Preview

Global Financial Crisis and its Effects

Powerful Essays
Open Document
Open Document
2914 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Global Financial Crisis and its Effects
Abstract
The objective of this research project has been written aim help I could understand obviously about global financial crisis and affects that its bring for countries on over the world as well as Vietnam. In this research project, I will mention to some factor such as: Reason to choose topic, purpose of research, subject and study scope, research methods, financial crisis and its signs, causes as well as affects, and proposal the solution to improve. However, to can analysis all factors above. I need to find out the information about it via some data sources as: books, newspapers, magazines and Internet mostly. Besides, I also reference from reports of international organizations about Vietnam situation and the world. Nevertheless, during the implementation process this research project, I met some difficult in the process of searching and collecting data to complete my research project. Along with the effort and trying, I have finished success my research project. It 's like a result that I had gain in learning process at the college.

I. INTRODUCTION
1.Topic:
Global financial crisis and its effect on Vietnam’s economic performance.

chart show some main factors

2. Reasons to choose topic:
The global financial crisis is the biggest crisis in the world, it has caused serious consequences for the U.S. economy and spreading on global make adversely affecting the entire financial system and economic growth in over the world. Up to now, despite the global financial crisis has gone passed, market status became more stable and the recovery process takes place strongly. But besides that, there are still some countries are suffering the hardships that the financial crisis has come through still left.
So why this financial crisis has formidable destructive force like that? What are its causes? Consequences that it caused for the world economy and Vietnam like? And the country general as well as Vietnam in particular has made



References: 1. AnswersTM,(2012). What is definition of global financial crisis?. http://wiki.answers.com. (Access 26rd July 2012). 2. BPP Learning Media (2010) Research Project (2nd edi): Lon Don: BPP House. 3. Khung-hoang-tai-chinh-trong-khu-vuc-va-tac-dong-cua-no-truoc-viet-nam. http://tailieu.vn. (Accessed on 23rd July 2012) 4. Khung-hoang-tai-chinh-toan-cau-va-bai-hoc-rut-ra-doi-voi-viet-nam. http://tailieu.vn. (Accessed on 23rd July 2012) 5. Khung-hoang-tai-chinh. http://dongsaigon.vn.(Accessed on 23rd July 2012) 6. Khung-hoang-tai-chinh-toan-cau. https://sites.google.com . (Accessed on 23rd July 2012) 7. Khung-hoang-tai-chinh-la-gi. http://www.danketoan.com. (Accessed on 21st July 2012) 8. Kinh tế & đô thị,(2010). Tỷ lệ LĐ thiếu việc làm thường cao hơn nhiều so với tỷ lệ thất nghiệp. http://www.tinkinhte.com, (Accessed on 27th July 2012) 9. Lý Minh Khải, (2008), Biến động năm 2008 - Dự báo bức tranh Du lịch 2009. http://www.vtr.org.vn, (Accessed on 27th July 2012)

You May Also Find These Documents Helpful

  • Good Essays

    The sudden financial crisis and the unexpected economic collapse in 2008 came as a shock to many because the speed and severity of the crisis were unpredicted (Bondt, 2010). Its consequences had strong influences on the financial system of many industrialized countries as well as a large number of developing and emerging economies. Huge cost are carried by every parts of society. Much wealth has been destroyed. Millions of jobs have been lost. The crisis has tarnished the belief in free enterprise, the financial system, and in financial theory (Bondt, 2010).…

    • 1043 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Financial Crisis of 2008

    • 358 Words
    • 2 Pages

    Cited: Kumar, Patrick. The 2008-2009 Financial Crisis – Causes and Effects. 29 September 2008. <http://cashmoneylife.com>…

    • 358 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    The financial crisis which the United States is combating today, in many aspects resembles the characteristics and consequences which were the outcome of the Great Depression lasting from the time period 1929 till 1933 (Great Depression).…

    • 3745 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Great Recession

    • 729 Words
    • 3 Pages

    A lot of economists consider the global economic crises of 2007 to be the worst financial crisis since the Great Depression of the 1930s. The global crisis affected the entire world economy, with higher detriment in some countries than others. It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis.…

    • 729 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The global financial crisis which started as a mortgage crisis in the United State of America (U.S.) financial market later graduated into a national and subsequently into a global crisis. According Kehinde (2009) in the European Journal of Humanities and Social Sciences Vol. 3, No.1 (2011) “The theory of economic shocks posited that when economic recession occurred, it is only sectoral decline that occurred leading to unemployment, reduced wages, reduced saving and reduced pushed investment. However, a bounce back is expected with autonomous…

    • 609 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The Global Financial Crisis of 2008-2012 is widely considered to be second in severity to only the Great Depression of the 1930s. Sardonically coined as the ʻGreat Recessionʼ by commentators and media alike, what began as a housing crisis in the United States rapidly degenerated into a systemic mess that wrecked brand-name financial institutions, led to government bailouts and in some cases, liquidation. The crisis reduced consumer wealth in the region of trillions and sparked off a series of recessions in both the developed and developing world. In this essay we will look at the causes, evaluate the measures taken to contain it and examine some of the underlying discourses that plied the timeline of the recession.…

    • 2062 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Financial Crisis 2008

