FINANSIJSKE AKTIVNOSTI SVJETSKE BANKE U USLOVIMA EKONOMSKE KRIZE / FINANCIAL ACTIVITIES OF THE WORLD BANK IN THE CONDITIONS OF THE ECONOMIC CRISIS
Journal Title: Društvena i tehnička istraživanja - Year 2016, Vol 2, Issue 1
Abstract
The world is susceptible to financial crises. Because of this feature, theory and practice constantly look for solutions how to avoid and get out of it, and even how to advantage of it. Except for several countries that barely keep international economic relations, no country or region could have escaped exposure to the crisis and its consequences. The consequences of the crisis are numerous, from losses in the financial sphere and the real sector, an increase of the gap between production and consumption, a growing gap between the rich and the poor, increasing conflict and tension in relations between countries and regions, to personal bankruptcies and differerent forms of people escaping from the reality. Today's financial crisis and its causes call for a radical change in the world financial structure and policies, as well as in behavior in the world economy. The World Bank Group, especially the International Bank for Reconstruction and Development, makes a substantial impact on alleviating the crisis consequences has because it influences the position and functioning of many actors in the world economy, particularly developing countries.
Authors and Affiliations
Mirjana Radaković
Keywords
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