Download - Global Economic Crisi
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Topic: Global Economic
Prof:Gary Giss
Nguyen Thi Que Chi 1258005
Nguyen Quoc Phi hanh 125802!
Tran Trung "ieu 1258022
#e Tan $nh 1158005
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$ si%ua%ion in
&hich %he economy of a coun%ry
e'periences a su((en (o&n%urn brough%
on by a financial crisis)
What is economic crisis?
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Economic crisis in 1929-1933
(overproduction)
• The biggest overproduction.
•
*eason: excessive producing >< o! purch"sing po!er too much
inventories.
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• "appening:
#The crisis st"rted $rom the %& in 9'1929
#n the %&: industri" production $e *+
iron "nd stee dropped ,+
"utomotive do!n 9*+ 11** enterprises !ent b"nrupt
#n the % (1931)
production o$ pig iron ost *+ pro$it
the tr"de $e /*+
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• "appening+con%),:
#n 0r"nce (193*-193/): industri" output $e b 3*+
/*+ o$ $oreign tr"de
3*+ o$ n"tion" income
#n erm"n: industri" output $e ,,+.
#The crisis "sted $or $our e"rs unti 1933 thenended.
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#The s""r !"s reduced " ot
industri" !"ges on /+ (the %&) "nd $e
/*+ (4rit"in) s""r reduced $rom 3* to 5*+ (0r"nce)
$"rmers6 incomes
decre"sed b 2., times
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7o! did the crisis e$$ect to gob" poitic8
• In the US
2 thousand workers demonstrated (1930)
3,5 million workers participated in thestrike. (19291933)
•In !erman"# 15 thousand
workers on strike (1930) and 35
thousand miners strike (1933)
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International $conomic
%r&ani'ations
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%*+ -/
•
19 retton oods onerence• and I4 # ased in ashin&ton, +.
• reduction o po7ert", pro7ides loans tode7elopin& countries or capital pro&rams
• I+ and I+-
• - component o the orld ank !roup 8 amemer o the United ations
+e7elopment !roup• +e7elopin& countries # human, a&riculture
and rural de7elopment, en7ironmentalprotection, etc
I t ti l t 4 d
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International onetar" 4und(I4)
• 19 retton oods onerence # at the
e&innin& 29 memer currentl" # 1:: memers• ;1:: countries workin& to oster &loal monetar"
cooperation, secure
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• %>ecti7es # – promote international economic cooperation
– international trade
– emplo"ment
– e?chan&erate stailit"
– oster &loal &rowth and economic stailit"
– mend the pieces o the international econom"ater the !reat +epression and orld ar II
– technical assistance
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@he %r&ani'ation or $conomic ooperation and +e7elopment (%$+)• 19A1
•-merican reco7er" pro&ram
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orld ank !roup• 2B +ecemer 195 ollowin& international
rati
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Impact of economicorganiations
• 1993 to 1999, the I4
e?tended to Cordan threee?tended und acilit"loans
• was admitted to theorld @rade %r&ani'ation(@%) (2000)
• ree trade accord withthe US
• rin& down det
pa"ment• # USD250 to 4rance
or postwarreconstruction
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Eolitics aFect
!loal $conom"
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hina
oitic:-hin" communist p"rt1;th con$erence- i =inping (ener"&ecret"r o$ the ommunist"rt o$ hin")
- e$orm- orruption-=i"ng ?emin ($ormer
ener" &ecret"r o$ theommunist "rt o$ hin")
-robems in se".
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hina
• $conomic%il
• urrenc" (G) H.
• $?port inport.
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!loal -Fection• ietnam ( oil, currenc" ..)
• ene'uela ( *oan 50 DDD)
• -merican ( Starup in hina)
• InJation in import nation
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!reece•
Eolitical#$lection in 2012 #3 main part"# +, E-S%/, SGIK- Erime minister # -le?is @sipras 3rd Supportin& ud&et ( rom $Uand I4)
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$conomic• !+E decrease
• +ept is much
• ankin& s"stem is emer&enc"
• eed I4 and $U support.
• %ut $U 'one.
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!loal -Fection
• hina want to help.
• - new collaroratorin political prolem.
• +omino eFect
• urden o $U
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ussia•
political#rime+iFerent with -mericanLsperspecti7e.
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$conomic
• $mar&o ( US and $urope)
• 4indin& the new collarorators,market ( import and e?port)
• ead" ecome a new competitorwith $urope.
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!loal -Fection•
-merican and $U losin&• hina can take ene
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Forces !ri"ing
globaliationM Advances in information and
computer technologies
M The globalization of nationaleconomies
M The liberalization of national
nancial and capital markets
M Competition among the providersof intermediary services
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Changes in capital markets
These $orces h"ve in turn ed to dr"m"tic ch"nges in thestructure o$ n"tion" "nd intern"tion" c"pit" m"rets.
#rocess o$ disintermedi"tion
#ross-border $in"nci" "ctivit h"s incre"sed
#The nonb"n $in"nci" institutions "re competing
#4"ns h"ve exp"nded beond their tr"dition"
deposit-t"ing "nd b""nce-sheet-ending businesses
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Benefits versus risks
@ in " the r"dic" ch"nge in the n"ture o$ c"pit"
m"rets h"s o$$ered unprecedented bene$its. 4ut it
h"s "so ch"nged m"ret dn"mics
.Ane o$ the m"in bene$its o$ the gro!ing diversit o$
$unding sources is th"t it reduces the ris o$ "
Bcredit crunchC
.Dore choices open to them borro!ers "nd investors
c"n obt"in better terms on their $in"ncing
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