GLOBAL FINANCIAL CRISIS: MEDIA PERSPECTIVES
Journal Title: International Journal of Physical and Social Sciences (IJPSS) - Year 2011, Vol 1, Issue 3
Abstract
The United States of America, which is considered as the super cop of the world could not withstand the impact of global financial crisis as its economy crashed and crumbled. The global financial crisis showed its devastating role not only on the developed countries but also on the developing as well as the third world countries. It is the worst financial crisis the world has ever experienced since the Great Depression of 1930. The reason for this recent crisis can be summarized in just one word, -“greed”. Greed is the factor behind all the misbehavior that eventually led to the crisis. Greed made people to forget common sense and prudence in all aspects of financial management. In a normal situation, sub prime mortgage should not be done at all. The banker needs to have enough collateral while lending a mortgage to protect themselves from any possible financial risks if the payment of the house owner defaulted. As people wanted to make more money, because the normal mortgage market did not have enough room for growth anymore, people intruded to the much riskier world of sub prime mortgage. The reasons for the financial crisis are at large, but the way it was projected by the media played a crucial role in disseminating the information regarding the global financial crisis to the layman around the globe, especially in India. The present paper studies on how the media played a role in creating awareness on the global financial crisis in India.
Authors and Affiliations
Dr. CHANDRA SHEKHAR GHANTA
Keywords
Related Articles
- EP ID EP41518
- DOI -
- Views 367
- Downloads 0
A Study On Emotions In Communication And Culture
The title of the research paper, is presented as a theoretical paper for the study. The research paper will outline and discuss a method of emotions in communication that mingled with cultural perception. The aim of th...
A study on purchasing attitude towards Ready-to-eat/cook products by health conscious consumers in Southern India with respect to Tier-I cities
The purpose of this study is to explore and study the purchasing attitude towards Ready-toeat/cook products by health conscious consumers in Southern India. To find out what are all the major factors influences consumer...
Analysis of controlling variables of coping strategies by Correlation Matrix: A study on slums of Midnapore Municipality, WestBengal
Coping strategy is the approaches that people use in order to deal with stresses, pain and natural changes that experiences every day in their life. It is conscious or instinctively choice of adaptation to phenomenon s...
mpacts of Globalization on Social Inclusion: A Comparative Analysis to Gandhian Economic Philosophy
The advent of 21st century has experienced a benign and thrilling realization concerned to the bourgeoning economy in India, amid chaos in global financial market ignited by global financial meltdown and recent Euro-Zo...
ROLE OF SME’S IN INTERNATIONALISATION OF ANDHRA PRADESH HANDLOOM INDUSTRY
Globally, India is the second largest producer of cotton, cellulosic fibre and silk. India is highly renowned for its handloom products. Every state in India asserts its ethnicity and heritage through their handlooms....