Impact of the Current Global Financial Crisis Analytical Essay

Impact of the Current Global Financial Crisis
A look at the impact of the recent financial crisis on Europe, China and India.
# 129182 | 1,136 words | 5 sources | APA | 2009 | KE


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Description:

This paper discusses how the current global financial problems have manifested themselves, with particular emphasis on Europe, China and India. It is divided into three sections; the first one analyzing the impact of the crisis on each country followed by a section analyzing the reaction of each of the three countries and finally the third section concludes that Europe had the poorest response and did not respond in a timely manner.

Outline:
Executive Summary
Introduction
Impact of Global Financial Crisis on Europe, China and India
Reaction to the Global Financial Crisis
Conclusion

From the Paper:

''The current global financial crisis has impacted Europe, China and India in unique ways. Europe is suffering from the threat to the existence of the Euro zone, protectionism and fear of other industries becoming reliant on bailing out in case of any financial crisis. Apart from these economic impacts, there are other impacts which include the threat to the environmental policy on greenhouse gas emissions and strained relations with neighbouring countries. China has faced the threat of its foreign reserves losing purchasing power due to devaluation of the US treasury bonds and the decrease in external demand lowers its economic growth. Finally, India has a policy approach that shields it from the global financial crisis as it has not fully globalized its domestic financial market.
An analysis of the reaction of these three countries to the global financial crisis reveals that Europe had the poorest response and did not respond in a timely manner.''

Sample of Sources Used:

  • Center for European Reform, 2008, Beyond banking: what the financial crisis means for the EU, Viewed 13 April 2010, <http://www.cer.org.uk/pdf/pb_fin_crisis_23oct08.pdf>
  • Ming Z, 2009, The impact of the global crisis on China and its reaction (ARI), Viewed 13 April 2010, <http://www.realinstitutoelcano.org/wps/portal/rielcano_eng/Content?WCM_GLOBAL_CONTEXT=/elcano/elcano_in/zonas_in/asia-pacific/ari62-2009>
  • Rakesh M, 2008, Global Financial Crisis and Key Risks: Impact on India and Asia, Viewed 13 April 2010, <http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/87784.pdf>
  • RIETI Report No. 112, 2009, China's Reaction to the Global Economic Crisis, Viewed 13 April 2010, <http://www.rieti.go.jp/en/rieti_report/112.html>
  • Shradhanjali P. & Sanjukta M, 2009, The positive impacts of financial crisis on Indian economy, Viewed 13 April 2010, <http://www.indianmba.com/Faculty_Column/FC1011/fc1012.html>

Cite this Analytical Essay:

APA Format

Impact of the Current Global Financial Crisis (2010, September 12) Retrieved September 27, 2022, from https://www.academon.com/analytical-essay/impact-of-the-current-global-financial-crisis-129182/

MLA Format

"Impact of the Current Global Financial Crisis" 12 September 2010. Web. 27 September. 2022. <https://www.academon.com/analytical-essay/impact-of-the-current-global-financial-crisis-129182/>

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