Therefore, the overall coursework of the research incorporates a qualitative research approach through analyzing different scholarly based articles, peer-reviewed journals and governmental reports in order to evidently justify the impact of financial crisis in Qatar and other GCC countries. The findings of the research identifies that the financial performance of Qatar and other GCC countries were significantly affected. The real estate and construction industries belonging to most of the GCC countries were highly affected by the US financial recession 2007-2009. However, the conventional investment system along with the lower exposure to sub-prime assets has helped the GCC nations to avert financial risks from the crisis. Table of Contents Abstract 2 2 1. Introduction-Background 4 2. Literature Review 4 3. Research Objectives and Research Questions 7 4. Research Design 9 5. Data Collection and Analysis 10 5.1 Data Collection 10 5.2 Analysis 10 6. Ethical Consideration 11 7. Analysis 12 8. Conclusion 15 References 16 1. Introduction-Background The invasion of the last financial crisis 2007-2009 has been ever considered to impose considerable impact on the economic conditions of global nations. The crisis that took during the period 2007 to 2009 had considerably affected the global economy and made dramatic changes to the financial conditions throughout diverse regions of the globe. The global financial turmoil had radically impacted most numbers of the developed countries across different regions of the world. During the financial turmoil period, the countries associated within Golf Council Corporation (GCC) have also been experienced to get affected in terms of real Gross Domestic Product (GDP) growth rate along with annual consumer inflation rate (Nanto & et.al, 2008). With reference to the major consequences that experienced by the GCC nations, the research report tends to critically assess the major factors affecting the financial condition and analyze their radical implications that devastated the economic position of the GCC countries. The report also tends to conduct literature analysis through highlighting major economic theories, historical influences and assumptions relating to the invasion of the economic crisis during the period 2007 to 2009. 2. Literature Review In relation to determine the severe impact of the last financial crisis 2007-2009, numerous researches and analyses have been made concerning the identification and assessing the consequences of the influencing factors that led towards the last financial crisis 2007-2009. Various literatures depict number of issues that significantly define the root cause of financial crisis along with their potential implications that further led the GCC countries to experience radical changes in their respective economic conditions. Therefore, the literature review section would be incorporated with analyzing various scholarly based articles, reports and internet related sources along with their findings in order to evaluate the major impact of financial crisis on the GCC regions. According to the observation of Cozzi (2009), the aspects including low household saving rates along
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The Last Financial Crisis 2007-2009 Has Many Implication On Different Markets , However There Are Some Arguments That The Gulf Area Has Less Exposure To This Crisis, Do You Agree Or Not And What The Impact ( If There Is Any) On Qatar’ And Other GCC Financial Markets Abstract The research report intends to clearly identify the major influencing factors of the widely renowned financial crisis 2007-2009, which extensively affected the global economies irrespective of economically stabled nations…
There is number of factors which give birth to financial crisis. The most common trigger noticed behind the occurrence of financial crisis is the negative behavior of investors, which includes panic, anxiety and fear. The most adverse consequence of financial crisis is that they usually have ripple effect, which means that the bankruptcy of a single major financial institution will result in collapse of many other related financial institutes.
Changes in corporate governance
Besides corporate governance, management of the culture and language used for communication within the organization plays a very important role in the success of the institutions in the long run (Solomon, 2007). After the banking industry faced the effects of financial crisis, several research works were made on the influence of language and culture of the organizations.
Conclusion Brief Introduction on the Global Financial Crises (2007-2009): The Global Financial Crises of the 2007 to 2009 has been regarded as one of the most severe financial downturns in the history. Following the footsteps of the Great Depression of 1923 it was termed as The Great Recession due to the magnitude of the economic disruption caused by it.
The essay will mostly be based on the economic situation of Qatar, one of the countries in the Gulf area, as an example of how the last global financial crisis affected the countries; economy. Although the financial crisis began in the Western countries, its impact was felt across the world, with most economies feeling the impact.
The reasons that had led to the Recession have been discussed in details. The key reason for the crisis was the bursting of the housing bubble in the United States. The empirical data and analysis of the factors that had led to the crisis has been covered.
The growth in private credit stagnated while high-risk aversion by the financial institutions coupled by decline in investor confidence stifled credit growth in the economy (Casa, 2009). The real growth in the non-oil economic activities declined by about 5 percent in 2009 and the oil sector saw a significant decline in investments due to slowdown in global oil demand and significant decline in the global oil prices (Distr, 2009).
The global financial crisis rapidly resulted in the failure of world stock markets and subsequently the collapse large financial institutions. Countries with economic insecurity were largely affected since they could not effectively initiate various monetary tools.
The general perception is that these oil reserves cushion the Arab countries during the global crisis. These perceptions are obscure since the Gulf region has extremely rich and extremely poor countries. Different countries in the Gulf region have different economic, demographic, and political features.
This paper argues that due to ill-advised economic policies, businesses suffered, the housing market failed, and financial institutions were in disarray after the stock market plunged to new lows.
A number of issues were pointed out to be causes of the