publication . Article . 2009

The World Financial Crisis

F. Gerard Adams;
Open Access
  • Published: 01 Jan 2009 Journal: World Economics Journal, volume 10, issue 1 January, pages 45-58
The world financial crisis of 2008 is a consequence of new financial technologies, new accounting methods and new international linkages. These developments have come at a time when governments have returned to an old-fashioned freemarket philosophy. This paper links the systemic financial/economic crisis of 2008 to the new economy developments, globalisation and policy philosophy perspectives of recent decades. It raises the question of how to re-establish confidence once traditional thinking has been questioned.
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