultural activities and are not subjected to the process of manufacturing. The most important primary products in an economy include those that are obtained from the sector, such as the fishing, agricultural, forestry, and mining industries. In terms of the least developed nations, which are mainly located in Africa, Asia, and the Latin America, the trade characteristics of their economies include the dependence on the developed, industrialized nations, and, significantly, the reliance on primary products. Accordingly, in international trade, the least developed nations’ exports are primary ...

The two thousand and eight financial crises resulted in significant economic turndowns. Before it began in two thousand and seven, prices of housing rose, new investment options emerged, and risk diversification increased. Following the crisis, house prices fell by huge percentages. It exposed economic weaknesses of the United States. Additionally, it led to an increase in the unemployment rate by ten percent (Mishkin, 2011). Approximately, nineteen trillion dollars of household wealth were lost. Lehman Brothers collapsed in two thousand and eight affecting the global financial system. Taxpayers had to bail out various banks to stabilize the system. This paper ...

(Tutor’s Name) (Assignment)

Introduction US has been the center of the global economy for the past several decades, and hence decisions taken by the U.S government can have significant impact on the rest of the world. In the same manner, the monetary policies formed by the Federal Reserve (FED) – the central bank of the United States –influence the economic policies of other countries worldwide. Therefore, central banks worldwide are closely monitoring the moves of the FED so as to make timely adjustments to their economic and monetary policies. The U.S economy was severely hit by the global financial ...

The story of Microsoft started as a small company founded by two high school friends in 1972 and a relatively shorter period, these friends could manage to revolutionary innovations in the history of computer producers. Before them, the computers were using very confusing software for users. Microsoft Company has produced the computer operating system of Windows. The primary strategy Microsoft has followed is to create user-friendly applications and operating system. The software developed by Microsoft has made the use of computer very easy, and that helped the company increase its market share in the global market. Nowadays, Microsoft has ...

Introduction

Economic performance is an important aspect that every country needs to consider if it intends to monitor its progress development-wise. Conducting this performance reviews involves reviewing the Gross domestic product values that a country registers every year and formulates a trend upon which certain conclusions can be drawn. The information obtained from this process is very reliable which means that decisions can be made based on this. Therefore, the essence of this paper is to apply various macroeconomic concepts to the economy of Singapore. From the information, it is possible to extract significant information such as unemployment rate in ...

Introduction

Brazil is one of the fascinating developing economies, which economic and social progress over the period of 2003-2014 lifted over 29 million people from extreme poverty. Based on the World Bank (2015) statistics, the inequality rate in the country fell by 11% with the income level of the poorest 40% of the population rose by as much as 7.1% over the same period. At the same time, global financial crisis and political instability in the country over the past few years have had its negative impact on the economy as a whole, reflecting stagnation in inequality reduction and deterioration ...

Impact of Financial Crisis on the United States’ Banking Sector

The 2007-2008 crisis also referred to as the global financial crisis affected the banking sector across the world in many ways and the US banking sector was not spared. Over the short term period, the crisis affected the banking sector in several ways. Several banks incurred huge losses because of the increased default rate as people and businesses were unable to repay their loans. Mortgage defaults were very high making the banking sector to enact legislation to curb the spread of the crisis. The crisis caused the interbank lending sector to freeze with credit to consumers and businesses drying ...

The global financial crisis of 2008 has left its indelible mark on history. A series of explanations, which appeared along with difficult economic terms, abbreviations, and other puzzlingfactors were published in every newspaper. It is impossible to explain all this in a few words, so the media began to fill long texts with detailed explanations of economic phenomena. And seven years later comes the picture of Adam McKay's "The Big Short" which sets itself the task to tell the real story as simple as possible for the viewer in a simple language. Adam McKay managed to create an impressive ...

Introduction

A discussion among the classical economists and the Keynesian economists continues on the government intervention in the free markets. According to the classical economists, the free market mechanism can develop solutions for the crisis in the market if there is no external influence on the markets. The Keynesian economy merely expresses that the free market economy carries the risk of generating crises and undesired deficit or surplus in the economy when the demand cannot clear the supply (Posner 234-252). The discussion on the government intervention is changing direction each time the world economy suffers from a global crisis becomes ...

