How to overcome the current crisis
The current crisis has no comparable precedents, so there is no experience that can help us solve it.
The global crisis
The current crisis has no comparable precedents, so there is no experience that can help us solve it. Past crises had very short duration and were usually resolved with simple adjustments of the cost of money along with incentives to help revive the hardest hit production sectors and bring back prosperity. In the beginning newspapers all over the world talked about the global crisis as something that was inevitable after many years of continuous growth. Reputable experts tried to play down the problem by explaining that just like every storm is followed by sunshine, after each crisis comes a period of revival.
The Western crisis
The map below, provided by the International Monetary Fund website, shows the world painted in different shades of green and orange: green indicates countries hit by the crisis, dark green indicates negative growth below 0%; orange represents countries with a growing economy, dark orange means growth of over 10%.