| Project Title: | How to Reduce the Impact of Global Financial Crises in the Future in Europe? Derived from Economic Depressions in the Past |
| Author: | Mr. Marvin Teschner |
| Advisor: | Dr. Tanakorn Limsarun |
| Degree: | Master of Business Administration (International Program) |
| Major: | International of Business Management |
| Faculty: | Graduate Schools |
| Academic year: | 2023 |
| Url:
Published: |
Proceedings The 15th National and International Academic Conference “Creating Shared-Value and Innovation for Sustainability” 18-20 January 2023, pp.1-11 |
Citation
Teschner M. (2023). How to reduce the impact of global financial crises in the future in Europe? Derived from economic depressions in the past (Master’s independent study). Siam University.
Abstract
This research paper aims to examine the financial crisis in Europe and its impact on the region. The paper will begin by summarizing the central aspects of the crisis and then proceed to investigate the causes and impacts of the financial crisis. Additionally, the paper will explore possible strategies for avoiding an economic recession in Europe. The current crisis in Europe is a complex issue that has been exacerbated by a number of factors, including the slow recovery from the COVID-19 outbreak, the ongoing drought that has affected much of the continent, the recent energy shortage, rising inflation, supply disruptions, and the significant concern over Europe’s economic future brought on by Russia’s conflict in Ukraine. These events have collectively had a negative impact on global economies. To investigate the seriousness of the situation, the paper will employ an empirical research approach, which will provide a detailed analysis of the financial crisis in Europe. This research will demonstrate the complexity of the current situation in Europe, and will ultimately lead to the conclusion that it is better to prevent a crisis than to respond to one after it has occurred. By taking preventative measures, it may be possible to mitigate the negative effects of the crisis. However, according to projections for the entire global economy, a recession is all but certain to occur. Therefore, politicians must take the necessary steps to lessen the impact of the crisis. If politicians fail to take action or place more emphasis on the immediate costs of action than the long-term benefits, it could result in a financial crisis in Europe. In conclusion, this research paper explores the causes and impacts of the financial crisis in Europe and examines possible strategies for avoiding an economic recession in the region.
Keyword: Financial crisis, Recession, European Economy.
How to Reduce the Impact of Global Financial Crises in the Future in Europe? Derived from Economic Depressions in the Past
Master of Business Administration (International Program), Siam University, Bangkok, Thailand