Many commentators have blamed the problems that led to global financia

QUESTION

Many commentators have blamed the problems that led to global financial crisis of 2008-2009, and the recession that followed on:

A. a lack of free markets.

B. a lack of regulation.

C. the political ideologies followed in the Asian countries.

D. a strong presence of command economies.

E. a lack of privatization and liberalization.

ANSWER

B
Many commentators have blamed the problems that led to the global financial crisis of 2008-2009, and the recession that followed on a lack of regulation, and some reassessment of Western political ideology seems likely.