Global: Social investment is the key

The second half of 2008 saw unfold one of the most significant financial crises in history that started in the United States and then spread to Europe, Asia and the rest of the world. The response was just as historic. To stave off regional and global recessions and restore stability and confidence in the market, northern governments are pursuing a massive and unprecedented program of government intervention, nationalizing banks, injecting massive subsidies into ailing institutions and re-regulating their financial sectors.