WHY+IS+THE+BAILOUT+OF+THE+BANKS+A+GLOBAL+ISSUE?+ASHLEYKIM

Is the bailout a global issue?

The US Stock market crash and recession greatly influenced other countries, since the world economy itself is **very much reliant on the US economy**. The US had invested in a lot of developing countries, and when they experienced financial trouble they **started to pull out these investments** because they needed the liquidity, causing stock markets worldwide to plummet.

A great deal of countries all over the world were pulled into this **global recession** also.



The US (currently Obama) and the UK (prime minister, Gordon Brown) strongly advocated bailout (Webster), and as a result a lot of countries joined onto the bailout plan, creating a "global bailout." It is otherwise known as the **"IMF bailout"**.

The IMF (the International Monetary Fund) has 185 member nations ("What is the IMF?") and these nations give funds to the IMF so that the IMF could provide money to bailout countries that cannot afford it themselves - this campaign was spearheaded by the UK which provided around 900 billion dollars for the relief effort. (Press Trust of India)

The global bailout money accumulated to roughly:


 * $3,000,000,000,000 **

... That's a lot of money.

To see the full scale of the bailout plan type in any country in the world with "bailout" following it in the google search engine



"Switzerland bailout" "Japan bailout" "UK bailout"

Well... there are some exceptions. For instance most countries in Africa - "nigeria bailout" won't have any results - the country has to be reasonably advanced and have a functional economy in the first place for the recession and the Stock Market crash to actually affect the country.

However, all of the countries that have been affected by the recession are participating in the world wide bailout 'solution'

If you look at the various continents:

**EUROPE**

UK

Switzerland

Germany

Belgium

Austria

Belgium

Bulgaria

Finland

Poland

Spain

**NORTH AMERICA** 

Canada

USA

Bahamas

**SOUTH AMERICA** 

Brazil

Argentina

**ASIA**

Japan

South Korea

China

Russia

Singapore

Turkey

**AFRICA**

South Africa

**ANTARCTICA**

None - well... there are hardly any people there anyway.

You can see that the bailout truly is a **global** issue, which is why it is so important that we analyze whether the bailout will work - it is not only the US that will be affected by the bailout. Nearly all the developed nations in the world are participating in the bailout.

Only time can tell, ............................ but the **effects** will be ...... worldwide. You can: Go to the main page
 * What if our predictions were right and the bailout was not the right solution?**