The World Economy Platform

Opinion / Finance and Investing

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The World Economy Platform
Kasun Galagedara, Member, Other, Sri Lanka

World Economy in a big problem in 2012

The dawn of the new year 2012 it begins with the lots of new strategies to overcome the current situation in the world economy. Its look into cost reduction, Managing Human Resources, Law cost products etc. However except all these thing if we can go for the BASICS in every aspect then we could be able to align the situation for a better one.
The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out, while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.

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