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impact of global financial crisis in the developing economy

Bail out is a dangerous thing. They will get high interest loans that they won't be able to payout, and later lenders will ask to privatize public service companies, national wealth like ice-lands, lakes, etc... In addition, crisis itself was orchestrated precisely so that this bailout and later privatization could happen. It was the work of big banks. [1]i need this to read Hi, I'm a student concerned with the economic crisis pending in Europe.

How should Europe deal with finacially troubled countries like Portugal, Greece, Spain? Should Europe bail them out, what choices do they have? What options would Portugal have? Can they get out of the EU, or devalue currency or increase productivity or reduce wages? What would you do and why? Newly liberalized emerging markets & new democracies will learn from the mistakes of the large economies faster than the larger, more established economies will themselves. This is called "leapfrogging" and is evidenced by the actions of Singapore, S.Korea, Thailand, Brazil, Chile, Slovenia, Turkey, Botswana, & others. Regulated finance, insurance, pollution control, & labour markets coupled with orthodox monetarism are prevalent throughout the more stable developing countries as a result.impact of global financial crisis in the developing economy





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References:

1. http://www.nytimes.com/2010/02/14/business/global/14debt.html


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