What question did this study set out to answer?

The aim is to analyze the persistent nature of business cycles and their impact on the global economy, especially during crises.

January 22, 2026Open Access

The world economic crisis of modern society

Key Points

The aim is to analyze the persistent nature of business cycles and their impact on the global economy, especially during crises.
Review of historical economic data from the 1970s to 2008
Analysis of stagflation and its effects
Examination of liquidity and operating costs during financial crises
The 2008 financial crisis originated in the USA and resulted in a global economic downturn.
Increased bank loan prices raised operational costs for companies.
Underdeveloped countries experienced worsening economic positions due to global crises.

Abstract

Business cycles have not been overcome. In the 1970s, there was a simultaneous decline in economic activity and inflation, the so-called "stagflation". After the energy crises of 1982, 2000 and most recently in 2008, a recession in the world economy followed, while underdeveloped countries significantly worsened their position. The financial crisis of 2008, which originated in the USA, spread to the entire world, developing into a global crisis. Due to the financial crisis, the price of bank loans increased, which led to an increase in the operating costs of companies, while on the other hand, due to the volume of lending, the liquidity of companies decreased.

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