Economia

THE IMPACT OF ECONOMIC CRISIS WORLDWIDE

Charles Darwin once said: the strongest will always survive. In these days we´ve seen that this theory is not completely truth.
Good morning teacher,classmates, and public in general I´m here today to talk to you about the impact of economic crisis worldwide.
The term financial crisis is applied broadly to a variety of situations in which somefinancial institutions or assets suddenly lose a large part of their value.
Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments ineven the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
Countries in development have always been the ugly ducks in the economy; always needing helpfrom the “first world countries”. But these countries along the time have gone to the extreme capitalism, as a result they’ve taken debts they can’t afford, the banks don’t have any more money forcredits, there’s a lot of people loosing jobs, and the countries are in bankrupt.
On the one hand many people are concerned that those responsible for the financial problems are the ones being bailed out,while on the other hand, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world.
Globalization has helped us a lot along the time,transforming all the countries dependent to the rest. The clear example of this is on the other side of the Atlantic Ocean. Greece is in bankrupt! They can’t pay their debts, thus the countries that lendthem money are having financial troubles. Europe is coming down; first with Greece, second with Portugal, afterwards Spain. This chain is massive if they don’t make a stop to it all the world will comedown.
The problem could have been avoided, if ideologues supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns. Also with a...