Globalization has magnified the financial crisis

1. Globalization has made the economies of various countries more dependent on other countries, more complementary, and prone to a situation of both prosperity and loss, in the past decade, the foreign direct investment absorbed by developing countries has grown steadily, and the economic growth rate is nearly twice that of developed countries. China has relied on exports to promote GDP growth for many years, from the perspective of the exogenous economic theory of Western economics, without external impetus is China can not maintain a growth rate of about 10% for many years, when the United States has problems, the United States consumer demand will be reduced at home, and Americans will turn their consumption more to business investment and more conservative financial strategies. This will cause exports to shrink, the core of Western economics is demand and consumption, the United States savings rate climbed from 08 to 6% when consumption, consumption was greatly compressed, and the shrinking of its spending power led to a slowdown in the recovery of the economies of various countries.

2. The currency reserves of various countries tend to be globalized, China has accumulated a large number of international currencies in the process of foreign affairs - the US dollar, when the US economy has problems, the stability of the US dollar has become the most concerned issue, the decline of the US dollar's credit will lead to the adjustment of the international monetary system, and the credit system will not be able to continue to be carried out in an orderly manner.

3. Globalization has increased the dependence of countries on foreign capital, and in the financial crisis, the investment intensity of foreign capital will decrease, and the entry of a large amount of foreign capital will easily cause debt burden, which may lead to an international debt crisis. For example, in 1995, Mexico experienced a major international debt crisis. Mexico's economy is closely linked to that of the United States, and since February 1994, the United States has raised interest rates six times in a row, causing tens of billions of dollars to flow from Mexico and other countries to the United States, greatly undermining Mexico's financial and economic stability.

4. The risk effect of financial derivatives is amplified through globalization. The entry of transnational capital has increased the speculative and risky nature of the financial market, and it is easy for short-term speculative capital to hit the domestic markets of weaker developing countries. A large part of the financial crisis is due to the risk of financial derivatives, which caused the blind boom in financial markets.

The U.S. economy has been running in huge deficits for many years, China, the United States, Hong Kong, the United Kingdom, etc., this is a global linkage effect, and the linkage effect is in the CDS, that is, the financial derivatives market, which will bring about a crisis in the coming year, and its impact on the global financial market is about three times that of last year's subprime mortgage crisis.

Because it was mainly caused by the subprime mortgage crisis in the United States.

This led to a decline in demand for U.S. imports.

It has also led to a serious decline in the exports of export-oriented countries around the world.

Product backlog, ****, enterprise loss.

Impact on the country's economic structure.

The depreciation of the US dollar has led to a sharp contraction of the country's foreign exchange reserves.

The domestic currency is under upward pressure, and the sale of foreign currency by banks, which in turn leads to a decline in foreign exchange reserves.

As a result, countries with fixed exchange rate systems are forced to adjust their exchange rate structure.

Once adjusted to a floating interest rate, the state will lose control over the market.

Financial crises were accompanied by financial liberalization with increasing frequency, and this "pathology" led to the outbreak of the Latin American debt crisis in the early 80s of the last century. After entering the 90s, the rise of financial derivatives led to an increase in the vulnerability of the financial system and an increase in the number of crises. Since the beginning of the 21st century, the combination of factors such as the expansion of economic bubbles, national policy mistakes, and the intensification of market expectations and market panic has greatly induced the outbreak of financial crises.

Countries at different levels of economic development have different characteristics, and the reasons for the outbreak of financial crises in these countries are also diverse. From the perspective of developed countries such as the United States, Japan, and Europe, the logical chain of the outbreak of their financial crisis is roughly as follows: falling interest rates, loose liquidity, credit expansion (asset bubble expansion), interest rates, asset bubble bursting, and financial crisis erupting.

From the perspective of emerging market countries such as Mexico, Russia, Argentina, and Asia, the logical chain of the outbreak of the crisis in these countries is roughly as follows: radical financial liberalization, excessive capital inflow (unreasonable debt structure), asset bubble inflation, changes in the external economic environment and market expectations, large capital outflow, asset bubble bursting, financial crisis eruption.

1) From the meaning of the title: set the basic guarantee salary is x, and the reward amount for selling each product is y.

1900=x+220*y 2000=x+240*y, and the system of equations x=800 y=5 is solved

2) From the meaning of the title: set C month sales z pieces.

2000=800+5*z

The solution is z=240

Answer] :d International Monetary Organization divides the Jin Xian Sui Rong crisis into four categories: currency crisis; banking crisis; external debt crisis; Systemic Jinbo faction Song Rong crisis.

With the development of economic globalization and financial innovation, financial crises are increasingly manifested as systemic financial crises.