Call us 24/7: + 1(925)399 0085

Get your paper done by an expert

No matter what kind of academic paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcer. Save more time for yourself.

WhatsApp + 1(925)399 0085
$ 10
free
  • bibliography
  • title page
  • revisions
per page
19 k happy customers
4.7 out of 5 satisfaction rate
27 writers active

| International Financial Crisis and Solutions Essay

The present financial crisis is a phenomenon that has hit U.S and the global economy. The global financial crisis has its origins in U.S home mortgage market. The crisis spreads like plague across the globe. Many economies are already at stake and in need of bailouts. This paper will discuss the causes of the international financial crisis, its global impact and prospects for finding better solutions to the menace. The three areas will be the prime focus of this study.

The present financial crisis began in the U.S. around September, 2008. It manifested in various forms but mostly through inadequate liquidity resulting from credit crunch in the U.S financial markets. Results of most studies indicate that the crisis began with the decline of rates of profit in the entire U.S economy. It melted by almost 50 percent, going down from 22 percent to about 12 percent. The crunch of the credit market caused subsequent challenges. These include higher rates of unemployment, inflation, and relative decline in wages paid in the labor industry. This reduced investment rates and reduced economic growth in most economies. The World Bank reports that the current crisis has the potential of pushing 90 million people into extreme poverty levels by 2010 should there be no solutions. This adds to 1.4 billion populations living below the international poverty line by 2005.

There are various solutions aiming at addressing the present financial crisis. These include the need to use the bailout estimated at $700 billion to refinance the mortgages that are already in trouble. Further, the financial markets need calculated and strategic regulation. The budget deficit can be reduced by reducing extravagant U.S military budgetary provisions. Trade deficits can also be addressed by domesticating the offshored production of goods for the local markets. This could reduce trade deficit by a great margin. Sound lending activities, issuance of credit cards regulated by prudent standards are also necessary.

In conclusion, the current global financial crisis has its origins in the U.S although its effects have spread across the globe. Addressing this global problem must thus begin from U.S especially with emphasis on prudent policies on its financial and trade sector policies.

Our guarantees

Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Our Homework Writing Disciplines

With a highly diverse team in almost all academic fields including: