20.01.2009

Finanzkrise: Anlass, Ursachen, Strategien, inklusive Blick nach vorne

Hauptveranstaltung: WIFO-Vorträge
Personen: Karl Aiginger
Sprache: Deutsch
The financial crisis has brought about an economic recession which is more severe and widespread than any decline in production in the past 50 years, a decline which is not incomparable with the world recession of the 1930s. The causes of the crisis are not only due to problems in the financial sector but also due to in inequalities on a macro economic level and failures in coordination and in the regulatory system. Previous experience has shown that the crisis will affect the share market, production and employment for different lengths of time. Any recovery will be a gradual process and will take time. In this presentation different economic approaches to solving the crisis are systemised and how the crisis can actually be used as an opportunity is also assessed. It is cautiously suggested that some elements of the European model (the more long-term approach and the stakeholder model) could serve as an example for the rest of the world following the crisis. Indeed these could also possibly be incorporated into an active and more cooperative policy with the USA.