Question

In: Economics

Offer your "solution " to percieved crisis that unsettled/unsettles western societies during the Age of Anxiety...

Offer your "solution " to percieved crisis that unsettled/unsettles western societies during the Age of Anxiety in Europe in the 1920s.

Solutions

Expert Solution

Age of anxiety in euripe was an aftermath of World War II which led to human isolation and all ecinomies struggled to get to economic stability and growth.

To ensure long term solutions to such problems, there was dire need of an IMF bailout kind of reform from an institution which could have been developed way before.

Financial packages and structural reforms in collaboration between the Allies by forming an alliance just like HOw BRICS and ASEAN have been could have created long term solutions.

Moreover, higher borrowings from other countries like US and China which had least impact could have created the mich needed boost to economy in terms of liquidity which could revive infrastructure growth, healthcare costs and insurance costs of family and unemployment insurance and taxcuts. Which then would have had cascading effects like higher consumption amd higher aggregate demand due to better disposal incomes.


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