Eurokd
European KnowledgeDevelopment Institute

Original Research

World Economic Crisis and Its Influence on the World Economic Development

European Journal of Studies in Management and Business, Volume 9, Pages 1-7, https://doi.org/10.32038/mbrq.2019.09.01

Contemporary world admits and analyses the destroying results and consequences of the largest-ever the bankruptcy of the Lehman Brothers Investment bank which lead to the mortgage crisis and turned into the global one. The recession continues up to present, i.e. almost for ten years. Leading economists forecast the further negative issues and confess that the economic figures would never go back to the ones we had back ten years ago. The extreme points of consideration the recession and the crisis issues are in contradiction with the economic theory which predicts further recession though may never provide consistent and exact figures and dates. The reflection of the crisis onto the economic theory, science and on the real picture may provide further materials for discussions and arguments against the existence of the crisis, as the global economy development never interrupted. Moreover, the world faced the birth of an absolutely new and enigmatic product on the market –cryptocurrency. The question is: would the cryptocurrency bring the relief in terms of recession or would it lead to a new default of the market. The economic science estimates the pros and cons of the existing risks and market threats and hopefully will play its substantial role in eliminating them.

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How to cite this article:

Shapatava, M. (2019). World Economic Crisis and Its Influence on the World Economic Development. Management and Business Research Quarterly, 9, 1-7. https://doi.org/10.32038/mbrq.2019.09.01

 

Acknowledgments

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Funding

Not applicable.

 

Conflict of Interests

No, there are no conflicting interests. 

 

Open Access

This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. You may view a copy of Creative Commons Attribution 4.0 International License here: http://creativecommons.org/licenses/by/4.0/