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Erschienen in:
2020 | OriginalPaper | Buchkapitel
1. A Brief Review: Socio-Economic Changes
verfasst von : Vasant Chintaman Joshi
Erschienen in: Digital Finance, Bits and Bytes
Verlag: Springer Nature Singapore
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Abstract
Barely did the FSIs stabilize after the banking crisis of 2008–2010, when they had to face major socio-economic upheavals. The USA suddenly reversed gears and advocated “America First” policies. They reversed compacts on trade (NAFTA, Climate Treaty etc.). They even dismantled the environmental and financial services regulatory mechanisms.
The FSI has yet to fully grasp and satisfactorily deal with these changes. One could say that the situation is in a great flux.
Europe is equally faced with similar situation. UK’s decision to stay or quit EU still hangs in balance (Brexit) and the position of London in the emerging scenario. Thus, there is nothing but uncertainty facing decision makers.