Economic Crisis Management and its Impact on International Relations

Although the global crisis was caused by a combination of asset price bubbles, mainly in the real estate sector and a credit bubble that led to excessive leverage. The multi- faceted nature of the way in which the crisis is affecting the globe puts into evidence its complexity. This is well-known. What is less well-known is that on both accounts the international relations were less affected by both ¿bubble¿ symptoms as much as the US. This fact can be illustrated by looking at indicators of other factors including the reality of international economy and the general frame work of the economies of each country. However, the effects and the degree of its impact are being diverse depending on each country and sector. It is hypothesized that: A- The US-originated financial crisis has spread throughout the world. B- Some countries including Iraq are barely integrated into the global financial system. The study falls in three parts containing six chapters.