Global Financial Crisis 2008: a qualitative study of chief causes, thrust areas needing more control & regulation on factors influencing world Economy

Introduction: The world economic system is like a human body. A human body functions entirely normal as long as its all constituent organs and nerve system act in a perfect harmony and in tune with each other, but the moment failure being realized at any organ or nerve system in any part of the body, the human body immediately stops functioning normal. The cumulative effect of such strained functioning of human body is usually being observed proportionate to the quantum of damage occurred in that organ, as well as, in the other organ or system, and then to cure it invites the Doctor’s attention. Similar is the case with the world economy. In the event of considerable imbalances or failure in the economy are observed, state regulator responds resorting corrective steps based on their expert committee of economic advisors’ opinion, to bring economic activities back in to the normal track. In this comparative view, the fundamental difference is that; in the event of failure of one organ of the human body it affects only one individual, while the similar failure of any organ (i.e. arm) of world economic system it affects economically the world population of over 6.5 billions directly or indirectly around the globe.

This analogy puts enough reasons for the great need of identifying and investigating major actors of world economy and exploring the chief causes that strains the most significant world economic system. This paper presents an effort to reach to the root causes so that the possible effective measures can be made available as one of the guidelines to follow, in conjunction with the guidelines already presented by many other eminent researchers who have significantly contributed in the said area of study. The extractions of relevant information from among these guidelines may be of a great help to implement depending on the nature of crisis the current economy faces. The strategic use of underlying tools and techniques suggested in the guidelines could be the readymade solution to combat with recessionary trend of economy for the state regulators of different constituent countries forming the world economic system.

Research Proposal samples in Finance field

Of late I was engaged in preparing some titles for my research proposal. On the basis of my intitution I have created some titles which are as under.

1. “Tax avoidance by Indian Corporations : Its Impact on Indian Economy”

2. “Relevance of Financial Reporting by Indian Corporations in context of Globalization of Businesses: Review of some Cases based on empirical evidences and reported published data”

3. “A Study on sufficiency, efficiency and relevance of present accounting practices being followed by Indian Corporations in context of Globalization of businesses”

4. “ Audit Quality and Financial Reporting by Indian Corporations in context of Globalization of Businesses”