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Governments play in ameliorating a country economic downturn

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Reference no: EM131203887

Recent news reports blame the slump of the global economy primarily on the fall of the price of petroleum and the unexpected decline of the Chinese economy. China has the second largest economy but a recent downturn is sending a ripple effect across the world (see: https://www.telegraph.co.uk/news/worldnews/asia/china/12107990/Why-China-threatens-the-world-economy-in-90-seconds.html).

In an increasingly globalized World, where countries are becoming more reliant on each other, what role, if any, should International Bodies such as the World Trade Organization or other governments play in ameliorating a country's economic downturn?

Reference no: EM131203887

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