Abstract
The economic crisis of 2008-2010 often called the Great Recession is in a recession which came most of the industrialized world following the collapse of the fall of 2008, second phase of the financial crisis of 2007 -2010. The United States were the first to enter recession in December 2007, followed by several European countries during 2008 and the euro area as a whole. France enters the recession in 2009 for accounting. This global economic crisis is considered the worst since the Great Depression.
This crisis is marked by a sharp rise in oil prices and agricultural products. The exorbitant rise in asset prices and the associated demand are considered as the consequence of a period of easy credit, of regulation and inadequate supervision or increasing inequality. With the decline in equities and house prices, large U.S. and European banks have lost a lot of money. Despite massive aid granted by States to counter the threat of bankruptcy and systemic banking crisis, it resulted in a global recession which led to a slowdown in international trade, higher unemployment and lower prices Commodities.
In 2009, countries have generally opted for recovery policies. In early 2010, though most seem to emerge from recession, the IMF remains cautious. Unemployment persists, significant imbalances in current account balances remain, and risks of new financial bubbles bursting may occur.
The question is: How can we prevent the next economic crisis and avoid a domino effect'? Moreover, how its effect to my country's economic (France)?
Firstavall, we will see that the dominant view of the crisis as financial crisis is spreading to the economy. Then, the roots of the crisis: a new capitalism. A deep systemic crisis, which is not complete, even with a risk of other serious crises if we do not have what it takes. And, upcoming crises: scenarios and desirable shift.
How can we prevent the next economic crisis and avoid a domino effect'?
