Global financial crisis

The global financial crisis having started in wealthy countries is being felt around the world. Rich country governments rush to bail out failing institutions, many of which are responsible for the problems in the first place. By contrast, ordinary citizens and smaller businesses rarely get such protections. On the other hand, the nature of the crisis threatens to destabilize much of the economy so it seems that something needs to be done. Yet this situation could have long been avoided. An overview of some of the issues and implications of the global financial crisis is provided.

Originally from