scholarly journals Economies of Turkic Republics after 2008 Global Crisis and their Commercial Relations with Turkey

2010 ◽  
Author(s):  
Müslüme Narin ◽  
Akın Marşap
Keyword(s):  
Growth Rate ◽  
Financial Markets ◽  
Great Depression ◽  
Economic Crisis ◽  
World Economy ◽  
Developing Economies ◽  
Real Economy ◽  
Global Crisis ◽  
Developed Economies ◽  
The Great Depression

In 2008, world economy has faced with the largest crisis, since the great depression in1929. The economic crisis, which started at financial markets, has turned into dramatic occasion in the second half of 2008 and got under control real economy. As a result of globalism, this crisis has affected developing economies as much as developed economies. Growth rate of Turk Republics and Turkey has decreased with the effect of the crisis. The aim of this paper is to analyze Turkic Republics economies after global crisis and their commercial relations with Turkey. By this way, first the causes of the global crisis and its effects on world economy will be focused and then, all of the economical situation of the Turkic Republics and global crisis has affected on its will be discussed. Finally, Turkic Republics commercial relations with Turkey will be inquired.

scholarly journals Deciphering the Liquidity and Credit Crunch 2007–2008

2009 ◽  
Vol 23 (1) ◽  
pp. 77-100 ◽  
Author(s):  
Markus K Brunnermeier
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Financial Markets ◽  
Great Depression ◽  
Financial Market ◽  
Mortgage Market ◽  
Credit Crunch ◽  
Real Economy ◽  
The Real ◽  
The Great Depression

The financial market turmoil in 2007 and 2008 has led to the most severe financial crisis since the Great Depression and threatens to have large repercussions on the real economy. The bursting of the housing bubble forced banks to write down several hundred billion dollars in bad loans caused by mortgage delinquencies. At the same time, the stock market capitalization of the major banks declined by more than twice as much. While the overall mortgage losses are large on an absolute scale, they are still relatively modest compared to the $8 trillion of U.S. stock market wealth lost between October 2007, when the stock market reached an all-time high, and October 2008. This paper attempts to explain the economic mechanisms that caused losses in the mortgage market to amplify into such large dislocations and turmoil in the financial markets, and describes common economic threads that explain the plethora of market declines, liquidity dry-ups, defaults, and bailouts that occurred after the crisis broke in summer 2007.

scholarly journals Rubber Agriculture Tapanuli in the Malaise Era, 1929 – 1939

2020 ◽  
Vol 3 (1) ◽  
pp. 150-158
Author(s):  
Edi Sumarno ◽  
Junita Setiana Ginting ◽  
Nina Karina ◽  
M. Azis Rizky Lubis
Keyword(s):  
Great Depression ◽  
Economic Crisis ◽  
Automotive Industry ◽  
World Economy ◽  
Purchasing Power ◽  
East Indies ◽  
Industry Sector ◽  
The Great Depression ◽  
Dutch East Indies ◽  
The Impact

Entering the early 1930s, people's purchasing power has decreased due to the sluggish world economy. This event was later called "The Great Depression" or better known as "Malaise". This decline also occurred in the automotive industry sector which uses a lot of processed rubber as a supporting component. Reduction of the amount of production in the automotive industry then results in reduced absorption of processed rubber . At the same time, the production of rubber precisely increased. As a result, the price of rubber has dropped dramatically. This condition has certainly hit rubber producers. Including smallholder rubber farmers in Tapanuli who also felt the impact of the economic crisis. This paper discusses the condition of smallholder rubber farming in Tapanuli during the malaise. The discussion starts from the situation of smallholder rubber farming before the malaise, continued with the economic depression and its impact on rubber prices, the policy of production restriction by the Dutch East Indies Government and its application, to the impact on rubber farmers in the region. From the results of this study, it can be said that smallholder rubber farmers in Tapanuli were also affected by the "malaise" but the impact was not significant because the community did not adopt a monoculture pattern.