The American Economy has faced one of the most destructive economic crises in 2008. The crisis started in the sub-mortgage markets has expanded to the financial markets, and the largest financial institutions have declared their bankruptcies. Subsequently, the collapse of the financial markets has spread to all the industries in the country. What the American lost in the global financial crisis and what made the recovery from the crisis tough was the loss of trust for the American Economy among the agents in the economy. Until 2008, the economic development in the US was based on the consumption economy. ...

Introduction

The low cost carriers (LCCs) have been enjoying very fast growth in the past several years. Airlines like Ryan Air, Southwest, Lion Air and Asia have become dominant forces in their respective regions. Opportunities for growth and expansion abound especially in the light of changing consumer preferences and habits stemming from the global financial crisis. To take advantage of emerging opportunities, Air Asia needs to go public and raise funds for expansion. While its business model has so far been very successful, certain aspects of it operations and business model need to be modified for it to be able ...

What is a cartel? (5 marks)

The companies in a market might collude to set the prices by making explicit or implicit agreements between them on the market price, sharing the market geographically, or controlling the quantity supplied in the market. The agreement between the companies in a specific market might create an oligopoly behaving like a monopoly. The companies might set the price, and all the agreement partners might obey the agreement. If the companies can create a large market power, they might behave like one monopolist. Cartel is the situation of existence of an explicit or implicit agreement between the companies in a ...

The capitalistic economy was a result of the medieval age when the Europeans suffered from the lack of markets, trade, production, and economic activities as well as the epidemic diseases like Black Death. The Europeans found the solution to the problems in the medieval age by producing more than the people needed in Europe and market it to the other people. Also, the commercial attacks to the Asian countries starting from the Ottoman Empire to India had given the opportunity of moving the valuable or tradable items to the European countries such as seasonings and precious medals. The invention ...

How to Reform Corporate Ethics in American Business Today

Corporate ethics is an important sphere of American business the regulation of which is of utter importance. It comprises the rules how the company operates: its management, control and responsibility for improper actions. The regulations of corporate governance and implementation of effective corporate ethical standards affect the situation of the economy of the state. Inefficient regulations may lead to huge problems, such as the Great Depression of 1933, ENRON case of 2007, global financial crisis of 2008, because of which the whole world economy was negatively affected, a lot of investors were defrauded, money stolen and etc. Scholars believed ...

Compass Group plc

Compass Group plc is a multinational company dealing with contract food service, support management, cleaning management and property management. It is a British multinational company with headquarter located in the compass house along Chertsey Surrey. Compass Group Company is the largest contract food service organization in the world. The company operates in more than fifty countries across the entire world. The company offers different food services in different locations and institutions such as the hospitals, cultural venues, offshore oil platforms, major sports, schools, offices, mining camps and various universities. The company has several shares and is very active in ...

Integrative Research Project

Abstract This research project aims to establish how the organization can increase its competitive advantage by requiring supply chain vendors to meet ENOC’s standards. A qualitative research methodology was used, and the research design is to carry out semi-structured interviews over the telephone. The semi-structured interview allowed interviewees to expand on their thoughts and experiences while the researcher guides the conversation to say on the topic. Interviews were performed over the telephone with employees at ENOC and employs with ENOC’s supply chain vendors to collect data. The data analysis was carried out by evaluating the results of ...

Business

Research Paper: Article Reviews Article reviews Introduction: For this section of research, an article review will be carried out on two major research themes causing the problem under analysis. The two selected themes are customer satisfaction and emiritisation. Under each theme, researcher selected and summarized five articles. In total ten summaries were completed. The summaries provide an insight into knowledge relating to the problem under research.

Theme 1: The impact of customer satisfaction

Introduction This theme has been selected because customer satisfaction plays a major role in the business. If customers are not satisfied with the offerings of the business, they can choose not to bring ...

