GLOBAL FINANCIAL AND ECONOMIC CRISIS: EFFECT OF MEASURES UNDERTAKEN SO FAR

Abstract

The global financial and economic crisis which is in its fifth year has been continuously followed with unabated interest by the media, government officials and analysts of social and economic trends. There has been written and said about this crises more than about any other natural or social trouble the world is facing with. Nevertheless, there are still basic questions about crisis without complete and clear answer. On the other hand, the policies and actions of the leading countries of the world, global institutions and global financial and monetary institutions and transnational corporations resolving this crisis still rely on the basic features of neoliberalism, with a result that the agreed measures and actions do not indicate that they have the objective to resolve the crisis. This paper presents an analysis of underlying economic indicators from the time of its beginning until today in order to analyze whether the measures taken so far had the objective to resolve the crisis or to make it last continuously until today.