The Impact of the Economic Crisis on Developing and Developed Countries

Estimation and Analysis Based on Panel Data of 275 Cities

DOI

10.2991/aebmr.k.220502.093How to use a DOI?

Keywords

developing countries; developed countries; economic crisis; government intervention

Abstract

The essence of the financial crisis originated in developed countries is the instability of the economic market and the imbalance between supply and demand. The direct reason is the lack of regulatory financial innovation in developed countries, that is, excessive credit creation [1]. The spread of the crisis is actually a result of economic globalization, that is, the global economy becomes a whole, and any problem in any country in the whole will lead to the collapse of the global economy. This paper examines the impact of the economic crisis on developing and developed countries. Some famous quotes are cited as the support of the argument. The main source of data of this paper comes from articles and analysis related to economic crisis. From the perspective of phenomenon, for developed countries, through the adjustment of market mechanism and the active intervention of the government, they will eventually get through the crisis. Of course, losses are inevitable. For developing countries, not only the financial crisis, but also the political field.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Peilun Ma
PY  - 2022
DA  - 2022/05/16
TI  - The Impact of the Economic Crisis on Developing and Developed Countries
BT  - Proceedings of the 2022 International Conference on Urban Planning and Regional Economy（UPRE 2022）
PB  - Atlantis Press
SP  - 525
EP  - 528
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220502.093
DO  - 10.2991/aebmr.k.220502.093
ID  - Ma2022
ER  -