Lissette Cid
Aidong Hu
BUS 370
18 May 2016
The Crisis of 2008
Throughout various generations, the economic world has been phased with
countless turmoil. In his book, “The Return of Depression Economics and the Crisis of
2008″, Economist, Paul Krugman, elaborates on “depression economics” which he
pinpoints as the basis for the downfall of the economy in 2008. He explains what exactly
went wrong and proposes various solutions to prevent it from reoccurring. Asian and
Latin American countries are used to describe current financial crises. In order to get the
