Worldwide Economic Crisis Overcoming

According to the theory of Kondratief cycles, crises come and go. The same was with the Great Depression in the 1930's in the United States, and will be with the Worldwide Economic Crisis (2007 -???). Before I spoke about the opportunities emerging from the crisis is worth paying attention to its causes.

One of the major causes of the crisis is the only world currency – US Dollar. Particularly China which has attracted the most dollars in treasure bonds of Federal Reserve System of United States of America.
Also inside crises in most developed countries. For example financial crisis in the United States, which has being involved big banks and investment companies. As well, it is the financial crisis affecting in the UK. The economy in Germany was more suffered from falling exports due to the worldwide recession, which caused reduction global demand.

In case of lack of understanding processes and underlying business models due to lack of education leads to poor quality of operational management. Even today, top-manager may think linearly, and working in this way they don’t want to change themselves. Some managers and CEOs relaxed and rested after a very rapid increase in the cost of their companies.

All reasons mentioned above caused falling of world monetary order, The Bretton Woods system.

As in every country in the world, the crisis manifests itself in its own way, crisis have to be fought in each country with its own unique methods.

However universal approach of crisis overcoming could be considered. The first, «resellers» and companies who offer low-quality goods have to disappear from the global market in effect to crisis.

We know that economy science is divided into microeconomics and macroeconomics from Universities’ courses. So I recommend for overcoming the crisis we have to scrutinize on two levels: micro and macro.
At the micro level, especially on the level of human consciousness (individual), it is necessary for people to convey the idea that they are not simply consumers but they are an intelligent human being which can make a consciousness choice. This means that they will never buy something that is imposed by advertising. All kinds of BTL actions, PR actions, TV advertising – these are all imposing on person’s mind. Low quality products are being sold better then high quality products due to advertising on TV and because their’s brighter package.
At the macro level, at the level of countries or unions of countries we have to prevent policies of protectionism. Markets must be opened. It is should to be established new global currency to make a competition for the U.S. dollar. This function will take the International Monetary Fund. There is SDR among other competitive currencies, which includes in a portfolio: U.S. Dollar, Pound Sterling, Euro and Japanese Yen. China has long insisted on repeal that binding the Yuan to the dollar. China wants to be included Yuan in the SDR basket.
It also should be revised estimated costs of many companies which are represented on London’s, New York’s and Tokyo’s stock exchanges. Most of them do not meet the fair value and were overestimated. We were able to see the collapse of all the indices on world’s stock exchanges. In the near future, it is necessary to revise the approach to determining a fair value.
Also, many analysts scope the crisis period as a time of changes. The crisis can only accelerate the introduction of innovations in our lives. This crisis should be a catalyst for the global implementation of initiatives to protect the environment. The problem of excessive amounts of CO₂ emission is still very high and implementation of new methods of operational management, new ecological machines and manufactures will give their investors only positive ROI.