Global Challenges: The Future of the Global Financial System

The future of the global financial system

In 2008, the great recession happened and the world would know the downside of a globalized world. Many people that made it through poverty for some prosperity were relentlessly taken down again, even people who had good jobs in a western country were impacted. Loosing their houses because they could not pay there mortgages, after been laid off at work. An interconnected world that gave rich people even more money, ignoring the signs of an economic collapse, and then it happened. An economic crisis the world had not seen since the great depression, impacted most of the world, resetting many years of economic growth, which would set the world back many years.

However, what about the future?

Well after the economic collapse the world had to rebuild, it took a few year for the economy to rebuild, but this did not affect the people, the workers. You see, for the workers to get jobs, the infrastructure had to reconstruct, this was the problem for many. Now finally people have gotten jobs, but the economy world wide have actually stagnated. The economy expects to develop with an even more interconnected world, especially "BRIC" countries are taking a new economic stance in the world, not just western ones. 

View Here:
https://prezi.com/ceu8_ft4e8iq/the-future-of-the-global-financial-system/
Video Link For A Yale University Discussion About The Financial System: https://www.youtube.com/watch?v=OD8lX6wkm1M
Picture Link: http://www.nationofchange.org/great-recession-1381764942