The Influence of Financial Crisis on Global Economic Growth and Trade Patterns,and the Major Problems of World Economy
Bao Jian-yuna
Abstract
Bao Jian-yuna
Abstract
Financial crisis has dramatically changed global economic growth and the trade patterns.Irresistible changes have been made on the positions and influence of newly emerging countries and western countries before and after the crisis.Most of the economies in the post crisis era will gradually get rid of economic slowdown and economic depression,and step into a new economic growth cycle.International trade will gradually free from downward tendency and step into a new growth stage.How to coordinate the economic relations among countries,control interest conflict and trade frictions,handle debt crisis of Europe and America,and avoid economic recession are the common problems facing different countries.
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Financial crisis has dramatically changed global economic growth and the trade patterns.Irresistible changes have been made on the positions and influence of newly emerging countries and western countries before and after the crisis.Most of the economies in the post crisis era will gradually get rid of economic slowdown and economic depression,and step into a new economic growth cycle.International trade will gradually free from downward tendency and step into a new growth stage.How to coordinate the economic relations among countries,control interest conflict and trade frictions,handle debt crisis of Europe and America,and avoid economic recession are the common problems facing different countries.
Key concepts: Recession, Economics, Financial crisis, Economic slowdown, Great Depression, Business cycle, Economic integration, International economics