The world economy experienced since the end of the eighties of the last century and to this day causes a quantum leap due mainly to the end of bipolarity and reinforce the existing system on the principles of freedom, individual initiative and free enterprise as a model as possible without a single competitor.
He was also a growing phenomena of globalization and the development of modern means of communication the role of motivational unprecedented coordinated opening of economies and financial markets, national and international, and their inter action with each other that this pattern differs between the Department of the real economy or the real classic and the Department of Economy financial need and that the capital is theoretically It is a fundamental principle of freedom to transmit at full time and space.
The stunning development is due to the size and value of the financial activities of the heart of the global financial markets to several factors, including:
** Removing the independence of the financial activities into a single financial market.
** creation and innovation of new financial products.
** the growing speculation.
** technical and technological interdependence between global financial markets.
We knew the world economy during the second half of the last century and to some extent today, a number of crises circumstantial successive and including the Mexican crisis of 1982, a crisis of the American Stock Exchange in October 1987, the crisis of Japan in 1990 and finally the Asian crisis of 1997, which showed conclusively that the economic crisis Great in the system of globalization is rapidly moving from the financial market to another, given the structural interdependence among them all.
The current global financial crisis that the biggest crisis ever and the most cost effective and which requires him to wonder about the causes and factors of the global financial crisis and their impact on global markets.
التسميات
Economic policy