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- Title
The economic crisis and the great problems of mankind.
- Authors
HUIDUMAC-PETRESCU, Cătălin-Emilian; POPA, Alexandru Cătălin
- Abstract
The economic crisis that humanity is currently facing proves to be the most severe one since the Great Depression of the 1930s. Poor financial system, unsustainable public debt and competitiveness inequalities in the world have greatly contributed to the crisis. Naturally, economic policy makers are concerned about problems related to the restoration of fiscal, trade and monetary balances and are trying to boost investment, employment and consumption. Solving these problems is difficult, but insufficient for the future of global economy. This paper attempts to draw attention to problems with long-term impact which, if they are neglected, could cause future crises of even greater intensity than the present one. Among these issues are increased poverty, lack of environmental protection and demographic imbalances.
- Subjects
DEPRESSIONS (Economics); BUSINESS cycles; ECONOMIC recovery; FINANCIAL crises; RECESSIONS
- Publication
Theoretical & Applied Economics, 2014, Vol 21, Issue 7, p99
- ISSN
1841-8678
- Publication type
Article