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Analysis of The Global Economic Recession - Research Paper Example

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This paper discusses of the economic recession, in which both the managers and governments of the host nations ought to take certain measures into consideration as a way of trying to mitigate the severe effects of global economic recession. The paper analyses liberalize investment among different countries…
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Analysis of The Global Economic Recession
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Download file to see previous pages On the other hand, the concept of economic recession also ought to be explained in order to grasp the requirements needed to be taken into consideration before carrying out business across national boundaries. According to an IMF research document published in 2008, “the world economy is decelerating quickly, buffeted by an extraordinary financial shock and by still-high energy and commodity prices and many advanced economies are close to or moving into recession.” The global economic recession has seen many economies worldwide slumping resulting in loss of jobs in some instances as well as a reduction in disposable income. Instead of growing, the economies across the world are instead declining and these have negative impacts across the spectrum.
It should be noted that there are quite a number of key players that drive globalization and these include the multinational corporations, World Trade Organisation (WTO), World Bank and International Monetary Fund (IMF). National governments are also key actors as they authorize trade to take place between them and the multinational corporations intending to invest in their countries. They are very instrumental in determining the outcomes of trade and investment between the states involved as they are the overall authority which would be responsible for regulation of the operations of the multinational companies. The WTO also play a pivotal role in that it facilitates the platform through which international trade agreements are negotiated and enforced among member states. On the other hand, the World Bank and the IMF are major actors in that they provide with loans as well as technical assistance to the governments or multinational corporations that wish to invest in other different countries. ...Download file to see next pagesRead More
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