GLOBAL CRISIS AND NATIONAL ECONOMIES: MORE HASTE, LESS SPEED?

Abstract

The article is devoted to the estimation of the current situation in the national
economies which suffer from the global financial crisis as well as to causes of such
their problems. Developing as well as transition economies, especially those which
opened their financial markets sharply, suffer from global financial countries much
more then others. Global financial crisis entails both great problems and unique op-
portunities. In the second part of article it was analyzed what should be done after
crisis as well as perspectives of international financial system reforming. Both the
possible future configuration of the global financial system and consequences of this
transformation were determined.