CASE STUDY ON DUBAI – A CRISIS UNFOLDS SYMBIOSIS LAW SCHOOL‚ PUNE CONSTITUENT OF SYMBIOSIS INTERNATIONAL UNIVERSITY Anirudh Ahuja1‚ Hussain Patel2‚ Saumya Singh3‚ Shalini Singh4‚ Rushil Deshpande5‚ Tanya Nagi6‚ Vaibhav Handu7. ABSTRACT Boom! That’s the sound of Dubai going from prosperity to penury. In November 2009 a financial crisis surfaced in Dubai‚ the symbol of luxury‚ where Sheikh’s drove around in Ferraris‚ visited mega sized malls and dined at the 7 stared hotel‚ The Burj
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The International Financial Crisis Contagion: A Brief Analysis of The Last Financial Crisis & It’s Effect On Global Economics By Carlos April 29‚ 2013 Table of Contents Introduction Origins of The 2007-2009 Financial Turmoil The Contagion and Its Effect On Global Economy Preventing Another Crisis Epilogue Introduction Financial contagions have recently become of much interest to many economist and financial experts throughout the world‚ as a way to better understand the
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Economic Crisis: Solutions Global crisis is clearly felt nowadays‚ not only by third world countries but also by the richer and industrialized countries. Uprisings are recurring in different parts of the world by people who want change and a better life. Even in our country‚ the crisis is getting heavier each day. But then the real question is not the “what”‚ but more so‚ the “how”. How do we really resolve this problem? It is not unknown to us that the Philippines is in fact a country rich in
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Who is to blame for allowing this crisis to reach this point? How should they be held responsible? Government officials are responsible for allowing the Flint water crisis to reach this detrimental point. According to the PBS news station‚ for one and a half years‚ people were drinking water contaminated with lead‚ yet government officials claimed that everything was fine. In this scenario‚ the public have no clue that their water‚ which they drink‚ bathe in‚ wash clothes and dishes in‚ and water
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Crisis Management FIAT The Italian automobile company FIAT is synonomous with success‚ with brands such as Ferrari‚ Maseratti‚ Alfa Romeo and the FIAT brand‚ one usually thinks of class and success when the brand is mentioned. By and large the FIAT brand has been suuccesful for over one hundred years‚ the group’s activities were primarily focused on the industrial manufacturing of cars‚ industrial and agricultural machinery. With
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Brothers declared bankruptcy‚ are nowadays known as the Global Financial Crisis‚ which has come to be the worst economic turmoil since the Great Depression. As a result of its complexity‚ there is no widely agreement about what leaded to it among specialists‚ and the ‘’Credit Crunch’’ is a burning topic in economic circles. The collapse of the sub-prime mortgage market it’s considered to be the trigger for the Global Financial Crisis. When rates rose‚ people who could not afford those interests started
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2009 The financial crisis in the US: key events‚ causes and responses The current financial crisis started in the US housing market in 2007. The crisis spread across the world and severely damaged the economies of many countries‚ including the US‚ and reached a new level in September 2008 as a number of prominent US-based financial institutions‚ including AIG and Lehman Brothers‚ collapsed. This Research Paper first examines the underlying causes of the crisis in the US. In particular
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the poor countries or developing countries.(Global) The debt crisis has spread across Africa in the last decade and the reasons that gave rise to excessive African indebtedness in the 1970s and early 1980s‚ and which caused it to balloon from $140 billion when the crisis emerged in 1982 to over $270 billion in 1990‚ has been amply documented elsewhere.(Revisited) Global apartheid‚ also is one of the reasons that caused African debt crisis. Global apartheid manifests itself in many different ways. Its
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The most recent financial crisis in 2007-2009 was the worst recession since the 1930’s was quite evident as it affected the entire economy on a global scale; from large countries to small ones. The starting point and reason behind a financial crisis is varied‚ they appear in different shapes and sizes which could have originated externally or domestically and emerged from the public or private sector. Consequently with time‚ they take different forms and spread rapidly across boarders. Which is why
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the job that she would accept. The story told by Camilia Segura and Daniel Alarcón focused on the poor government system of Argentina‚ which in turn has created an identity crisis for many citizens across Argentina. Ironically ten days prior another story was aired‚ The Superhero‚ with same underlying theme of identity crisis resulting from poor government regulations. In The Superhero‚ a local man whose name was not immediately given was mugged and robbed in the safety of his own home. Upon notifying
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