Introduction

Germany is a leading and developed country of the Europe and has a remarkable influence on the economic structure and policies in the Europe. The country has an area of 357021 square kilometers and a population of 81.4 million people. The economic structure of Germany is social market structure. The country is rich in highly technical and skilled workforce, low levels of corruption and high capital stock. The major reliance is on the exports, and the country is the third largest exporter in the world. The economy of Germany is largest in the Europe, and the makes a fifth ...

Introduction

Money plays a vital role in the determination of income and employment . interest rate are a significant determinant of aggregate spending ad the Federal Reserve which controls the money growth and the interest rates is the first institution to be blamed when the economy of in trouble. Now the question arises what is money.

Money Definition

Money is a medium of exchange. Money is divided into commodity money and token money. To some economist there is difference between commodity money and token money. A commodity money is a medium of exchange which has a commodity value as distinct from a value ...

Introduction

The year 2007-08 brought nightmares for the US economy and its participants because least anyone had expected that the world’s biggest economy will cripple and face the worst ever recession after the Great Depression of 1929-1930. While Wall Street lost more than trillion dollars in value, thousands of Americans were left unemployed and the businesses, even the one who had more than 100 years of their presence in the United States, were filing for bankruptcy. On the other hand, Federal Reserve Bank, which once cited economic bubble as the natural event that cannot be prevented( courtesy the ideology ...

The global financial crisis affected brought down the financial system of the world. It is worth noting that the financial crisis affected various countries in the world. There are various components that led to 2008 financial crisis. The factors offer in-depth information of what happened in the financial systems. The banks played a critical role during the financial crisis. The banks created too much money in the economy and made loans (Claessens 63). The level of debt in the economy doubled, which exerted much pressure in the economy. Also, housing bubble led to financial crisis. The money policies were ...

Introduction

For many years, financial crises have been pervasive. According to Collardi (2012), the frequency of occurrence of financial crises in the recent decades has doubled the occurrence during the Bretton Woods Period and the Gold Standard Era. Nevertheless, the occurrence of the 2007-2008 financial crisis came as a great surprise to many individuals. Initially, the crisis was seen as difficulties that were being experienced in the United States subprime mortgage market. This, however, spilled rapidly to the financial markets before spilling over to the real economy. This paper discusses the causes of the financial crisis and the measures that ...

Abstract

The Irish leadership perspective has a crucial role in its national life due to the impact Irish political leaders have in the economic life of the country. Understanding this national leadership characteristics significantly contributes to the national awareness of its strengths and weaknesses. Based on Hofstede’s leadership categorization model, the commonly held leadership characteristics can be described as small power distance, weakly uncertainty avoidant, collectivist, masculine, and long-term oriented. American leaders who want to engage Irish leaders and population will have to make adjustments in at least three dimensions of differences, namely, individualism vs. collectivism, uncertainty avoidance, and ...

Introduction

The global financial crisis of 2007-2008 changed business and political outcomes in the United States. The desire by the United States government to ensure that its citizens get affordable housing led to a concerted government and business effort that led to the housing bubble and then bust. The new housing policy had its basis in the idea of American exceptionalism. The term "American Exceptionalism," coined by Alexis de Tocqueville in 1831, has historically referred to the perception that the United States differs qualitatively from other developed nations, because of its unique origins, national creed, political philosophy, and religious institutions. ...

(The Big Short: Inside the Doomsday Machine by, Michael Lewis.) The group of people that the book focuses on shows how they sold bonds to investors that were packaged as a safe bet. It shows the great lengths they went to in order to lure in investors, although they knew in actual fact the bonds were extremely risky investments. The group were also aware that in case of a Global Financial Crisis, the government would bail them out, and thus, they could get away with trading in this way. In a way the author shows readers that this kind ...

International Financial Markets: Impact of the global financial recession on our lives

Introduction The financial crisis of 2008 through affecting economies sent important impact on the lives of the public. In result of the crisis, many people had to face layoff and higher living costs. The purchasing power of people decreased. However, the inflation increased, people had to make more efforts and spend more times to keep their household going (Hossain et al. 24). Greater uncertainty contributed to the level of stress and per person workload increased in offices and responsibilities at home increased as well because the downturn resulted in new patterns that contributed to job losses and increased prices ( ...

