When bank debts are massive in any country and it is simply impossible to repay them in the most reasonable time, or if the country has a shortage or on the contrary, reproduction of products, then it can be accurately state that in this state an economic crisis in this state.
Some historians believe that the first crisis was in the Roman Empire many centuries ago, while other scientists consider the dominant the first crisis in England at the beginning of the nineteenth century, which touched the economy and other well -developed countries.
Everyone knows that the global crisis of the two thousand eighth years affected the financial and economic system of most countries, which immediately worsened economic indicators. The world economic crisis was preceded by a mortgage crisis in America, when people were given a housing loan at the so -called average percentage, that is, over the norm, for example, for the arrangement of the house, and this did not work, because the cost of the deposit was much less than the amount provided, and the real estate prices sharply Fell.
Many politicians predicted the quick completion of the crisis, but it still exists, I would not want it to last several decades, as experts around the world predicts.
However, the global crisis touched everyone in different ways, for example, in Australia, people were banned in Australia, and in Belarus the consequences of the crisis began a little later, since the stock and financial market in the country is not at a high level, but there is also a weak integration into the world financial system. In India, the quotes of shares fell sharply, which provoked the flight of foreign capital from the country.
What to do to overcome the global crisis and the formation of a sustainable financial and economic system? It is necessary to create a coordination body to regulate global finance. In addition, it is necessary to maintain high economic growth rates, and it is very important to ensure the employment of citizens.
The rapid development of civilization at the beginning of the twentieth century weightly violated the balance throughout the globe. Natural resources are greatly exhausted, global climate change is approaching, since cosmos began to be mastered, nuclear weapons are tested, which provokes all kinds of disasters, as well as energy and food deficits. The most important solution will be the awareness of the impending universal catastrophe and an attempt to find a collective way out in solving the problem.
While politicians are looking for exits, people should adapt to the course of time. You need to self -figurate yourself, if necessary, retraining in order to survive in today’s world, you need to look for your own ways to overcome the crisis.