Some Findings of the Empirical Analysis of the 2008—2009 Global Crisis Determinants

2012 ◽  
pp. 32-45
Author(s):  
M. Stolbov
Keyword(s):  
Public Finance ◽  
Empirical Research ◽  
Economic Crisis ◽  
Public Debt ◽  
World Economy ◽  
Developing Economies ◽  
Global Crisis ◽  
Global Recession ◽  
The World ◽  
The Empirical Analysis

The paper synthesizes the results of the empirical research of the 2008—2009 global economic crisis determinants. Some of them are additionally tested and specified. In particular, the so called decoupling hypothesis is suggested to be split into weak and strong forms: the developing economies appear to have been vulnerable to the global crisis, but in a lesser degree than the OECD countries. Trade determinants of the crisis haven't proved their dominant significance over financial channel factors. Public debt relative to GDP is a new variable on the crisis determinants list, as it limited the scale of stabilizing policies during the crisis due to growing risks of violating public finance resilience. The paper also shows that the probability of a new crisis comparable to the 2008—2009 global recession has not reduced and poses a serious challenge to the world economy now.

The Economic Crisis

2013 ◽  
pp. 39-49
Author(s):  
Daniel Belingher ◽  
Cantemir Adrian Calin
Keyword(s):  
United States ◽  
Financial Markets ◽  
Economic System ◽  
Systems Theory ◽  
Economic Crisis ◽  
The United States ◽  
Entire System ◽  
Real Economy ◽  
Crisis Period ◽  
Real Gdp

The current chapter shows the gap between the real economy and the financial markets in the United States during the pre-crisis period at the end of 2007, as well as during the subsequent crisis period. The current research chapter also emphasizes the catastrophic effect that financial markets had inside the whole economic system due to this gap. The premise from which this chapter starts can be found in the systems theory and consists in Heinz von Foerster’s theorem. This research has an empirical nature and shows in which way an anomaly within the system can destabilize the entire system, finally resulting in the installation of the crisis period that we are still facing. In order to illustrate this, the authors refer to the evolution of the values of DJIA and real GDP, observed between mid 1940s until 2010 in the United States.

Elusive equalities and the Great Recession: restoration, retrenchment and redistribution

2014 ◽  
Vol 10 (4) ◽  
pp. 427-441
Author(s):  
Janine Brodie
Keyword(s):  
Great Depression ◽  
Economic Crisis ◽  
Great Recession ◽  
First Century ◽  
The Great Recession ◽  
The Great Depression ◽  
Early Twenty ◽  
Twenty First Century ◽  
Crisis Responses

AbstractThe 2008 global financial meltdown, commonly called the ‘Great Recession’, was the most serious crisis in capitalism since the Great Depression of the 1930s, and a fundamental repudiation of neoliberal governing assumptions. This paper focuses on the contexts that informed two governmental responses to this economic crisis — restoration and retrenchment through public austerity. It explains that these responses were contingent, experimental, inequitable and, in the end, unsuccessful. Restoration and retrenchment, however, were entirely consistent with previous neoliberal crisis-responses and the abiding ambitions of this governing project. As the economic crisis crawled into the second half of a decade, the idea of inequality was increasingly identified as an underlying cause of crisis and its amelioration as a necessary part of rebuilding economies and communities in a post-crisis era. The paper tracks the case for the revival of equality politics and policies in the early twenty-first century.

Consumer Co-operation and Economic Crisis: The 1936 Roosevelt Inquiry on Co-operative Enterprise and the Emergence of the Nordic ‘Middle Way’

2013 ◽  
Vol 22 (2) ◽  
pp. 181-198 ◽  
Author(s):  
MARY HILSON
Keyword(s):  
Great Depression ◽  
Economic Crisis ◽  
Nordic Countries ◽  
The Other ◽  
The Great Depression ◽  
Middle Way ◽  
Model Region

AbstractIn the wake of the Great Depression, Sweden and the other Nordic countries were widely perceived as a model region, a successful example of the ‘middle way’ between socialism and capitalism. Central to this idea were the Nordic co-operative movements, which became the focus of President Roosevelt's Inquiry on Co-operative Enterprise in Europe, conducted in 1936–7. Drawing mainly on the records of the Inquiry, the article explores the construction of the ‘middle way’ idea and examines the role of the Nordic co-operators in shaping international perceptions of the region, while also shedding new light on differences within the international co-operative movement during the same period.

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