Great Recession 2008 Economic Crisis, emerged in recent months of 2008 and many countries of the

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Great Recession
2008 Economic Crisis, emerged in recent months of 2008 and many countries of the world are adversely affecting economic development. Especially in this crisis compared with 1929 World Economic Crisis in September 2008 has become visible. The market value of real property in the United States losing one and kept it as a result of the increase in personal bankruptcies even though it is believed that triggered the crisis.
Causes
Throughout the 2000s, especially in oil and all commodities, great rises in the prices of agricultural products were observed. Observed in highly populated countries such as China and India, economic growth has increased the demand for these products have caused prices to rise. In 2008, food prices
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government by bankrupt investment bank, was sold to JPMorgan Chase. This is another bankruptcy of Lehman Brothers and Merrill Lynch investment bank and insurance company American International Group followed. Banks like Washington Mutual and Wachovia were sold to other banks by the bankruptcy. To stop this crisis in late September, the U.S. Congress approved a $ 700 billion rescue package.
The crisis in the U.S. spread to Europe in a short time. Iceland's three largest banks went bankrupt. In 2008 Iceland Kronau lost value against the euro and 40% of Iceland's inflation rate reached 15%. Immovable property in the UK market is also a huge drop just like the U.S. has passed.

Innovation in the crisis and beyond
Today, the world's most severe economic and social challenges of society karşıya.2008-09 economic crisis reduced potential output growth, rising unemployment and rising public debt has led. To recover, countries need to find new sources of growth and sustainable.
Countries and companies to recover the economic downturn and thrive in today's highly competitive and global economy depends on the innovation is therefore important to. This development, social and global issues to tackle is a powerful engine. And employment generation in advanced and emerging economies, the key holding and subsequent implementation and diffusion of knowledge creation and increased productivity through advanced.
Whereas the current economic

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