Description
If we compare the two deepest recessions in history—the Great Depression and the recession of 2009—they both had a huge impact on the economy, but both of them were handled very differently by governments. The policies governing trade after the 2009 recession were more forward-looking with a clearer view of how trade works and what needed to be done to restart the economy.
How do you think the United States, Europe, and emerging markets such as China, India, and Russia handled the recent recession? What were some of the policies enacted to help the global trade and global economy?
In response to your peers, offer a different view on the topic or expand on their first post.
Explanation & Answer
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Attached.
Running Head: RECENT DEPRESSION
1
Recessions and Trade
Name
Course
Tutor
Date
RECENT DEPRESSION
2
Recessions and Trade
Introduction
The recent recession that was experienced in 2009 demonstrated signs of developing into
the second Great Depression. A year later, the recession started fading away and eventually, it was
averted. Different economies responded differently to the recession since they experienced it in
various ways. The choices that were made by great economies such as the US seemed to have
impacts on the global economy. In general, most countries experienced contraction in their
economies and slowed expansion capacities (Roubini, 2008). The following paper address how
different markets handled the recession and the global trade and global economies policies that
were developed.
Handling of the Recession
America expe...
Review
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