The economy should not be sacrificed for political dividends!

Exogenous and endogenous factors of business development

Abstract

Business development is significantly influenced by both external exogenous and endogenous factors and conditions within the country. The world economic crisis has begun, and this was clearly demonstrated at the 28th World Economic Forum in Davos. Leading economists of the planet have recognized that the foundation of the world economic crisis was laid in the USA, where the fluctuations that began in the mortgage market gradually moved to the European continent. According to George Soros, the current crisis is the most serious in the last 60 years and nothing can save the American economy from recession. In his opinion, the era of credit expansion is ending, one of the pillars of which is the dollar as the world reserve currency. True, the USA made the right decision to reduce interest rates, but... too late.