    • 1213 Words
    • 5 Pages

    Just after ten years of Asian financial crisis, another major financial crisis now concern for all developed and some developing countries is “Global Financial Crisis 2008.” It is beginning with the bankruptcy of Lehman Brothers on Sunday, September 14, 2008 and spread like a flood. At first U.S banking sector fall in a great liquidity crisis and simultaneously around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. (Global issue)…

    • 1213 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Financial Crisis

    • 3551 Words
    • 15 Pages

    The latest global financial crisis was exploded in 2008. This was the most serious financial crisis since the economic depression which occurred in 1930s and it severely impacted the global financial market. Lots of corporations collapsed during the 2008 financial recession which was caused by breakage of capital chain. Although some companies did not bankrupt during that period, they also had suffered huge loss.…

    • 3551 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    The 2008 Financial Crisis

    • 642 Words
    • 3 Pages

    The most recent financial crisis in 2007-2009 was the worst recession since the 1930’s was quite evident as it affected the entire economy on a global scale; from large countries to small ones. The starting point and reason behind a financial crisis is varied, they appear in different shapes and sizes which could have originated externally or domestically and emerged from the public or private sector. Consequently with time, they take different forms and spread rapidly across boarders. Which is why Reinhart and Rogoff (2009) fittingly said that the, “financial crises are an equal opportunity menace.”…

    • 642 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Analysis of “The Global Financial Crisis: Causes, Effects, Policies and Prospects” Dominick Salvatore, Journal of Politics & Society, Columbia University…

    • 1096 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The world wide financial crisis has been identified to have several different causes, with the problems originating from the US causing shockwaves around the World, sending the World economy into a crisis. The impact of the financial crisis has been dramatic to the general business environment due to the increased uncertainty and risk that investments at this time bring with them and the failure of central financial institutions. The crisis has left many economies, businesses and people in the world in trouble and fighting for their existence. Stock markets are down by more than 40% from a year ago, with immense losses for everyone involved, including workers who are being let go. Many investment banks have collapsed, with more in trouble and in need of rescue packages that the governments have started putting together. These rescue packages, aimed at helping out companies in trouble, total over 1 trillion Euros but are linked with strong guidelines which the companies have to follow. Many leading economies around the World have cut their interest rates in order to stimulate the economy and force off the nearly inevitable World-wide recession. But what were the causes for this world-wide crisis?…

    • 1764 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    A healthy and vibrant economy present that the market is balanced, and people in the market have more opportunity and courage make and investment by using funds from other sources. . Financial crisis shows the bad side of the economy. Basically when a financial crisis occurs, the balance of the market will be broken. As a result, people in the market will lose courage to invest their money, and also there will be fewer opportunities for them to find a option to invest. The author illustrated what the influence that the financial crisis put on the economy is in the article. To begin with, the author indicated that there are two polar camps of the financial crisis. The first one is monetarists, which linked the financial crisis with banking panics. Two economists, Friedman and Schwartz, made a statement that banking panics was a major source of contractions in the money supply, which might be very serious in the economy. Schwartz also came up with the idea of “pseudo financial crises”, which mainly uttered that monetarists do not think the issues occurred in the market are the representative of financial crises. The short sight of monetarists can be associated with the focus of bank panics and the money supply. The second one is outlined by Kindleberger and Minsky who think that financial crisis is all about decreasing in asset prices, failures of both large financial or nonfinancial firms, deflations or disinflations, disruptions in foreign exchange markets, or some combination of all of these. And they also indicated that when the financial crisis appears, justification for government intervention may not be beneficial for the economy. Unfortunately, their theory is not perfect, either.…

    • 963 Words
    • 4 Pages
    Better Essays
  • Best Essays

    The global financial crisis is the most discussed issue for the last 5 years. It is a disaster with immense power and sometimes it is compared with a hurricane as it cannot be controlled and avoided. We are still feeling the consequences of global decline in the economy and we ask questions from ourselves “Why did it happen?” and “What were the causes for this?”. Financial Crisis made a huge impact on the economic stability of Kazakhstan. Crisis happened because people did not want to accept the bad news as their businesses, salaries, living and working conditions were becoming much better day after day. People had a miraculous hope that luxurious way of living will last forever and there will never be an explosion which happened in 2008. As we faced the crisis we could not adequately analyze the problem and were not willing to do it either. The problem of financial crisis is peoples’ flippant behavior which created a misbalance between banks and clients and government has to create a new plan to solve this problem.…

    • 3679 Words
    • 15 Pages
    Best Essays
  • Best Essays

    Nguyen, T.L.H. (2010). Đảm bảo chất lượng trọng việc sửa đổi chương trình khung để phát triển…

    • 2891 Words
    • 14 Pages
    Best Essays
  • Powerful Essays

    Global Meltdown

    • 2647 Words
    • 11 Pages

    The term Global Meltdown refers to a sudden change in the economic stability in an economy, a situation where some of the huge economic institutions suddenly lose a large part of their assets. It may be due to the down turn of banking institutions or stock market crashes or bubble or huge inflation or sovereign default. The economic crisis and associated recession originated in the US in early 2008, spread to Europe and engulfed most of the economies in both developed and developing world. The various economic activities such as production, employment, saving, investment and consumption were badly affected and thereby the economy of the country as well as an individual did undergo a downturn during the crisis.…

    • 2647 Words
    • 11 Pages
    Powerful Essays