Tag: global financial crisis

Global Financial Crisis (Global Crisis Series)

There has been a recent decline in the global financial system as many countries are facing a severe financial hardship, high unemployment, and a decline in currency value. The global market relies on each country to import and export goods. This is needed to sustain the global economy. When one or more countries are not able to contribute to the global economy, then the impact trickles down to the rest. The global financial system is a balance that must be adjusted according to supply and demand. When a country begins to suffer a financial strain, then the chance of inflation increases. This forces other countries to adjust their monetary value to stabilize the market. These types of actions create the possibility of a crash in the financial system, as countries loose value in their currency.