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The Way Out of the Global Economic Crisis

Social and Basic Sciences Research Review

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Title The Way Out of the Global Economic Crisis
Creator Jeewandarage, P. M.
Subject Economic crisis, corporate bankruptcies, unemployment, economic growth, Asian countries, emerging economies
Description This review details about one of the fundamental dilemmas, which discussed all over the world. Mainly, the collapses of large corporate and countries, as well as downturns in economies in economic growth, increasing unemployment, and collapses of the trade can be highlighted as the fundamental causes for the crisis. Given that, many large economies have turned into chaos as an awful repercussion of the crisis. However, many economists as well as countries as whole addressed remedies to prevent those so called negative repercussions; it is a generally accepted fact that, those remedies were not totally successful.Thus, this reviews elaborating the notion of World Economic Crisis at the outset, and postulates some of the major corporate collapses in the world. Thereafter, details about the major downturns of the economic growth as well as high unemployment problems occurred as causes for the core discussion. More focally, author develops facts about the impacts of the crisis toward the Sri Lankan economic and the financial sector as well. Finally, strive to postulate, the feasibility of the remedies addressed to the phenomenon discussed and build an argument with a critical justification where, “there is no way Sri Lanka can keep away from the effects of economic recession but certainly the authorities could think and act sensibly towards finding ways of minimizing the impact by adopting proper policies. Most of all, the important thing is to adopt proactive policies”.
Publisher Academy of Business & Scientific Research (ABSR)
Date 2015-09-09
Type info:eu-repo/semantics/article
Peer-reviewed Article
Source Social and Basic Sciences Research Review; Vol 3 No 9 (2015): September; 291-298
Language eng
Rights Copyright (c) 2015 Social and Basic Sciences Research Review