THE FINANCIAL CRISIS’ STRATEGIC IMPACT

Journal Title: Impact Strategic - Year 2009, Vol 32, Issue 3

Abstract

When fi nances stagger, everything does. Moreover, we are witnessing the effects’ chained tumbling, tending to multiply themselves in uncontrolled developments, becoming radical and exploding, determining economical, social and military avalanches, multiplying the challenges, defi ances, dangers and threats, therefore amplifying the vulnerabilities and signifi cantly in creasing the risk level, passing over the strategic safety level. Under these circumstances, the security policies and strategies focus on getting out of the crisis, “repairing” what has been deteriorated, all the other fi elds being actually suffocated for a long period of time. Sometimes, this sort of crisis develop to a confl ictual maximum called war, just as it happened with the crisis from 1929-1933, which has partly generated the World War II. As a matter of fact, the current crisis, transcending in volume the above mentioned one, affects the whole humankind. Even if some of the big powers, world’s states, NATO, the European Union and the other international and regional organizations will do their best in order to prevent this sort of dangerous developments, the strategic mutations are present. The crisis impact on the security policies and strategies is revealed not only by the signifi cant decrease of the expenses allotted to this fi eld, but also by imposing some new rigors. One of them is the fastest exit from the philosophy, physiognomy and effects of the World War II and the Cold War and the focus of the security and defence effort on counteracting challenges, defi ances, dangers and threats concerning the whole world, on diminishing the common vulnerabilities on handling them and a better management of the risk level. As, nowadays, risk comes closer to its maximum level, due to the intense destruction means, which, if used, would be able to completely destroy the humankind and the planet.

Authors and Affiliations

Gheorghe Văduva

Keywords

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  • EP ID EP102348
  • DOI -
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How To Cite

Gheorghe Văduva (2009). THE FINANCIAL CRISIS’ STRATEGIC IMPACT. Impact Strategic, 32(3), 11-20. https://europub.co.uk/articles/-A-102348