Anzeige
Erschienen in:
2017 | OriginalPaper | Buchkapitel
8. The 2008 Global Financial Crisis: Effects on the Global Economy
verfasst von : Ken Moak
Erschienen in: Developed Nations and the Economic Impact of Globalization
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
Abstract
The 2008 financial crisis exposed the weaknesses of Anglo-American neoliberalism and revealed the extent of globalization. The global economy, particularly that of the developed nations, has yet to make a full recovery from the “Great Recession” that the crisis created. Many theories were advanced to explain why the crisis happened, ranging from financial system over-leveraging attributed to reckless behavior, a savings glut from Asia that induced private and public consumption in the United States, unsustainable U.S. fiscal and monetary policies, and the repeal of the U.S. Glass Steagall Act allowing commercial banks to involve in investment banking.