Category: Economic Crisis

Low-wage workers have to face a wide range of difficulties; the greatest of them is the fear of losing their jobs. This sphere is characterized by constant turnover of the personnel, thus every employee feels uncertain about his or her position in the company. In her book Nickel and Dimed, Barbara Ehrenreich argues that these…

This paper is a critique of the article about “Managing the global supply chain in a time of economic crisis” by Paul Laudicina who happens to be a senior principal with the global consulting firm, AT Kearney. The article is his keynote address at a meeting of global business leaders and this paper attempts to…

During 2007 the world economy grew at 5.2 percent which was mainly powered by the rapid economic growth in the emerging economies of China, India, and Russia at 11%, 9% and 8% respectively. Hence, during the year 2007, the economic condition of the world appeared to be very bright and these emerging markets played a…

Economic indicators for the current global financial crisis It is not lost on anyone that prior to the start of the prevailing global economic crisis in September 2008, there had already been published countless business journals that sought to warn the various governments and investors alike of the looming danger ahead (Fackler 2008). Specifically, such…

The world is in the grip of the worst economic turmoil since the great depression of the 1930s, it all started from the collapse of the US mortgage giants and quickly spread to various financial institutions and we ended up seeing financial institutions like Freddie Mac and Fannie Mae collapsing and the US mortgage system…

Introduction There is hardly any person on this Earth whose life was not affected by the economic crisis which hit the entire world in 2008. The economy of every single country was greatly influenced by the crisis which resulted in high unemployment rates, increased prices for food, a subprime mortgage crisis, and declining dollar value.…

Table of Contents Background Aim of study Introduction to study References Background The “Celtic Tiger” has bowed to the pressure of the global economic crisis. Ireland had gotten this name in the early 1990 when it had become the fastest growing economy and most wealthy nation in Western Europe. One reason for this impressive growth…

The 2008 financial crisis shocked the entire world, severely damaging many economies and showcasing the importance of both domestic and international markets in societal well-being. Considering its relatively recent occurrence, the global financial crisis was believed to become a milestone and a reference for adopting measures to prevent economic breakdowns in the future. However, with…

Causes of the 2007-2008 Economic Crisis The economic crisis of 2007-2008 had the most far-reaching financial repercussions for the U.S. economy since the Great Depression (Helleiner 2011). The significant increase in sub-prime mortgage defaults caused the bursting of a housing bubble. As a result of the growth in the number of defaults, the stability of…

In America, the majority of citizens wish to live the elusive American dream. However, the idea of being financially comfortable does not always come true for everyone, especially for families living below the poverty line. It is even harsher on children who live in such families. In the PBS documentary, Poor kids season 2017 episode…