Impact of 2008 Global Financial Crisis

Carol Yeh-Yun Lin (), Leif Edvinsson (), Jeffrey Chen () and Tord Beding ()
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Carol Yeh-Yun Lin: National Chengchi University
Leif Edvinsson: Universal Networking Intellectual Capita
Jeffrey Chen: Accenture
Tord Beding: TC-Growth AB

Chapter Chapter 2 in National Intellectual Capital and the Financial Crisis in Israel, Jordan, South Africa, and Turkey, 2014, pp 5-15 from Springer

Abstract: Abstract The 2008 financial crisis rapidly developed and spread into a global economic shock. Economies worldwide slowed during this period due to tightening credit and drops in international trade. At the onset of the financial crisis, policy makers of all four countries thought that they could be decoupled from the crisis, as their banks kept a conservative model and did not invest deeply in high-risk securities or complex instruments. However, that view quickly changed following the rapid global trade decline, thus eroding the prospects for exports.

Keywords: Foreign Direct Investment; Gross Domestic Product; Unemployment Rate; Financial Crisis; International Monetary Fund (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-1-4614-7981-9_2

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DOI: 10.1007/978-1-4614-7981-9_2

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