global economic crisi

8/19/2019 Global Economic Crisi

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Topic: Global Economic

Prof:Gary Giss

Nguyen Thi Que Chi 1258005

Nguyen Quoc Phi hanh 125802!

Tran Trung "ieu 1258022

#e Tan $nh 1158005


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$ si%ua%ion in

&hich %he economy of a coun%ry

e'periences a su((en (o&n%urn brough%

on by a financial crisis)

What is economic crisis?


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Economic crisis in 1929-1933

(overproduction)

• The biggest overproduction.

•

*eason: excessive producing >< o! purch"sing po!er too much

inventories.


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• "appening:

#The crisis st"rted $rom the %& in 9'1929

#n the %&: industri" production $e *+

iron "nd stee dropped ,+

"utomotive do!n 9*+ 11** enterprises !ent b"nrupt

#n the % (1931)

production o$ pig iron ost *+ pro$it

the tr"de $e /*+


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• "appening+con%),:

#n 0r"nce (193*-193/): industri" output $e b 3*+

/*+ o$ $oreign tr"de

3*+ o$ n"tion" income

#n erm"n: industri" output $e ,,+.

#The crisis "sted $or $our e"rs unti 1933 thenended.


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#The s""r !"s reduced " ot

industri" !"ges on /+ (the %&) "nd $e

/*+ (4rit"in) s""r reduced $rom 3* to 5*+ (0r"nce)

$"rmers6 incomes

decre"sed b 2., times


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7o! did the crisis e$$ect to gob" poitic8

• In the US

2 thousand workers demonstrated (1930)

3,5 million workers participated in thestrike. (19291933)

•In !erman"# 15 thousand

workers on strike (1930) and 35

thousand miners strike (1933)


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International $conomic

%r&ani'ations


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%*+ -/

•

19 retton oods onerence• and I4 # ased in ashin&ton, +.

• reduction o po7ert", pro7ides loans tode7elopin& countries or capital pro&rams

• I+ and I+-

• - component o the orld ank !roup 8 amemer o the United ations

+e7elopment !roup• +e7elopin& countries # human, a&riculture

and rural de7elopment, en7ironmentalprotection, etc

I t ti l t 4 d


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International onetar" 4und(I4)

• 19 retton oods onerence # at the

e&innin& 29 memer currentl" # 1:: memers• ;1:: countries workin& to oster &loal monetar"

cooperation, secure


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• %>ecti7es # – promote international economic cooperation

– international trade

– emplo"ment

– e?chan&erate stailit"

– oster &loal &rowth and economic stailit"

– mend the pieces o the international econom"ater the !reat +epression and orld ar II

– technical assistance


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@he %r&ani'ation or $conomic ooperation and +e7elopment (%$+)• 19A1

•-merican reco7er" pro&ram


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orld ank !roup• 2B +ecemer 195 ollowin& international

rati


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Impact of economicorganiations

• 1993 to 1999, the I4

e?tended to Cordan threee?tended und acilit"loans

• was admitted to theorld @rade %r&ani'ation(@%) (2000)

• ree trade accord withthe US

• rin& down det

pa"ment• # USD250 to 4rance

or postwarreconstruction


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Eolitics aFect

!loal $conom"


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hina

oitic:-hin" communist p"rt1;th con$erence- i =inping (ener"&ecret"r o$ the ommunist"rt o$ hin")

- e$orm- orruption-=i"ng ?emin ($ormer

ener" &ecret"r o$ theommunist "rt o$ hin")

-robems in se".


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hina

• $conomic%il

• urrenc" (G) H.

• $?port inport.


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!loal -Fection• ietnam ( oil, currenc" ..)

• ene'uela ( *oan 50 DDD)

• -merican ( Starup in hina)

• InJation in import nation


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!reece•

Eolitical#$lection in 2012 #3 main part"# +, E-S%/, SGIK- Erime minister # -le?is @sipras 3rd Supportin& ud&et ( rom $Uand I4)


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$conomic• !+E decrease

• +ept is much

• ankin& s"stem is emer&enc"

• eed I4 and $U support.

• %ut $U 'one.


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!loal -Fection

• hina want to help.

• - new collaroratorin political prolem.

• +omino eFect

• urden o $U


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ussia•

political#rime+iFerent with -mericanLsperspecti7e.


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$conomic

• $mar&o ( US and $urope)

• 4indin& the new collarorators,market ( import and e?port)

• ead" ecome a new competitorwith $urope.


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!loal -Fection•

-merican and $U losin&• hina can take ene


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Forces !ri"ing

globaliationM Advances in information and

computer technologies

M The globalization of nationaleconomies

M The liberalization of national

nancial and capital markets

M Competition among the providersof intermediary services


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Changes in capital markets

These $orces h"ve in turn ed to dr"m"tic ch"nges in thestructure o$ n"tion" "nd intern"tion" c"pit" m"rets.

#rocess o$ disintermedi"tion

#ross-border $in"nci" "ctivit h"s incre"sed

#The nonb"n $in"nci" institutions "re competing

#4"ns h"ve exp"nded beond their tr"dition"

deposit-t"ing "nd b""nce-sheet-ending businesses


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Benefits versus risks

@ in " the r"dic" ch"nge in the n"ture o$ c"pit"

m"rets h"s o$$ered unprecedented bene$its. 4ut it

h"s "so ch"nged m"ret dn"mics

.Ane o$ the m"in bene$its o$ the gro!ing diversit o$

$unding sources is th"t it reduces the ris o$ "

Bcredit crunchC

.Dore choices open to them borro!ers "nd investors

c"n obt"in better terms on their $in"ncing


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global economic crisi

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