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Submitted by Bisi Osungbesan on

Financial crisis has rocked the world economy in the last few months.It is observed that free market has be distorted, fell off equilibrium. On monday(13/10/2008)the global financial market have experienced recovery. The recovery cannot be possible without government intervention. From Great depression's experience, J.M. Keynes knew better that government intervention is required for recovery from depression or recession.

Government need to re-strategise the policy and regulatory framework. Regular review of the policy in line with economic enviroment is necessary. 100% free market(no government intervention) may be injurious while 100% government intervention is deadly, but mixture of both in the right proportion is better for the global market.