The global economic system has been trying to weather the crisis.
Because of dynamics of economy does not act effectively in some economies of the
world.
In the world, some nations’ economic activities have not achieved
a stable position regarding unresolved basic global problems.
When we look at some examples for this, one of nations is Syria.
There are no economical activities with regard to political uprising that has
been persisting for some two years.
Another drastic example for economic and social collapsing is
Afghanistan. This country is suffering from strife and terror for over 30
years.
Another painful example has been persisting in Iraq for over 20
years, since the first Iraq war that was started with regard to the invasion of
Kuwait by Iraqi army and then Iraq war II, since then this country cannot be
able to hold an order.
As known, in the region, Palestine is the most striking example
and bleeding sore that has been in the war condition over 60 years and
struggling to win an independent state statute even though the UN has approved.
Some countries in both Africa and Asia continents suffer from
destabilization and strife.
In addition, some parts of the world are punctuated by the natural disaster
from time to time, so the global economic situation has been volatile.
Thus the political uprising, strife and wars and natural
disasters in the world have blockaded the achievement in economic activities of nations...
There is also a global change in the world that has being experienced
for over two decades.
The last two decades of the 20th century were staged
outstanding events. Thanks to advanced communication technologies and transparency,
iron curtain countries were divided into many countries.
Winds of restructuring have been maintaining its effect. Thereby
change across the world has gotten acceleration in terms of politic, economic
and social.
As if this global change has seemingly turned into a global
economic crisis.
Since the great depression which appeared in 2008, the global
economic crisis cannot be overwhelmed, thereby full of recovery cannot be
achieved.
Following collapsing of iron curtain, the European Union has
launched an expansion campaign.
Majority of those countries entered the EU.
So some analysts comment that the euro area crisis finds its roots
in the credit booms seen in many countries following the introduction of the
euro in 1999.
The economy experts
also comment the major developed economies related to problems left unresolved
in the aftermath of the Great Recession of 2008-2009.
During last 5 years the leading advanced economies of the world
could not be able to get rid of the crisis completely.
The principal problems
in many economies of the global world, which are struggling, are unemployment that
remains high, as well as fiscal problems, carrying out austerity measures, spending cuts or tax
hikes.
In addition, there are
also sovereign debt
distress, fragile banking sectors and weak aggregate demand.
Without growth, the future of the global economy is regarded in
jeopardy.
As for how to overwhelm the crisis and
restore growth, the things must be done are listed like this; completing reform
of the financial sector; and addressing inequality and
building inclusive growth in order to generate
jobs and food for the millions of unemployed.
The euro zone and United States are regarded the foremost
fragile economies because of fiscal cliff. Even if solutions can be found to the crises in the Middle East
and Europe, economic growth is expected to stagnate and then gradually return
with some further strengthening in 2014.
In conclusion, currently
the global economy seems to get full recovery in 2015, according to the
interpretations.