2. 9 August 2007. 15 September 2008. 2 April 2009. 9 May 2010. 5 August 2011
A situation in which the value of financial institutions
or assets drops rapidly.
Effects :
• Collapse of large financial institutions,
• The bailout of banks by national governments
• Downturns in stock markets around the world.
• The housing market also suffered and prolonged
unemployment.
Definition of Global Economic Crisis
3. Housing Bubbles (US, France, UK, Italy,
Singapore, etc.)
Bad financial regulation
Sovereign Crisis Debt
Factors
7. Development goes to Developing Countries
• China
• BRICS (Brazil, Russia, India, China, South Africa)
• ASEAN (Brunei Darussalam, Indonesia, Malaysia, Laos, Thailand, Myanmar, Cambodia, Singapore, Philliphine )
8. Put the ‘doomsday day’ on you calendar
Understand economic crisis, and prevent it
Conclusion