Economic crisis Essay Example | Topics and Well Written Essays - 750 words

Economic crisis - Essay Example It is an urgent need of the hour to put a stop to the ‘carcinogenic’ growth of the negative impacts before it gets into the lowest multitude possible and starts affecting the day to day welfare of the common man. The urgency of the action is averred by the fact that some of the national economies literally lost the nation in the present scenario of economic crisis. An empowerment of the public sector entities should happen by the deliberate efforts of the national governments. The public sector always had been the backbone of the economy. Recent developments including the growth of the private sector investments hugely made the governments all around the globe depend largely on these investments urging for quick development. Not only the government but also the people were influenced by this trend as they also relied more on similar abrupt developmental agendas. The governments all across the world may take lessons from the sustainability of the national economies which were not affected by the crisis which still have Public financial Institutions on the rule. People must start depending on these public systems which for sure would work for their welfare. The governments in turn should try the strengthening of the public sector in terms of infrastructure and investment. These setups should be continuously backed by the governing systems throug h their policies considering the sustainability they would offer to the national economy. Efforts must be made so that the people start investing in these public systems. Campaigns through the media would help to a major extend to create this kind of awareness in the public. While considering the international investments, governments should try international linkages with similar sort of set up across the border which would help to make a substantial impact on the economy of that country while securing the economic stability of itself. However an over