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Chandrakanth M

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Is crisis good in its own way ??

Great depression, Asian crisis, Lehman’s failure and the latest euro zone debt issues; though have had major Impacts on the growth on certain economics of some countries, lessons learnt from these crises have helped many emerging economies.
It’s only in crisis, when countries will realize their real growth against the inflated growth and the necessary actions or reforms which are needed.
It’s only in crisis, when countries will have a chance to know the importance of their neighborhood countries which can mobilize foreign investments and increase cross border transactions to help the economy of the affected country.
It's only in crisis , when countries will understad the importance of the financial architecture and the after affects of complex financial products

My question : Is crisis good in its own way ??

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    Feb 6 2012: I think Humanity has the resources to reduce crisis. I do not think crisis is good at all. The emotional scaring that occurs during crisis takes generations to fade away.

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