Euroscepticism and Global Financial Crisis

Question: Discuss about the Euroscepticism and Global Financial Crisis. Answer: Introduction Problem Statement The world is suffering from certain financial and economic crisis (Serricchio, Tsakatika and Quaglia 2013). The problem statement for the research is to identify the causes that has caused the financial and economic changes in the world. Research objectives To evaluate the factors those have caused the economic changes in the world To study the factors that resulted in the financial changes in the world To evaluate whether the economic changes proved beneficial for the world To study whether the financial changes proved beneficial for the world Research aim The main aim of the research is to identify the causes that have brought about the economic and the financial changes in the world. Research question What are the factors that caused the economic changes in the world? What are the factors that resulted in the financial changes in the world? Are the economic changes proved beneficial for the world? Are the financial changes proved beneficial for the world? Variable and Hypothesis H0: The causes have no effect on the financial and economic crisis in the world H1: The causes have certain effects on the financial and economic crisis in the world The dependent variable for the research work is the financial and economic crisis in the world and the independent variable for the research work is the causes that might bring about the crisis in the world. Literature Review There are various reason that could be identified for the global financial and economic crisis: Stock market bubble The stock market return between the period of June 2013 and June 2014 has been low. As a result, many companies were affected as they reported the market have disappointed them and have reported negative annual earnings. Robert Shiller, the Noble Prize winner and the economist from the Yale University has said that the gap between the earnings of the organization and the stock price is more than it was in the period of 2000-2007. Demand in energy The situation in the energy industry reports that it is not the scarcity of energy in the world but ample availability of energy that is creating the issue. The growth in the supply of gas and the fracking techniques has made the United States a leading nation in the possession of ample energy. If the United States starting supplying energy, the prices of energy will fall drastically. The abundance of energy in the economy will result in economic and financial crisis. It will trigger problem for West Asia and Russia as these two countries mainly depend on the demand of energy From China and Western Europe. The income for Russia and West Asia will fall and they will be facing some serious economic and financial issues. Geopolitical crisis Some of the countries that are news due to the political crisis are Venezuela, Ukraine, Nigeria and Syria. The financial markets are hugely affected due to the political crisis. As the financial market is linked with the countries in the world, hence problems at one place will trigger problem in the world. Research Design and Methodology As financial and the economic crisis is a global phenomenon hence, both the secondary and primary research will be taken into account for the research work. The work of the previous authors regarding the causes of the economic and the financial crisis will be helpful in understanding the changes that have happened in the world that led to the crisis (Creswell 2013). The primary research will be collected in the form of qualitative data from five managers each working with in a bank, a international retail sector, an international food sector, international investment company and international real-estate industry (Cohen, Manion and Morrison 2013). As the managers are working in the international chains, hence, they will be able helpful in answering the research questions. The constraints that can be faced by the researchers are the websites that block certain users from using their information and the availability of the managers who will be giving their feedback on the crisis (Zikmund et al. 2013). Instrumentation/Sampling The managers will be asked the questions in a face-to-face to manner to get their feedback. The questionnaires given to the managers will be open-ended so that they can discuss the issues in detail (Fowler Jr 2013). The samples were chosen based on the company. Only those mangers were chosen who are working in an international association The research will reproduce the feedback of the mangers in an indirect speech and hence the degree of accuracy will be high Data Analysis As it is qualitative research, hence, the feedback of the managers will be taken into consideration in the form of descriptive manner and will be presented in a descriptive manner (Creswell 2013). The secondary data collected from the literature review can be analyzed in the form of regression analysis (Cohen, Manion and Morrison 2013). It is expected that the feedback of the managers will allow the research support the alternative hypothesis that cause haves certain effects on the financial and the economic crisis of the world. Conclusion As per the secondary data retrieved until now, it can be said that the alternative hypothesis will be accepted that the causes will have certain effects on the global financial and economic crisis. The findings that have been retrieved suggests the fact that a number of reasons like, stock market, political crisis and energy distribution in the world affects the financial and the economic crisis in the world. It is recommended that the organization that work in the global market should take care of the external issues in the market so that they can take necessary measures that will help the companies to sustain in the global competitive market. The future researchers can select any one of the causes and see its effect on the world economy and on the organization. Different causes will have different implications. Once the implications will be taken care of separately, the researcher might reach different conclusions for each of the causes. References Cohen, L., Manion, L. and Morrison, K., 2013.Research methods in education. Routledge. Creswell, J.W., 2013.Research design: Qualitative, quantitative, and mixed methods approaches. Sage publications. Davies, J. 2014. [online] Canstar.com.au. Available at: https://www.canstar.com.au/home-loans/global-financial-crisis/ [Accessed 31 Aug. 2016]. Economist.com, 2013.Crash course | The Economist. [online] Economist.com. Available at: https://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article [Accessed 31 Aug. 2016]. Fowler Jr, F.J., 2013.Survey research methods. Sage publications. NASDAQ.com, 2014.8 Reasons Why A New Global Financial Crisis Could Be On The Way. [online] NASDAQ.com. Available at: https://www.nasdaq.com/article/8-reasons-why-a-new-global-financial-crisis-could-be-on-the-way-cm383267 [Accessed 31 Aug. 2016]. Serricchio, F., Tsakatika, M. and Quaglia, L., 2013. Euroscepticism and the global financial crisis.JCMS: Journal of Common Market Studies,51(1), pp.51-64. Zikmund, W.G., Babin, B.J., Carr, J.C. and Griffin, M., 2013.Business research methods. Cengage Learning.