Study of the formation of the global financial crisis and its impact on the global economy from a macroeconomic perspective with a focus on Southeast Asia.

Amirhossein Khodadadi¹

1) Master of Economic Development and Planning

IOI Code : XBGC-FAHGC
Publication : 11th International Conference on Modern Tricks of Management, Accounting, Economics and Banking with Business Growth Approach (icmeaconf.com)
Abstract :
    Crisis means an imbalance in the supply and demand of the whole economy. If supply exceeds demand, it will be a crisis of recession, and if demand exceeds supply, it will be an inflationary crisis. After the economic crisis of 1929-1932, which was healed by Keynes, the economies of the capitalist countries did not face a new crisis until 1970. However, the world again experienced a new phenomenon called stagflation . The 2008 crisis in the US and European financial and credit markets has caused concern among economists and thinkers around the world. Because any country that integrates more into the global economy will suffer more from this crisis. Southeast Asia, with its growing economy, has emerged as a model for the growth and development of Second World countries. But their dependence on the global economy led to economic crises in the United States and Europe. The Greater East Asian Crisis began in Thailand in 1997 and then spread to Indonesia, Malaysia, and finally South Korea. It significantly weakened the world economy. The present study seeks to identify and explain the financial crisis of industrialized countries and its impact on the economies of Southeast Asian countries based on the theory of dependency system and global system to explain the unbalanced effects of globalization in southern countries.

Keywords : globalization the global financial crisis the global economy southeast asia