Research design - Essay Example

Addition to this, the falling stock market and market prices across the world raised the concern. As a consequence, there were cuts in employment and inflation with the world growing concerned about financial stability and credit crisis of the global market. Something similar to this crisis took place in 1930 due to the Great Depression. However the responsible factors were quite different. There might be several theories and empirics which can explain the reasons behind the two crises and compare them.

While great Depression had a local effect, the crisis of 2008 has a global impact and therefore the solution has to be decided only after a global discussion. Are The nature, origin and consequences of a financial crisis are more or less similar for different nations and time periods? Can appropriate attention and awareness might help us take proper preventive measures or steps towards correction. The idea is to organize the available data in order to analyze and the origin, character and impacts of the financial crisis for different nations and for the two different time period chosen – the Great Depression of 1930 and the Global Financial Crisis of 2008.

The paper helps in recommendation of measures to correct this crisis. The paper would open the scope towards further research towards the future of the crisis. The paper compares the nature and characteristics of some of the crucial financial crises of the world and considers examples of some nations like China, USA, UK and India who have faced it. We also come to know how each of the important nations has participated in combating the crisis. What are the factors which led to the crisis of 2008 and also that of 1929?

What are the consequences and the possible destination of this process? What are the recommendable measures to correct this problem? Are financial crises always predictable or is it difficult to actually prepare oneself for this? After