Impact of global crisis on growth and employment

The global economic crisis is spoken extensively in recent years. The crisis did not occur by chance. This crisis has all the characteristics of turbulent phenomena that the speed of light spread through the financial and the real sector of the global economy. The emergence of the global crisis and its development have contributed to all: politics, economics, government, academia, the media. The crisis has resulted from irresponsible business policy of the state institutions. The first swept the property market in the United States. The crisis manifested itself through the combined effect of illiquidity of financial markets and the general decline in demand in the real economy. The negative effects of the crisis are manifested through the migration of foreign capital, a drastic drop in stock market index, the less new capital and increasing margins on loans. Previous information on the crisis is not enough to fight against it. Numerous attempts to resolve the crisis analyzes and to consider the environment in which it occurs. It is certain that the mortgage loans, the initial trigger of this crisis on the financial markets of the United States. Positive rates of economic growth in the BRIC countries, in 2011. year (Brazil 2.7%, Russia 4.3%, India 7.8%, China 9.2%) are a great challenge to the United States (1.5% of GDP) for global economic dominance, given the much lower rate of economic growth compared to the BRICs. The BRICs were registered in 2011. was reduced unemployment (Brazil 6%, Russia 6.8%, India 9.4%, China 6.5%), compared to the previous year. When the unemployment rate compares the BRIC countries with unemployment rates for 2011. year in the United States (8.6%) and the EU (9.3%), it is clear that this important macroeconomic indicator is much more favorable in the BRIC countries compared to the USA's and the EU. Such a situation is only temporary, as the analysis shows that the trend will continue in the future. This says that the U.S. will face a big challenge, will in future be able to maintain global economic dominance, or will it turn to move to the center of the BRIC countries.