Global Economy

Global Economy

The current global financial crisis is the result of the imbalances in the world economy that have been accumulating over the last two decades. Hence, the recession was much worse than it was in the previous years. There have been considerable changes in the sectoral arrangements in the UK economy. The economy has moved from manufacturing to services. This shift has been capitalized the most by the financial sector (Jones 2009, p. 19). The main objective of this research is to find out the effects of the recession on the British economy.

The most vulnerable people in the economy may ...