The Impact Of Global Financial Crisis On The World Economy: Lessons Learned
Keywords:
Financial crisis, Financial market instability, Credit riskAbstract
This article analyzes the profound impact of global financial crises in history (the Great Recession of 2008-2009, the Asian financial crisis of 1997-1998, etc.) on the world economy and summarizes their main causes and characteristics. The author focuses not only on the negative consequences of crises (decrease in GDP, sharp increase in unemployment, increase in public debt), but also on their positive role in subsequent development - namely, on important lessons such as strengthening financial systems, better supervision of banks, increased international cooperation and changes in macroeconomic policies. The article emphasizes that the lessons learned from crises should serve as a basis for preventing future risks and making economies more resilient to them. In conclusion, the study once again emphasizes the importance of proactive measures, strict regulation and international cooperation in ensuring the stability of the global economy.
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