The Global Economic Crisis And Rising NTMs - Is South-south Trade A Viable Solution
The year 2008 will be remembered in history due to the global financial crisis, which started in the third quarter, when on the 15th of September the United States investment bank Lehman Brothers collapsed. This led to extraordinary financial turmoil. The unprecedented global economic crisis, which has had effects worldwide, has its origin in the advanced industrial economics in the West. Despite having no responsibility for this crisis, it is the developing countries which have faced the brunt of it, due to the crisis's global impact proving the high inter-dependence of countries all around the world.