Global Crisis: Consequences and Solution Possibilities

YAVUZ, Arif (2009) Global Crisis: Consequences and Solution Possibilities. In: 1st International Symposium on Sustainable Development, June 9-10, 2009, Sarajevo, Bosnia and Herzegovina.

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Abstract

In this paper, the reasons and solutions of the 2008 global economic crisis are discussed. In the first part, a comparision of 2008 global crisis with 1929 economic crisis, the effects of each and also the differences are explained. The champions and the losers of the current crisis are interpretted. Also, the estimated duration and the expected end time of the crisis are discussed. In the second part, the effects of the crisis to the Global Economy and to some of the countries are stated. The expected effects can be summarised as, “losing of confidence in global market”, “having negative prospects”, “decreasing of the foreign trade”, “shrinking of the national incomes” ,“shrinking of demand and consumption”, “increasing of unemployment”. In the last part, some solutions for negative effects of global crisis are offered. A world economic story is stated and suggested a new International Money Currency. Restrictions for the virtual Money is recommended and also some new rules on international trade and international finance system are offered.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: global economic crisis, effects of 2008 global crisis, 2008 global crisis, solutions of 2008 crisis
Subjects: H Social Sciences > HB Economic Theory
Depositing User: Users 4 not found.
Date Deposited: 03 Feb 2012 08:23
Last Modified: 02 Mar 2012 10:12
URI: http://eprints.ibu.edu.ba/id/eprint/212

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