Global Financial Crisis
Global Financial Crisis

Summary/Abstract: The most recent developments in economy are a clear indicator of many changes, which are a result of this high rate pacing, which also demonstrates as such. Market economy processes occur as a result of intertwining of many potential technological and human factors, thereby creating a system of numerous divergences and turbulences. Economics, a social science, is characterised with movements from a system to another system, and is harmonized with elements or components which have impacted the development and application of economic policies as a result. This example can be illustrated with the passing from a commanded system (centralized) to a self-governing (decentralized) system, while the movement from a system to another is known as transition. Such transition in its own nature bears a number of problems of almost any kind (political, economic, social, etc.), and is characterised with differences from a country to another.

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