Comparison of the Influence Between Different Economic System During Financial Crisis
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DOI: 10.23977/ICEMGD2020.006
Corresponding Author
Yichu Li
ABSTRACT
Comparing the influence of financial crisis on different economic systems is crucial for making informed economic decisions and dealing with future crisis. In this paper, we choose GDP, inflation rate and unemployment rate, which are the most important indicators in macroeconomics, to compare and analyze the differences between different economies in the decade before and after the 2008 financial crisis. Based on the data chart,we conclude that for different economic system and different social form, financial crisis does not only have negative effect. If government and investors can learn lesson from the past experience, the crisis presume chances. The financial crisis is somehow stimulating economic development.
KEYWORDS
Financial crisis, GDP, inflation rate, CPI, unemployment rate