Pregledni rad
https://doi.org/10.38190/ope.12.1.3
Analysis of the causes and consequences of the global economic crisis of the 20th and 21st centuries
Vjekoslav Rukavina
orcid.org/0000-0002-8273-1557
; Iskon Internet d.d.
Ivica Katavić
orcid.org/0000-0001-5899-5301
; Europska poslovna škola Zagreb
Sažetak
The world economy is, more than ever, extremely connected and transparent, and the paths of goods, services and people are available to every individual connected to the Internet. For that reason, it remains unclear why mistakes in human decisions continue to be repeated, as well as the reaction of society as a whole about the decisions of individuals. Also, state mechanisms that control the economy are still unable to respond effectively to events at a time of economic contraction. Hence the motivation for this research, which includes a study of a number of specific situations in which human decisions, directly or indirectly, have created one of the main causes of future economic decline. A review of economic cycles and economic crises over the past and this century, shows the constant emergence of human decision as the main generator of economic flows, whether positive or negative. At the same time, a constant pattern of society’s behavior in various phases of economic cycles is visible. Therefore, it is very important to educate individuals and society about the possible financial results of their short-term and long-term decisions, as well as decisions concerning the immediate or wider community. Certainly it is necessary to study society in more detail, as well as the development of the economy, in order to be able to react in the future as efficiently as possible to the positive and negative consequences of economic cycles.
Ključne riječi
economy; cycle; crisis; society; decision; management
Hrčak ID:
279731
URI
Datum izdavanja:
28.6.2022.
Posjeta: 1.514 *