Open AccessThe Global Financial Crisis and International Trade
Author(s) -
Gouher Ahmed,
Anwar Al Gasaymeh,
Tariq Mehmood
Publication year - 2017
Publication title -
asian economic and financial review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.215
H-Index - 10
eISSN - 2305-2147
pISSN - 2222-6737
DOI - 10.18488/journal.aefr.2017.76.600.610
Subject(s) - recession , financial crisis , global recession , economics , great recession , slowdown , trade finance , world trade , international economics , international trade , international finance , financial system , finance , keynesian economics , macroeconomics , public finance , economic growth
The objective of the study is to study the global financial crisis of 2008 and its aftermath. The Great Recession, which is still found fluttering, and the consequences of the recession. As a result of the recession, the global economy is in a slowdown mode, impacting global trade in terms of magnitude and structure. The paper calls for pro-active regulatory structure including of Central banks and world bodies such as IMF, WB, and WTO need to awaken to their responsibility of straightening out international finance and trade.
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