The Impact of the Economic Crisis on Developing and Developed Countries
Estimation and Analysis Based on Panel Data of 275 Cities
- https://doi.org/10.2991/aebmr.k.220502.093How to use a DOI?
- developing countries; developed countries; economic crisis; government intervention
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 . 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.
- © 2022 The Authors. Published by Atlantis Press International B.V.
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Cite this article
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 - https://doi.org/10.2991/aebmr.k.220502.093 ID - Ma2022 ER -