Oditor, Vol. IV, No. 01/2018

GLOBAL ECONOMIC CRISIS AS A CONSEQUENCE OF CAPITALISM
Nenad Joldić[1], Srđan Vasiljević[2], Snežana Krstić[3]

Date received: 22.01.2018.
Date accepted: 15.03.2018.

UDK: 330.342.14:338.124.4

Abstract

Due to the lack of global equilibrium and market regulation as one of the main causes of the global economic crisis, in the past half century world markets have been shaking up various crises and instability in the markets. So, for example, At the beginning of the 1990s, Japan’s rapidly rising prices of real estate and shares were on the Japanese market. At the same time, the countries of Northern Europe (Sweden, Norway, Finland) are also experiencing a rise in the prices of shares and real estate, which in the end leads to the spread of a financial bubble in all markets. There is one logical question that relates to the connection of global economic crises. In most cases this connection refers to inflating the financial balloon to the limits of its endurance. When an overestimation of the durability of this financial bubble comes to its foreboding. The panic of a financial bubble brings the economy to a state of crisis and a recession that gives its instruments to these crises and recessions a global character.

Keywords: globalization, the economic crisis, capitalism.

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[1] M.A. Nenad Joldić, University of Business Studies, Ulica Jovana Dučića br. 23a, Banja Luka, Republika Srpska.
[2] Srđan Vasiljević, University of Defense, Military Academy, Master Studies of Public Finance, Pavla Jurišić Sturma Street no. 33, Belgrade, Serbia.
[3] Associate Professor, Dr Snežana Krstć, University of Defense, Military Academy, Pavla Jurišić Street Šturma no. 33, Belgrade, Serbia.