Description: The global debt crisis - Is the world on the brink of collapse? | DW Documentary, The world of finance has a dark side, but that's only half the story, World leaders meet in Paris for global finance summit | DW News
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When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930s. For the first time since World War II, the global economy faced the very real threat of a complete collapse. Disturbingly, the sudden crisis came as a complete surprise. In the late 1990s, the world economy seemed to be on a steady path of growth. This trajectory was driven primarily by the emerging economies of Southeast Asia, the global region with the strongest economic growth. Then, within a very short time, mil
This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The 2008 Global Financial crisis was kicked off by major structural issues in the global banking system and exacerbated by record levels of household debt. Today the world is on the brink of yet another major financial downturn, and yet again household debts are at record levels. So is banking really to blame? ⭐️ Be s
You could say that the field of finance has an image problem, with both fictional and real-life figures projecting greed and other less-than-likeable attributes. That’s why Mihir Desai has written a book, "The Wisdom of Finance," to balance the picture and appeal to those in the field to get back to the core ideas. Economics correspondent Paul Solman reports.