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Financial Crisis in Iceland

26 de marzo de 2009   | Vistas: 221 |  

About this video

The global financial crisis has had a serious impact on many national economies including Iceland's.  Iceland is a small country whose principal economic activity is fishing. Despite being part of the European Union, it exerts relatively little influence in world politics and has no military power.  In this conference, Birgir Pétursson explains some of the economic, financial, and social conditions that allowed this country to achieve the levels of wealth attained in 2003–2004, and what happened to its economy when the financial bubble burst.  He also discusses how the actions of central banks around the world, in reacting to the crisis, affected many other countries.  According to Pétursson, the world's current economic situation was brought about by human error and a lack of foresight.  Finally, he shares his views on the future of Iceland's and the world's economies.



Credits

Financial Crisis in Iceland
Birgir Pétursson

Business School, EN-601 
Universidad Francisco Marroquín
Guatemala, March 26, 2009

New Media - UFM production.  Guatemala, March, 2009
Camera: Jorge Samayoa, Joni Vasquez; digital editing: Adrián Méndez; index and synopsis: Sergio Bustamante; content revisers: Sebastian del Buey, Daphne Ortiz, Jennifer Keller; transcript: Lucía Canjura; content reviser: Rebeca Zuñiga; publication: Mario Pivaral/Carlos Petz





Birgir T. Pétursson is an attorney and a partner at GHP Law Firm, and cofounder and former director of the…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín