A global slump is an economic recession that has spread across countries and continents It is a period of economic decline that is pervasive and generally results in low overall economic activity. A global slump is usually caused by a disturbance or decline in an important economic sector. For example, a decline in tourism, housing market, or even a major bank or financial institution can all contribute to a global economic downturn.
1. Examine how specific countries reacted to the global economic decline in 2008-2009.
2. Research the effects of a global slump on international trade and investment.
3. Analyze the impact of a global recession on emerging markets.
4. Explore the role of government policy in mitigating the adverse effects of a global slump.
5. Investigate the effect of a global slump on wages and income inequality.