The economic and financial crisis has wreaked havoc in developed countries while some such as China, Brazil and Peru were growing. The crisis of 2008 marked a period of economic imbalances, financial and social dimensions not seen since the 1929 crisis, when the world suffered from the same period of general decline also known as the Great Depression, which lasted until the end of the decade of the 30. Both originated in the U.S. and its causes include aspects ethical and moral beyond the economic and social spheres in which they were usually limited.

Causes and consequences of global crisis:

The form of management and control of several private companies, especially banking and finance, degenerated into the largest U.S. stock market crash or crack October 29, and in 2007 led to the problem of mortgages subprime has plunged the world into the greatest crisis in its history.

Something that goes beyond economic or business issues to also include liability reasons, equity or simply common sense, on the other hand is relegating the slope combat global warming.

China and India, countries in Latin America and PIIGS:

Scenario in which some first world countries such as Iceland or grouped in Europe in the acronym PIIGS (Portugal, Italy, Ireland, Greece and Spain) have decreased significantly, while many emerging markets such as China or India, and Brazil and Peru in Latin America, have recorded significant growth rates which led to the decline in poverty, but not the extent necessary to reverse the economic and social vulnerability that still threatens.

What on political economy has led to some of the first resort to massive financial aid from international financial organizations, while the strength of the latter that has allowed them to avoid that in the early 90′s was a constant in areas like Latin America.

The Washington Consensus and the fall of the Berlin Wall:

The countries of Latin America, we must remember, were two decades ago the first required to be subject to adjustments within the set of economic policies known as the Washington Consensus, to access financial support from organizations like the World Bank or the International Monetary Fund, to the delicate situation of their economies. When, moreover, was not only apparent collapse of the USSR, but also of a social policy that held that triggered the fall of the Berlin Wall on November 9, 1989.

The aid or IMF bailouts and the European Union:

Twenty years later, many Latin American countries have more or less reclaimed their economies, while several of the first world have been in serious trouble, due to the irresponsible application of liberalism come from capitalism since the early 90′s, was erected as the main route to growth and development.

Began collapsing in Europe Iceland, a small country that only a few years earlier had been listed as the happiest and best for living, followed Greece, Ireland and Portugal, who received huge bailouts from the IMF and European Central Bank in dramatic context of adjustment programs which advance implementation has allowed Spain to relegate the time such aid, although levels unemployment unemployment currently have.
The financial system and institutions rather than global warming

In this context, it is not surprising that the care and treatment of other problems perhaps more important, have been somewhat delayed by the need to resolve those involving financial system stability or sustainability of countries like Greece, Ireland or Portugal, even if it means deficits inflate various countries, in some cases alarming rates.

Sources of green jobs and the importance of environmental economics:

What finally suggests a certain ignorance of the importance it represents for the future of humanity to restore or stabilize the current climate situation, or how urgent it is investment in renewable energy sources to address environmental problems, and the economy tomorrow’s world is characterized by the generation of green jobs in the diverse range of business sectors that include increasingly environmental business.

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