The Global Financial Crisis on World Regions

Eftene Nicoleta () and Stanescu Geanina ()
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Eftene Nicoleta: „Valahia” University of Targoviste
Stanescu Geanina: „Valahia” University of Targoviste

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 210-214

Abstract: The world economy is facing the worst crisis since the Great Depression. All the regions are addressing enormous challenges emanating from the growth slowdown in developed countries as well as the global credit crunch. Shared impacts across regions are slowdown in exports, fall in asset markets, reduced credit for consumption and investment and the resulting increase in unemployment, poverty and increased difficulty in meeting the Millennium Development Goals. Furthermore, regions display a number of challenges specific to their unique circumstances.

Keywords: crisis; development; negative growth; globalization. (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:210-214

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