While financial crises have been present for many years such as the Great Depression in and the 2008 financial crisis surprised many. The difficulties and struggle in the mortgage market in the United States had moved up to larger financial markets and later the economy. This financial crisis in 2008 that ensued the global recession until 2012 had changed the way the economy is viewed globally. The crisis had made global economy spiral down. The prices of commodities were constantly changing in an unpredictable ways which had frozen consumers. Secondly, due to the uncertainty in prices of commodities, there ...

Introduction

In his book “ When Genius Failed,” Roger Lowenstein`s fundamental argument is that the events and the activities that occurred at the Long Term Capital Management hedge fund ultimately acted as a trigger or precursor to the 2008 Global Financial Crisis that occurred 8 years after the fund`s winding up. Throughout the book, Lowenstein gives a detailed account of the formation, growth, expansion and ultimate fall of the fund which was founded and run successfully for 5 years by John Meriwether. Although Lowenstein does not make any specific reference to the 2008 financial crisis since after the entire ...

Introduction

Beginning the early 1990s, the number of multinational corporations has risen steadily as a result of globalization. This reason has caused organizations to realize the need for international human resource management as a determinant of success. International training and development is a tool that multinational enterprises (MNEs) are using to improve the quality of services that their employees provide. The main aim of training is to improve work skills and behaviors that an organization employee has in the current circumstances. On the other hand development is aimed at increasing working abilities with respect to a future task or job, ...

Global Financial Crisis in the US

Introduction It was hard for the economists, professional analysts and policymakers among other players in the financial industry to foresee the crisis in the US mortgage lending industry in 2007 that resulted in the world's worst economic recession in two years' time (Sher and Iyanatul 2010). Initially, there was a housing bubble characterized by high house prices, low-interest rates, more support for subprime mortgage and increased speculation by the buyers (Acharya and Schnabl 2010). Eventually, there were decline of house market prices, increased lending rates and increased default and foreclosures by the mortgagors (John 2009). Notably, by mid-2008 the ...

Recently, China has recorded a remarkable growth in its economy of nearly 10% per year. The bulk of this growth comes from the banking sector characterized by poor asset quality, low capitalization, and massive state intervention. For this reason, the government introduced sweeping changes to the financial sector to boost its stability. These changes included transforming the banking sector from a policy-driven, state-owned, non-performing system to a profit-driven, multi-ownership, competitive system. Although the sector has recorded marked improvements in its operation and efficiency, additional efforts is needed to deal with problems revolving around non-performing loans and shadow banking. The ...

Financial crisis is not a new word in today's economy. The world's economy has consistently been a victim of the financial crisis, and these cases will continue to happen. The global financial crisis in 2008 relates to the 1930's great depression that nearly brought down the economy of the United States. The actors in the financial sector have grown big and are becoming uncontrollable. These financial institutions have now become tough to monitor and control. Government and central banks have a duty of controlling commercial structures through proper supervision and regulation of financial market (Flannery 275). Due to the ...

As to the term itself, it has a rather broad interpretation. For instance, if we speak about the most developed countries, the global imbalances may be described as an over-hyped financial sector if we compare it to the real economic situation. In its turn, the financial sector is characterized by permanently increasing investment in operations with derivative financial instruments (Krugman, 2009). Moreover, on a global scale, the imbalances reflect the difference of growth rates between developed and developing countries, uneven distribution of natural resources as well as of reserves of labor between countries, and so on (Krugman, 2009). It ...

easyJet Plc’s Governance Disclosures: A Critical Evaluation 1. Introduction The concept of corporate governance has gained considerable significance since the collapse of a series of corporate giants including banks worldwide followed by the global financial crisis 2008-09. The global financial crisis led to huge financial losses and massive job cuts across the globe, particularly in United States and United Kingdom. Official investigations following the crisis revealed that accounting fraud and other top management malpractices contributed notably to high-profile corporate scandals. In response to these reports, the UK government designed and enacted the UK Corporate Governance Code that specifies ...

