global tsunami 2008

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Recommended: Financial crisis in the us essay

Then, how this problem that is originated from US has affected whole world by causing global turmoil of economic tsunami? United States has undoubtedly biggest financial market in the world. The economic crisis on United States has different affect on global market with the economic crisis on any other countries. When United States faced financial crisis, to recover from debt, investors on United States initiated to cease any investments on another countries and to retrieve the invested money. This affect on cash flow of dollar, resulting decrease in the amount of dollar in another countries and increase on their own cash. Thus, inflation is created on each country and even in United States (there is a increase in dollar for United States). Therefore, global turmoil is established. As stated earlier, this global financial crisis that superficially seems to be causing only negative effects on the global economy, also caused positive effects in global economy in the long term. This was a pivotal event in the global economy and beneficial opportunity to evaluate global economy and pro...

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