Global Financial Crisis 2008
Author and Page informationby Anup ShahThis Page Last Updated Wednesday, February 04, 2009
This page: http://www.globalissues.org/article/768/global-financial-crisis.
To print all information e.g. expanded side notes, shows alternative links, use the print version:
http://www.globalissues.org/print/article/768
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns
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