2. Literature Review and Hypothesis Development

P1. The Global financial crisis of 2008

Severe distresses within some financial markets during 2007/08 resulted in international financial crisis following Lehman Brothers filing for the chapter 11 on 15th September 2008. As an end result, the globe has in recent times experienced the most horrible economic performance ever since the 2nd World War. This crisis emanated from the American market for the housing. The house prices were highest in the year 2006 and subsequently dropped beyond 30 %. This happens to be the greatest decline ever since 1930s on a national level across the US. The household debt increased drastically ...

INVESTIGATING THE SIGNIFICANCE OF REPUTATION MANAGEMENT IN REAL ESTATE BUSINESS DURING AN ECONOMIC CRISIS

Investigating the Significance of Reputation Management in Real Estate Business during an Economic Crisis Introduction

Real estate business involves the financing, leasing and buying and selling real estate. During the 2007-2008 Global Financial Crisis, real estate business was among the worst hit business sectors. Given that it involves huge investments, investors had taken bad loans, which are one of the reasons why the crisis occurred in the first place (Real Estate Agent, 2014). However, despite the fact that the crisis had adverse effects on various business sectors, other sectors emerged stronger than ever. Studies have attributed this emergence to ...

Testing the forecasts of the limits to growth to me means that civilization is supposed to have collapsed in this current century as per the predictions that were made. I believe the data and forecasts because a research that was conducted at Melbourne University established that limits to growth with start to be experienced in the next forty years to come. In case the world continues to follow the trend shown in the figure, early stages of worldwide collapse will commence to emerge soon (Meadows). The graph indicates that the world is trending towards the “business as usual” scenario ...

Abstract

This section provides a detailed analysis of the regulatory environment of the Canadian Banking sector, and the risks inherent to the financial sector. The 2007/08 global financial meltdown caught many financial institutions in developed markets unawares. The crisis led to the liquidation of many banking institutions, especially in the USA and other parts of Europe. However, the Canadian banking system remained resilient to the negative shocks, as no single bank in the country was bailed out or experienced risks of failure. The resilience of the Canadian banking sector portrayed the strength of its regulatory environment. Although the crisis did ...

Business Report (Brazil)

Business Report (Brazil)

Introduction

Nowadays globalization is an ongoing process that involves numerous companies of different sizes all around the world. It provides many benefits for the companies and therefore more and more businesses would like to establish their presence in other countries. The benefits include having access to the foreign markets, outsourcing of production and other operations of the companies, getting access to the outstanding talent, and etc. Therefore many organizations make decisions to establish a subsidiary in one or more foreign countries. Global Tech LTD. is the U.S. based company involved in the developing and manufacturing the computer ...

The Question

The global financial crisis has caused a structural breakdown in all the parts of the economy. The primary influence has been on the behaviors of the consumers, and the consumers are comparatively more risk averse. This situation might support the recession and its negative influences on the economy.

The Relevant Facts and Circumstances

The most recent global crisis has caused important losses for the consumers including their houses because they could not afford to pay the mortgage loans back to the banks. The crisis started in the sub-mortgage markets have widened to the other financial sectors and the real sectors. Consequently, the American economy ...

The falling oil prices have increased the purchasing power of the American people because the oil is one of the most eminent product for the American families, and thanks to the decreasing oil prices, they will spend less on the oil, and they will have opportunity to save relatively more, or they can consume relatively more from the other products and services.

What are the macroeconomic effects of falling oil prices?

The decreasing oil prices will decrease the production costs in the US, and also, it is expected to influence the domestic demand positively. Considering that the increasing domestic demand might play an essential role in stimulating the ...

American Public University

I am planning to purchase a Volkswagen SUV car which is imported from a German company. The car I am willing to buy is a full car with many other features better than the other imported cars and the domestically produced vehicles. Due to the technological advantages in the car, I believe my family will be safer and more comfortable compared to the other car brands. However, as an imported product, the price of the car is closely related to the changes in the inflation rates, the interest rates, and the exchange rate between the Euro and the USD. ...

