BUSINESS RISKS BETWEEN EMERGING AND MATURE ECONOMIES

摘要

The main objective of this paper is to show how business risk influences economy, especially nowadays, in the context of the economic crisis. The paper presents how the emerging and mature economies are influenced by risk. In addition, it points out the risks emerging from the crisis. Despite scattered signs of improvement, the world economic situation and prospects continue to be challenging. An escalation of the crisis would likely be associated with severe turmoil on financial markets and a sharp rise in global risk aversion, leading to a contraction of economic activity in developed countries, which would spill over to developing countries and economies in transition. A further sharp rise in global energy prices may also stifle global growth. National and international concerted policies should be enacted on multiple fronts in order to break out of, rising unemployment, fiscal austerity and financial sector fragility in developed economies. These policies need to be better coordinated across the major economies and concerted with continued expansionary monetary policies in developed countries, and accompanied by accelerated financial sector reforms and enhanced development assistance for low-income countries.