Special Issue on Management of Economic, Political and Environmental Crises of the 20th Century and till Date (Part 1)

摘要

The world economic and political systems of the 20th Century and till date have experienced series of crises and the countries of different developmental and political set ups have tried to manage them with their own capacities besides the cooperation and agreements from the allies of business and diplomatic ties. The magnitudes of the crises become all-encompassing when there are cross border flow of goods and services as an outcome of the process of globalization. It is not that all the countries or the group of countries have successfully handled the crises. Some countries have not been even affected by the crises because of their insignificant degrees of trade openness and/or the capacity of the domestic market acting as the shock absorbers. On the other hand, some economies and political crises have been well handled by some countries by their own capacities to govern their economies well. It is, thus, necessary now to evaluate the management and control policies taken by different economies till date to combat the crises in all economic and political aspects and to analyze critically their sustainability in a long run perspective.