Future Perspective and Policy Implications
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By the middle of 2012, more than three years have passed since the outbreak of the 2008 global financial crisis. Although some countries in the European Union are still in deep financial trouble, it is time to reflect upon what happened during the past few years and what can be learned from this crisis for future implications. The economic crisis provides an ideal opportunity to examine the soundness of a nation’s economic system and the effectiveness of national governance for building a more robust economy in the future.