What(in your opinion)was the principal cause of the Financial Crisis ?

The development of post modern society is mainly led by effect of globalization that has also influence entire human activities and their lifestyles. With this change due to globalization, the thought process of people has also significantly influenced and they have realized their priorities. In case of trade and business, the world economies have experienced tremendous growth. The policy makers realized the necessity of interdependence and co-operation in encouraging the international trade. International trade has a number of advantages like exchanges of necessary resources like capital, human resources, technology etc. The emergence of international trade necessitates the role of financial institution at global platform and now, the world economies engaged in international trade