International Finance and Accounting


The article examines the problems observed in the world economy in recent years, based on the analysis of the causes and symptoms of economic crises. The results of the economic policies pursued by the countries were substantiated. In particular, the results of applied economic policies of the United States and European countries, as well as China, were analyzed. The impact of the coronavirus pandemic crisis on the economy has been shown through evidence. The current state of the economy in the countries and the global economy’s forecast indicators have been listed. Some aspects of economic activity in the context of the crisis were discussed. At the end of the article the conclusions of the study are given.


1. Jabbarov K.Y. (2017). Iqtisodiy inqiroz kategoriya sifatida // “Iqtisodiyot va innovatsion texnologiyalar” ilmiy elektron jurnali. № 6. 1-10 b. 2. Keynes J.M. (1936). The theory of employment, interest and money. New York: Harcourt. – P. 403. 3. Chou Yuan K. (2007). Modeling Financial Innovation and Economic Growth: Why the Financial Sector Matters to the Real Economy // Journal of Economic Education. Vol.38. № 1. – P. 78-91. 4. Soros G. (2008). The New Paradigm for Financial Markets. The Credit Crisis of 2008 and What It Means. New York: Public Affairs. – P. 238. 5. Dumitru M., Papari A. and Seceleanu A. (2019). The Effects of the Last Global Economic Crisis on Suicide Rate in Europe // International Review of Management and Business Research. Vol 8, Issue. 4. – P. 370-380. 6. Tekin H. (2020) How optimal cash changed by the global financial crisis? A multi-country analysis // Economics and Business Letters, 9(2). – P. 114-123. 7. Drago D., Gallo R. (2020). The impact of financial crises on the syndicated loan spreads appliedto public and private firms // Journal of Financial Stability, 46, 100718. – P. 1-12. 8. Zhu X., Asimakopoulos S., Kim J. (2020). Financial development and innovation-led growth: Is too much finance better? // Journal of International Money and Finance. 100, 102083. – R. 1-24. 9. Dungey M., Islam R., Volkov V. (2020). Crisis transmission: Visualizing vulnerability // Pacific-Basin Finance Journal. 59, 101255. – P. 1-22. 10. Buzgalin A., Kolganov A. (2009). The world economic crisis and post-crisis development scenarios: a marxist analysis // Economic issues, № 1. – P. 119-132. (in Russian) 11. Kudrin A. (2009). The global financial crisis and its impact to Russia // Economic issues, № 1. – S. 9-27. (in Russian) 12. Gaydar Y.T. (2009). The financial crisis in Russia and in the world / Ed. Y.T.Gaydar. – M.: Prospekt. – P. 256. (in Russian) 13. Akayev A.A. (2009). The current financial and economic crisis in the theory of innovative technological development of the economy and the management of the innovation process. System Monitoring: Global and Regional Development / edit. D.A.Xalturina, A.V. Korotayev. – M.: URSS. – P. 141-162. (in Russian) 14. Shavshukov V., Zhuravleva N. (2020). Global Economy: New Risks and Leadership Problems // International Journal of Financial Studies, 8, 7. – P .1-17. 15. Soliyev R. (2012). Iqtisodiy inqirozga qarshi kurash: dunyo mamlakatlari tajribasi // Bozor, pul va kredit. № 11 (186). – B. 34. 16. Stalo yasno, kogda razrazitsya novыy mirovoy finansovыy krizis – RIA Novosti, 10.10.2019. https://ria.ru/20191010/1559590625.html. 17. www.xinhuanet.com/cn/16.04.2009 y. 18. Eksklyuziv: Uzbekistanu mojet bыt polezen opыt Kitaya po sokraщeniyu bednosti -- ekspert iz Uzbekistana. http://russian.news.cn/2020-03/11/c_138866814.htm. 19. www.review.uz (18.05.2016). 20. digital.rdmag.com/researchanddevelopment/2018_global_r_d_funding_forecast? pg=5#pg5. 21. The world Bank. Gross capital formation. https://data.worldbank.org/indicator/NE.GDI.TOTL.CD?end=2018&name_desc=true&start=2006. (09.04.2020) 22. Trade and Development Report 2016. Structural Transformation for Inclusive and Sustained Growth. New York – Geneva, UNCTAD, 2016. 215 r. Available at: http://unctad.org/en/PublicationsLibrary/tdr2016_en.pdf (accessed 10.06.2018), R.38. 23. Varnavskiy V.G. (2019). Globalizatsiya i strukturnыe sdvigi v mirovom proizvodstve // Mirovaya ekonomika i mejdunarodnыe otnosheniya, tom 63, № 1, s. 25-33. 24. https://www.rbc.ru/economics/03/04/2020/5e8787ba9a794735cc3eb76e. 25. https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020. 26. https://www.theguardian.com/world/2020/apr/01/coronavirus-at-glance. 27. https://www.nytimes.com/reuters/2020/03/31/business/31reuters-global-markets-q1-graphic.html. 28. https://www.bloomberg.com/news/articles/2020-05-14/u-s-jobless-claims-remain-in-millions-for-eighth-straight-week. 29. https://www.telegraph.co.uk/global-health/science-and-disease/coronavirus-news-test-trace-uk-nhs-social-distancing-cases-deaths/. 30. https://www.theguardian.com/travel/2020/may/07/world-tourism-faces-worst-crisis-since-records-began-says-unwto-report. 31. https://www.aa.com.tr/en/info/infographic/18560. 32. https://www.iea.org/reports/world-energy-investment-2020. 33. https://www.bloomberg.com/news/articles/2020-07-14/singapore-slumps-into-recession-with-41-2-fall-in-quarterly-gdp. 34. https://www.theguardian.com/world/live/2020/jun/10/coronavirus-live-news-who-urges-pakistan-to-reimpose-lockdown-as-brazil-restores-covid-19-data. 35. https://www.reuters.com/article/us-health-coronavirus-eu/eu-announces-work-scheme-aid-for-farmers-fishermen-amid-coronavirus-pandemic-idUSKBN21K1AB. 36. https://expert.ru/2020/03/5/kitaj/. 37. https://www.forbes.ru/newsroom/finansy-i-investicii/395101-frs-ssha-snizila-stavku-pochti-do-nulya. 38. https://prioridata.com/?landing=true. 39. https://prioridata.com/?landing=true. 40. https://www.visualcapitalist.com/covid-19-economic-impact.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.