The global financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. Many people find that those responsible for the financial problems & debts crisis are the ones who have been being bailed out, while on the other hand, a global financial reduce will affect the livelihoods of almost everyone in sharp increasingly connected world. It seemed that problem could have been avoided, if ideologues sustaining the current economics models weren’t so verbal, significant and careless of others’ viewpoints and concerns. This research paper is concerned with developing the main issues that lied beneath the occurrence of the problem, the challenges facing the globe & most important of all, a suggestion to some possible solutions to overcome the Global Financial Crisis.
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