Each of the four economies studied suffered somewhat from the economic downturn. The differences between the severity and length of recession in each country will inevitably be affected by the structure of that nation's economy and its relationship with the international monetary system. As such, it is important that we analyze the differences between these nations and the ways in which the current economic crisis impacts their economies. We can learn why some countries are comparatively successful at mitigating the impacts of recession, while others suffer more than they probably should given their links to the root of the problem. This insight can help the players in the international monetary system to develop a system in future that is better able to manage the downside impacts of recession.
Zakaria, F. (2009) the Canadian Solution. Newsweek. Retrieved October 23, 2009 from http://www.newsweek.com/id/183670
Flynn, D. (2008). Greece did too...
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