Income Inequality and Wage Determination

In this paper, I will analyze a news related research on the relation between the richness and the life expectancy. The news article by Ronald Bailey conveys information about an economic research on the wealth and the life prepared by the Brookings. According to the research, the life expectancy is getting relatively higher among the rich people(top ten percent of the population) compared to the poor people (bottom ten percent of the population) (Bossworth, Burtess & Zhang 1). The studies indicate that there is a strong relationship between personal income and life expectancy. Especially, the technological advancements in the ...

Hasan Comert in his study The Impacts of the Global Crisis on the Turkish Economy and Policy Responses (2014) conducts the evaluation of the global crisis of 2008 over the development of Turkish economy. With start of the crisis in the USA, the economy of Turkey became the subject of tremendous fall and recession. In terms of the influence of the crisis over the consumer behavior and attitudes, their expenditure has been decreased in significant volumes in the second half of 2008. First of all, the consumers in Turkey were not confident in the ability of the government to ...

Impact of Unemployment on the Long Term

The unemployment is defined as the state of looking for a job and not being able to get a job. The unemployed people are willing to be in the labor market; however, the economies cannot produce enough jobs for all the workers. The unemployment might continue the long term, especially after the recession times in the national economies (Krueger, Cramer and Cho 230). The ability to create new jobs is very essential for the national economies. The recession times in the world cause an increase in the unemployment rate, and some of the unemployments are long-term unemployments. The most ...

The Ways in Which Customers’ Attitudes towards and Expectations of the Financial Services Sector Have Changed in Recent Years and the Ways in Which Organizations within the Sector Have Responded

Since the beginning of the 80s of 20th century, trade in services has become the most rapidly growing area of ​​world trade. Moreover, technological progress, the emergence of new financial instruments and the liberalization of trade in financial services set the stage for further growth of the sector at both the national and international levels. Since the 90s of 20th century, more than 25% of the global service sector ...

Introduction

Through several stages of the development the world faces new challenges. One of them has the form of financial crisis. The cut down taking place in 2008 was not the first crisis that slow down the global economy and welfare of the state, while it was not the last one. This paper considers the situation at the financial sector during the spread of financial crisis in 2008, its main reasons and forthcoming consequences. Simultaneously, the author analyzes in this paper the impact of the crisis over the welfare of such states as the United States of America, the United ...

Impact of the GFC (Global Financial Crisis) on Banking Activities

Global Financial Crisis was caused by the failure of free market forces economic ideology. In 2007, the American financial environment was thrown in to turmoil with most households finding it difficult to meet the high rates of mortgage. This was followed by tightening of credit by financial institutions as a control measure against possible bad debts (Goodhart, 2008, p. 331). The crisis later spread to Europe, Asia and Africa. Evidently, the GFC posed a great threat to financial institutions, which are dominated by banks.

Banks refer to the intermediary institutions which lend money to units with deficits and borrow from ...

There are some aspects that cannot be left behind when discussing issues surrounding economics. “Economics, history, political science and power are not separable. That is; politics has a hand in the control of the economy. Similarly, the power-history of different nations also determines the economic status.” This is one of the facts that are not debatable. Most of the countries that have a strong political background are also deemed to have a stabilized economic system. A stable political environment creates a platform for successful economic negotiations. In the recent times, there are some issues that have cropped up. The issues are related ...

The Structure of the U.S. Banking System

Introduction

During the recent global financial crisis, critics have posed the question: does the repeal of Glass-Steagall have a positive or negative effect on the banking industry? Review of the structure of the U.S. banking system has culminated in some consensus that the U.S. government should bring back the Glass-Steagall Act. This is consistent with reporting by the FDIC (Federal Deposit Insurance Corporation), that more than one hundred twenty banking institutions have failed between 2007 and 2009, and this was largely in part due to high risk investments (i.e. mortgage backed securities).

First enacted ...

