The role of human in shaping of the global economic and financial crises

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Date
2018
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The human is the starting point for the economy. Directly or indirectly, he/she is related to the current events in the economy. Consequently, he/she has some influence on the economic process.For example, in the global financial and economic crisis, the human factor is reflected as the decision-making person, even though the causes of the crisis depend on a lot of exogenous and endogenous factors.Consequently, there are various types of crises that economists have a lot of ideas about. However, there is no single formula for the overcoming of the crisis. Thus, the problem has deep roots and the issue is still relevant. That is why it is necessary to re-discover the causes of the crisis, consider the role of a human in its shaping and to develop recommendations. The paper deals with the nature of recent global financial crises, their causes, the outcomes and the author's opinions, based on scientific literature and various analytical articles.
Description
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Keywords
Human; Banking Crisis; Economic Crisis; Financial Crisis; Global Financial Crisis; Great Depression
Citation
III International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2018, pp. 209-212
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