Economies around the world are subject to cycles of recession. Consequently, they are brought back to the path of growth based on pure financial programming methodology. The leakages are detected and discovered and remedial measures are taken in concert with the external stakeholders, most prominently the International Monetary Fund (IMF).
The last three decades have witnessed many test cases, like Turkey in the 1990s and Thailand in the year 1997, when the world was hit by the first instance of the financial crisis. The reasons, as detected, were not borne out of that financial crisis. What happened was that the financial crisis only accelerated the process toward a crisis situation. The causes of the slump were purely domestic, and home-grown, and their remedy also lay in adjusting the domestic variables.
