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The Global Financial Crisis on World Regions

Author

Listed:
  • Eftene Nicoleta

    („Valahia” University of Targoviste)

  • Stanescu Geanina

    („Valahia” University of Targoviste)

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.

Suggested Citation

  • Eftene Nicoleta & Stanescu Geanina, 2010. "The Global Financial Crisis on World Regions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 210-214, October.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:210-214
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    More about this item

    Keywords

    crisis; development; negative growth; globalization.;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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