The global economy was expected to suffer from negative growth for the complete year in 2009, a phenomenon not seen since World War II. While the U.S. subprime mortgage calamity was attributed as the initial instigator, it was noted that the "global imbalances" of the U.S. current account deficit financed for many years by other countries such as China was also a chief perpetrator of the catastrophe as well.
The First Global Financial Crisis of the 21st Century case study solution
Policymakers around the world understood that the scope and scale of the financial crisis demanded a unified international response. Yet there were conflicting perspectives on what type of activity was needed to address the first global monetary catastrophe of the 21st century.
PUBLICATION DATE: April 07, 2009 PRODUCT #: 709057-HCB-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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