ISSUES RELATED TO THE PRESENT ECONOMIC CRISIS

Gheorghe Minculete () and Maria Magdalena Popescu ()
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Gheorghe Minculete: , “Carol I” National Defense University, Romania
Maria Magdalena Popescu: “Carol I” National Defense University, Romania

No 42, Proceedings of the 4th International Conference on Knowledge Management: Projects, Systems and Technologies,Bucharest, November 6-7 2009 from Faculty of Economic Cybernetics, Statistics and Informatics, Academy of Economic Studies and National Defence University "Carol I", DEPARTMENT FOR MANAGEMENT OF THE DEFENCE RESOURCES AND EDUCATION

Abstract: What began as a global financial crisis has truly become a virulent global economic crisis. The credit crunch that has clogged the arteries of the world financial system has now caused an economic meltdown of global proportions. Several financial experts and economists have warned that the world confronts a mega-economic crisis. This may lead government economic compulsive policies to extensive social unrest at international, regional and national levels, should the earnings of citizens decrease and unemployment rise in the near future.

Keywords: economic crisis; recession; depression; contraction of consumption; economic stagnation; economic recovery (search for similar items in EconPapers)
JEL-codes: M12 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2009-08
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Published in the Proceedings of the 4th International Conference on Knowledge Management: Projects, Systems and Technologies,Bu, November 6-7 2009, pages 199-204

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Persistent link: https://EconPapers.repec.org/RePEc:rom:confkm:42

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