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Critically assess explanations of the structural causes of the 2007/8 Financial Crisis and discuss how neoliberalism according to many economists including Stiglitz ‘failed’ and is still impacting countries now.

Contemporary Issues in World Economy

Coursework Assignment, 2020

Submission Required:

The coursework assignment is a 2,000-3000 word essay relating broadly to the subject matter covered in lectures, seminars and readings in Weeks 1 to 5. Please remember that this substantive submission (worth 40% of the module mark) is also formative for Section A of the examination paper.

Candidates should answer the following question:

The Global Financial Crisis:

Question: Critically assess explanations of the structural causes of the 2007/8 Financial Crisis and discuss how neoliberalism according to many economists including Stiglitz  ‘failed’ and is still impacting countries now.

Conclusion

Excellent introduction that proposes the main context and the frame of further discussion in the essay. The essay understood where the references stood in the overall academic discussion and not just taking references to support a sentence. The ending of the essay should succinctly link policies to ideological perspectives and effectively listing conclusions.

A comparison between the Great Depression of the 1930s and contemporary economic conditions in the UK – this raises three interlinked issues economic policy and the changing structure of the UK economy. It draws attention to the weakness of the post-2008 recovery, a period largely dominated from 2010 by the policy of Austerity.

https://www.theguardian.com/business/economics-blog/2017/oct/22/is-the-growth-in-living-standards-worse-now-than-the-great-depression

More on Structure:

Critically Assessing the explanations of the structural causes of the 2007/8 Financial Crisis – so you are critically assessing the explanations that’s people have put including authors, writers, viewpoints and researches. Look at the change in the financial crisis over the years. Look at the exclamation in 2007/8 and now we are in 2020 so much has changed and Back it up.

So, you could say that to a certain extend neoliberalism according to many economists including Stiglitz  ‘failed’ and is still impacting countries now however it not the case today. Look at updated research today.

Discuss how neoliberalism has failed – get viewpoints of economist say who agrees and degrees

Or you may see other finding which shows that neoliberalism according to Stiglitz has not failed and back that up and come into the conclusion that to a certain extend neoliberalism may have failed in the start but now it’s not impacting countries anymore.

So, I could say that back in the days according to many economists it had failed but then when you look at updated research it shows that many economists today argue that hasn’t failed and back it up with research and viewpoints.

And show how it is impacting countries now and give example of countries. For example, back in the days it impacted maybe Africa however it is not impacting Africa anymore.

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