2008 Global Automotive Crisis: Causes, Effects & Recovery
In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will also have a look at how this crisis had affected car manufacturers in other major markets around the world notably Europe, Canada and the prominent Asian markets such as China and India. Finally, we will look at some of the other factors which were important to this event namely the energy crisis since the cost of fuel is directly related to the car industry.
WTO negotiations and their economic costs and benefits in recent years
In recent years, the WTO Doha Round negotiations, which began in 2001, have faltered. Since negotiations broke down in 2008, WTO ministerial meetings in 2009 and 2011 have failed to even consider the substantive provisions of the Doha Declaration. Mounting concerns have led many nations to craft bilateral, multilateral, and regional agreements to supplement and perhaps replace the negotiations. This paper identifies 6 positive and negative economic costs of stalled negotiations.