The world's economy is not fully emerge from recession after global meltdown. Post-crisis was creating many wishes and fantasies that thing will be going back to where it used to be. However, to be realistic, let's call it out here - that there will be no going home again for the average of us.
The surest thing now is that the business environment and its whole landscape has been forever altered. Many global companies(MNCs) and financial institutions not only affected badly, but some even wiped out from the market such as Lehman Brothers. Googling for and browsing at Lehman's website today creates a kind of loss and historical feeling; and it is as good to say - study about dinosaur extinction !
In the aftermath of this unprecedented crisis, regulators(Central Banks) and governments around the globe will now map out better control mechanism. Expectation on "rational behavior" that suppose to safeguard us from faulty or bad decisions economically is now no longer reliable.
In assessing this post-crisis issue, the psychology is now also going to be totally different. The new economic order is very interesting and promising, however, it is too early to yearn for "return to normalcy" after many months living in uncertainties.
The surest thing now is that the business environment and its whole landscape has been forever altered. Many global companies(MNCs) and financial institutions not only affected badly, but some even wiped out from the market such as Lehman Brothers. Googling for and browsing at Lehman's website today creates a kind of loss and historical feeling; and it is as good to say - study about dinosaur extinction !
In the aftermath of this unprecedented crisis, regulators(Central Banks) and governments around the globe will now map out better control mechanism. Expectation on "rational behavior" that suppose to safeguard us from faulty or bad decisions economically is now no longer reliable.
In assessing this post-crisis issue, the psychology is now also going to be totally different. The new economic order is very interesting and promising, however, it is too early to yearn for "return to normalcy" after many months living in uncertainties.
