Causes, Effects And How To Avoid The Recent Financial Crisis

ASHESI UNIVERSITY COLLEGE

International Trade

Final Essay

Casely F. Okyere

5/17/2010

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Table of Contents
executive Summary3
Introduction4
An overview of the dissimilar economic systems5
Advantages of the market parsimony6
Disadvantage of the market economy7
Advantages of Command economies8
Disadvantages of command economies8
Advantages of the abstruse economy8
Preventing another world(prenominal) systemic pecuniary clangor in future9
Policies to prevent future crisis11
Preventing another global systemic financial collapse in future13
purpose15

Executive Summary
A certain judgement of globalisation is brief to a close with the end of a financial capitalism that had imposed its logic on the whole economy and contributed to perverting it. The idea of the absolute power of the markets that should not be constrained by any rule, by any political intervention, was a feisty idea. The idea that markets are always right was a disturbed idea. Nicholas Sarkozy. (Das)
This paper explains why the French president made the line of reasoning above and why a government intervention is genuinely necessary in a market economy as proposed by the Keynesian theory.



Firms are putting profit out front of what is morally right and that is one of the slips of the recent global financial crisis. Therefore, the financial industry needs to be well regulate to prevent any reoccurrence of another financial crisis as whenever a financial crisis occurs the negative effect on businesses, savings and bonus funds are very great. This paper explains clearly the cause and effect of a global financial crisis on the different types of economies and also gives details on how economies can be structured to prevent another global financial crisis.
Examples were drawn from the Canadian banking system, routinely listed as the best banking system in the world, on how governments can regulate their financial system. Canadas success tommyrot is as a result of proper government regulation, therefore...If you expect to get a full essay, order it on our website: Orderessay



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