Analysis of the world trade crisis

Abstract

Throughout my studies my main area of passion has been Economics specifically macro economics. This is as it is primarily focused in the practical aspects of the business world. Therefore my idea was to focus on an economic problem that was critical in the current environment. This is due to my being able to provide an additional original outlook. Therefore the topic I chose is the synchronous global trade crisis of 2008 and early 2009. This was ideal as it enables me to provide new insights into a fairly new topic. Therefore I have critically considered the various causes that have been espoused as causing this crisis. Furthermore a comparison with another great trade crisis that occurred in 1929 has been considered. Finally, the possibility of how to avert the deepening of this crisis and future aversion of a similar scenario has been considered.