“Global Economic crisis: Impact on IT Industry in India.” Abstract: Globalization has ensured that none of the economies of the world stays insulated from the global economic crisis. But there was a general belief that the emerging economies could remain largely apart from the global economic meltdown and provide an alternative engine of growth to the world economy. The effect of the crisis on the Indian economy was not significant in the beginning. The argument soon proved unfounded as the global
Premium Economics Subprime mortgage crisis Financial crisis
What Caused Economic Crisis? Readers Questions: What are the factors that makes today’s economic crisis? Which of them are the most important in today’s economic crisis? Some of the most significant factors in causing today’s economic crisis: · A glut of saving from Asia. A glut of savings poured into US and similar countries like UK. This kept US interest rates low and encouraged high levels of consumer spending in US. It encouraged a large current account deficit in the US. It also encouraged
Premium Subprime mortgage crisis Mortgage Subprime lending
A comparison of economic growth in Germany and Norway from 1986 – 2010. The impact of four key concepts: comparative advantage‚ culture‚ economic freedom and innovation progress. Matúš Magic Utrecht University School of Economics Abstract This paper explains why Germany and Norway are one of the wealthiest nations in the world by using 4 key concepts – Comparative advantage‚ Innovation progress‚ Economic freedom and Culture. These four key concepts show us what has had to be done
Premium Economics Economic growth Gross domestic product
After the First World War‚ the economic condition of Germany became very weak. The German troops lost in the war and then Germany was economically destroyed. They were forced to pay war reparations to both Great Britain and France. Also‚ most of the people in the Germany were unemployed. Germans started making plans to find out the ways to generate new job in different fields like in power plants‚ transportation‚ and other related fields. Due to the huge increment in the social spending and sudden
Premium World War II Adolf Hitler Nazi Germany
The Economic Influence of War on Germany Throughout the history of the world there have been many wars‚ and with that said‚ there have been many effects that war has had on the economies of the countries involved. Not only can a war hurt individuals mentally and physically‚ but it is often overlooked how greatly it can economically devastate a country. For example‚ after World War I‚ a large amount of Germany was left in ruins. Cities were wiped out‚ businesses were blown off of the map‚ and
Premium World War II World War I Germany
description of the economic situation in Germany for the last forty years and argue on the possible macroeconomic factors and events that have possibly contributed to it. Germany has experienced a steady growth in the post World War II era and it keeps developing with positive growth rates. Fluctuations are of course present‚ but they can mainly be explained with by various events through the years. The well known German miracle was a phenomenon observed during the early 1960s‚ when Germany was growing
Premium World War II Economics Wirtschaftswunder
nature and causes of the global economic crisis What is global economic crisis? – The nature thereof. Global economic crisis refers to an economic situation in which most of the countries of the world go through a period of economic breakdown called contraction or recession or slump‚ which manifest itself in the decline in aggregate output‚ usually for two consecutive quarters. During this contraction period‚ the structure of the economies change‚ resulting in economic hardships such as‚ rising unemployment
Premium Economics Subprime mortgage crisis Supply and demand
on The Present Global Financial Crisis and Sri Lankan Economy by Mr Ajith Nivard Cabraal‚ Governor of the Central Bank of Sri Lanka 10 October 2008 1. The Global Economy is in Turmoil. The ongoing financial crisis originated as a result of the subprime mortgage crisis (SMC)‚ erupted in mid 2007. The SMC erupted due to the bursting of the US Housing Bubble and high default rates on “Sub Prime Mortgages”‚ beginning 2006. The major cause for this financial crisis was the reckless providing of loans
Premium Central bank Subprime mortgage crisis Inflation
College Business Ethics Case Analysis Introduction The residential real estate market consistently fluctuates and as such‚ can create ethical concerns for those involved. The recession which followed the 2008 financial crisis resulted in a plethora amount of borrowers losing their homes to foreclosure (Shaw‚ 2012). This case study involves a decision to walk away from a mortgage‚ after learning about unethical lending practices‚ which has been recommended by financial
Premium Ethics Business ethics Philosophy
1.Specify the exact duration and severity of the 2008 recession *The great second recession‚ and the aftermath of the events will never be ignored. The antecedent events of 2008 were highly questionable‚ as to why they transpired. As of present day‚ the United States is still amongst a financial slump. Again‚ the rippling effects in the recession of 2008 are still felt both near and far. We as American‚ never believed that such a financial atrocity would ever occur yet again after the financial
Premium Great Depression United States Economy of the United States