Global Economic Slowdown: Deficit Dive and Nations @ Risk
A Global Economic Slowdown (2008–2010) has added to the complex challenges of the Global Age. Constrained credit, opportunities, growth, and development, along with shattered confidence, have become a visible face of the Global Financial Crisis. Facing an uncertain and turbulent global environment, nations are fiercely scrambling for sensible solutions that can minimize and manage the impact of the Global Financial Crisis on their respective NGIOA. This chapter discusses the global economic slowdown, its impact on NGIOA, as well as the growing need for an integrated NGIOA risk governance framework.