## Abstract This special issue concentrates on the global economic downturn that reached its lowest point in late 2008. Signals of an impending crisis started in 2007 with a wave of insolvent subprime mortgages in the United States, but the seeds were planted years earlier. In its scope, length, an
The global recession issue: Introduction—Part II
✍ Scribed by Amir Shoham
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 183 KB
- Volume
- 53
- Category
- Article
- ISSN
- 1096-4762
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
The global economic crisis clearly highlighted that a multinational enterprise (MNE) must understand the national environment no less than its core business. Articles in this part deal with the impact of the crisis on five national economies: two small (Iceland and Israel), two developing (China and India), and one extremely poor (Bangladesh).
This introduction also contains empirical research on the most important variable in the global crisis, the saving rate. Differences in savings between countries are not adequately explained in the current economic literature. As we show, culture variables from the Global Leadership and Organizational Behavior Effectiveness (GLOBE) study help explain the difference between saving rates in various countries. © 2011 Wiley Periodicals, Inc.
📜 SIMILAR VOLUMES
This special issue of The Career Development Quarterly presents the outcomes from an international symposium, titled International Perspectives on Career Development, jointly sponsored by the International Association for Educational and Vocational Guidance and the National Career Development Associ