Abstract:
In recent decades financial crisis is a vivid concept in world economy. It took place in big economies as well as small ones. I will write about causes and effects of financial crisis in this essay which took place in the 1980s, 1990s and in 2000s. By this I will try to contrast them in the means of their characteristics. I will begin with a brief explanation of new economic system created after the Second World War and the effects of it on new economic era. I will follow by crisis in Mexico in 1980s, Thailand in 1990s, and Turkey in 2000s by mentioning about their causes and effects. At the end I will try to make some conclusions with respects to these three crises occurred in three different decades. I have written about three crises instead of two as I wanted to put a third small crisis with two big ones as I am familiar with it.