Executive summary

Royal Dutch Shell PLC commonly known as the shell is second largest energy company in the world whose registered office is in London. It is oil and Gas Company operating in various parts of the world; to stay relevant to climatic and environmental changes it engages in both renewable and non renewable energy. In addition, it is a vertically integrated oil company which engages in all oil activities from exploration to refining and marketing. Apart from its core activities, it has entered into partnership with various international organizations to preserve the environment. The company shares are listed in London stock ...

Impact of the Global Financial Crisis

Abstract Increased globalization integrates the world markets for goods, services as well as labor. In that respect, the occurrences in one market have significant effects on the other markets. Thus, there increase in concern over the effects that aspects such as the global financial crises have on corporations’ performance and operations as well as on the labor market. The analysis focused on identifying the global financial crises’ impact on multinationals and the labor. In its findings, the analysis identifies that corporations with high dependence on credit are greatly affected by the crises unlike those with less need for ...

The state of the world order has often changed throughout history due to various events that redefined which region or country held immense influence around the globe. Since the end of the great wars, the West – led by the United States – held immense power as to the course of international politics and determined the standards of the rest of the world. In recent years, Western dominance was close to being invincible in every aspect of the world. However, when the Global Financial Crisis struck, the public and experts alike noticed a significant change within the world order. A few even ...

What are the Economic Benefits and Drawbacks of National Level Bailouts by International Organizations?

Identification of Problem The Greek Debt Crisis has recurrently been on the headlines of news reports for the past decade. In 2010, it can be remembered that the first set of austerity measures were introduced and implemented by the Greek Parliament in order for it to receive yet another bailout after the recent Great Financial Crisis of 2008 hammered the already recovering Greek economy down. Before the first set of austerity measures was implemented and the second bailout package was delivered, Eurozone and Euro Group officials were facing the risks of shouldering the potential losses of allowing an ...

Abstract

Brazil has an economy that is ranked seventh largest in the world as per the 2015 statistics. A normal gross domestic product gives Brazil a high parity of purchasing power with an identification of being the largest economy in the Latin America. The growth of Brazil’s economy is however mentioned to decelerate at times and liquid growth often goes down. The service sector in the economy of Brazil is the largest component, and it is followed by the industrial sector. Agriculture is at 5.5% of the Brazilian economy with labor force estimated to be 10% of the agricultural occupation. ...

American Public University

UNEMPLOYMENT Introduction Unemployment is defined as the people who are not willing to participate in the labor force. In another word, unemployment is a preference made by the individuals. Unemployment is an essential social problem as well as it is an important macroeconomic indicator. Considering that the world population is increasing rapidly, and the global financial crisis has started a new era when many developed countries have got into trouble, the labor force is facing a harsh time. The unemployment rates even in the developed countries have reached 10% or exceeded 10%. Some developed countries could manage to keep the ...

American Public University

The American economy has almost recovered from the negative influences of the global financial crisis started in 2008, and the GDP data indicates that the American economy has started growing again. The GDP data indicates that the American economy has partially recovered from the global financial crisis. It is not possible to claim a full recovery from the crisis because the graph indicates that the GDP production could not gain a strong upward development yet. The reason behind the weak economic growth in the American economy is the weak domestic demand, the decreasing exports, and the loss of confidence in the ...

Introduction:

Despite the devastating effects of the 2008 global financial crisis and the subsequent Euro zone crisis, the tourism industry has continued to flourish. Initially, the industry was referred to as a cottage industry but the international travel and tourism industry has evolved becoming a major contributor to economic growth and development in almost every economy in the world. Research has shown that the global increase in worldwide tourist arrivals outperform gross domestic product growth in one out of every two years in the past three decades. Many countries regard tourism as the most significant primary export industry especially the developing world. ...

Thesis

The global financial crisis was a period during which downturns were experienced in the stock markets, economic activities as well as losses in the housing market all over the world. During this period, banks had to be bailed out by national governments and consumer wealth declined significantly. The result was a major recession between 2008 and 2009 . This paper looks at the global financial crisis in the world, its effect in the US and measures taken by the US to manage it. This financial crisis was experienced in the world in the late 2000’s and the US was hit ...