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bought out such as Lehman Brothers Holdings Inc. has filed for bankruptcy. On November 20, 2008, the Wall Street Journal reported that president‐elect Barack Obama has promised an increase in government intervention in the auto, energy and banking industries to support them tied over the financial crisis.
 
Therefore, under the pressure of the slow economic growth and inflation, governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. The US President George W. Bush asked Congress on September 20, 2008 for the authority to spend as much as $700 billion to purchase troubled mortgage assets and contain the financial crisis.
 
There are three main reasons for choosing this topic as the dissertation title showed. Firstly, financial crisis was started from US; basically the US is a superpower. There are lots of 'global giants' over there, which means big money. If they start going down the failing, then people tend to lose confidence in the market and start to put less money in. Eventually things start ending up costing less overall - their value decreases. Many companies in US are international, so this also affects other countries. A number of nations urged the US to provide meaningful assurances and bailout packages for the US economy, as that would have a knock-on effect of reassuring foreign investors and helping ease concerns in other parts of the world. Because Chinese companies have done many businesses with American companies, it will have the big affect by the America financial crisis.
 
Secondly, this crisis has shown that in an increasingly inter-connected world means there are always knock-on effects and as a result, China has had more exposure to problems stemming from the West. In China you have seen its stock markets suffer, currency values going on a downward trend, and high fuel costs, soaring commodity prices together with fears of global recession. And there are high risk of job losses and associated problems such as social unrest. However, the financial crisis is likely to diminish the status of the United States as the world’s only superpower. On the practical level, the US is already stretched militarily, in Afghanistan and Iraq, and is now stretched financially (Global Issue, 2009). This is a very significant timing because China has often been treated as second-class citizens when it comes to international trade, finance and investment talks. This time, China is potentially trying to flex their muscle, maybe because they see an opportunity in this crisis, which at the moment mostly affects the rich West.
 
Thirdly, a global financial meltdown will affect the livelihoods of almost everyone in an increasingly inter-connected world. People have to facing the high rate of unemployed, high fuel costs and soaring commodity prices. But the problem could have been avoided, if the goverment supporting the current economics models weren’t so vocal, influential and inconsiderate of others’ viewpoints and concerns.
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2 Aims and objectives The aims and objectives of this dissertation are to:

Understand the current financial crisis
What is the main cause of the financial crisis and what is the feature of the financial crisis
Find out the effect of the financial crisis in developed countries
How it effect the developed country, such a本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。