Essay On Economic Meltdown

Essay On Economic Meltdown-60
Because of the crisis, in October 2009, Greece held early parliamentary elections thatbrought the Socialists to power.Political changes also occurred the Czech Republic, Latvia, Lithuania and a number of other states.(Spencer Platt/Getty Images) The world in 2019 is still reckoning with the legacy of the global financial crisis, which is hardly surprising given its scale and lasting impact.

Because of the crisis, in October 2009, Greece held early parliamentary elections thatbrought the Socialists to power.Political changes also occurred the Czech Republic, Latvia, Lithuania and a number of other states.(Spencer Platt/Getty Images) The world in 2019 is still reckoning with the legacy of the global financial crisis, which is hardly surprising given its scale and lasting impact.

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Against this background, a kind of pause occurred in international relations.

Its main features were the refusal of the US, the EU and Russia from the activity in the field of international political relations.

The design of crisis resolution policies is now becoming a main task.

While any premature withdrawal of policy stimulus should be avoided, exit strategies should be ready for implementation, embedded in a broader policy framework that also includes growth-enhancing structural reforms.

Especially in light of the persistence of debt problems in the euro zone and the lack of specific solutions, as well as a marked slowdown of the US economy, which fuels the rumors that the Federal Reserve will have to take new measures to stimulate it (Stiglitz, 2010; Choi, 2013).

However, the massive printing of money to save the demand, to support the economy and reduce unemployment postpones the problem, but no longer removes it: liquidity ceased to transform into economic growth.

This important collection of essays brings together the main findings of ILO research since the start of the global financial and economic crisis in 2008.

With contributions from diverse research disciplines, the volume provides new perspectives on employment and income-led growth and the role of regulation, and makes policy recommendations for the future.

In addition, the crisis distinctly demonstrates the gap between elite groups from the general population.

Thus, in the current phase of the cycle, on the one hand, the methods of state regulation are being modified and enhanced, on the other hand, the transformation of neo-liberalism.

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