The Current Global Financial Crisis 2008-2012

• Main Authors: Albulena Shala, Besnik Livoreka, Vlora Berisha, Safet Merovci
• Format: Article
• Language: English
• Published: Danubius University 2013-12-01
• Series: Acta Universitatis Danubius: Oeconomica
• Subjects: market economy; bankruptcy; companies
• Online Access: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/2010/2006

The current global financial crisis is considered as one of the biggest crises after the crisis of the years of 30’s. The global financial crisis has affected all countries including developed and developing ones. It also has affected all the industries. Population with the low-income faced the greatest consequences. The last hope for the survival of the market economy was to undertake important steps for the nationalization of bankrupted banks and companies, thereby developing policies for the preservation of jobs. Through this analysis, we have included briefly some of the development followed the period of 2008 and onwards. A summary of statistics for some important economic indicators such as employment, exporting and importing is covered in this study as well.