INDEBTED WORLD AND KNOWLEDGE FOR THE FUTURE

Richard Pospisil ()
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Richard Pospisil: Associate Professor, Ph.D. Moravian University College Olomouc, Kosmonautu 1, Olomouc, CZECH REPUBLIC

Global Economic Observer, 2015, vol. 3, issue 2, 12-18

Abstract: For more than a decade, the amount of public debt is one of the biggest problem in advanced economies. Level of public debt is not only the very one indicator of the risk of national bankruptcy, even though it is the most important indicator. Solution of debt service in indebted economies basicallyconsists of two possible options. The first option way of saving of all kinds of expenses, with the exceptionof investments, the other option is to support economic growth with a positive impact on the relative levelof public debt. At the same time it shows that bankruptcies of national economies happen in clusters and linked adjacent to each other due to financial market integration. The aim of this article is to show possible ways of solution of consequences of financial crisis and he high debt levels of advanced economies.

Keywords: debt; deficit; GDP. (search for similar items in EconPapers)
JEL-codes: H63 H68 (search for similar items in EconPapers)
Date: 2015-11
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol3-iss2-15-012

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