تعرضت أسواق المال العالمية خلال الأيام الماضية إلى حالة خطيرة من عدم الاستقرار رافقتها انهيارات كبرى في أسعار الأسهم في الأسواق الرئيسية ا
????? ????? ????? ???????? ???? ?????? ??????? ??? ???? ????? ?? ??? ????????? ??????? ???????? ???? ?? ????? ?????? ?? ??????? ???????? ???????? ?????? ???????? ??????? ????????? ???? ???? ???? ?????? ??????? ????? ???? ????? ?????? ???? ???? 23 ??????? ?? ??????? ??? ?? ????????? ???? ????? ??? ?????????? ?? ?????? ????? ?????? ?? ????? ???? ?????????? ?????? ??????? ??????? ??? ?????? ????? ???????? ?? ????? ?????? ?? ???? ???? ???????? ???? 7 ??????? ?? ??????? ???????? ?4 ??????? ?? ??? ??????.
????? ??????:
??? ??? ????? ?? ????? ???? ???????? ???????? ?????? ?? ???????? ???? ?????? ?? ?????? ????? ??????? ????????? ????????? ???? ??? ???????? ?????? ?????? ??????? ????? ??? ??????? ???????? ??????? ?? ?? ???? ???????? ??????? ?? ????? ?????? ????? ??? ?????? ?????? ?????? ??????? ??????? ????????? ?????? ??????? ?????????? ????? ???????? ??????? ????????? ????? ?????? ?? ?????? ??? ????? ??? ???????? ?? ??? ????? ??? ????? ?? ??? ????? ??????. ??? ??? ??? ??? ???????? ???????? ???? ?????? ??????????? ??????? ????? ?????????? ??? ????? ???????? ?????????? ????? ???? ??? ?????? ?? ??? 2000 ????? ?????? ??????? ??? ????? ???????? ???? ????? ????? ?? ??????? ??????? ???? ?????? ??? ???????.
???? ??? ????? ???? ????? ????? ???? ????? ????? ???????? ??? ??? ????? ?????? ???????? ??? ?????? ???? ???? ???? ????????? ?????? ?????. ????? ???? ??? ???????? ???????? ???? ??????? ???????? ??????? ???????? ????????? ????? ?????? ?? ???? ????? ?????? ???? ?? ???????? ??????? ??? ??? ???? ?????? ???? ????? ????????? ?? ??? ?? ??????? ?????? ??? ???? ??????????? ??????? ????? ???????. ??? ??? ??? ??????? ?? ??? ????????? ??????? ?????? ??? ???? ???????? ???? ????? ?? ????????? ?????? ????? ?? ????????. ?????? ????????? ???????? ??? ???? ?? ?????? ?? ??????? ???? ???????? ????? ??? ??????? ??? ???????? ??? ???? ?????? ???? ?????? ???????.
??????? ??????? ???????? ???? ??????? ????? ???????? ?????? ????? ???????? ???????? ??????? ???? ?????? ???????? ??? ???? ????? ??? ??? ??? 2007 ????? ?????? ??????? ???????? ???? ???? ???????? ?????? ??? ?????? ????? ????????? ??? ???? ???? ???????? ??? ??? ??????? ?????? ??? ???? ?????? ??? ??? ??? ???????? ????????. ???? ???? ?? ?????? ?????? ??????? ???????? ??????? ?????? ????????? ????? ???? ??????. ?????? ????? ??????? ??????? ????? ??? ???? ????????? ??????? ???? ??? ?????? ?? ??????? ?????? ????? ?????? ????? ?? ???????.
??? ????? ????? ?????? ??????? ?? ??? ????? ?????? ???? ???????? ???? ???? ??????? ?? ????? ???????? ????? ??????? ??????? ???????? ?? ???? ??? ???? ?????? ????????? ?? ?????? ??? ???? 4.6% ??????? 9.9%.?????? ????? ??? ??????( ?????) ????? ???? ???? ?? ???????? ???????? ?? ????? ????? ??? 1987 ?? ??? ??? ???? ??????? ???? ?????? 22.6% ?? ????? ???? ????? ?????? ???? ????? ?? ????? ?????? ??? ??? ??? ?????? ??????? ???? ????? ???? ?? ????? ????????? ?????? ?? ??? ??? ?????? ????? ??????? ????? ?????? ?? ???? ??? 1987.
????? ?????? ???????
???? ??????? ?????????? Economic Crises ????? ?????? ????? ???? ??? ??????? ????????? ?? ??? ?? ?? ??? ?????. ??? ???? ???? ???? ??? ???????? ?????? ?? ?????? ??????? ??? ??????? ??????????. ??????? ??????????? ???????? ?????? ?????? Cycle ???? ?? ???? Crises ???? ??? ??? ??????? ????? ????? ?? ???? ??? ??? ?????????? ??????? ??? ??? ???????? ?? ???????? ?? ??? ?? ?????? Cycle ??? ??? ???????? ?? ??????? ???? ???? ?? ??????? ????????.
????? ?????? ??????? ???? ???? ????????? ???????? ????? ???? ????? ????? ?????? ????????? ??? ??????? ??????? ?????? ????? ???? ?????? ?????.???? ????? ????? ????? ?????? ??? ????????? ?? ??????? ???? ?????? ?????? ??????? ??? ??? ??????? ?? ??????? ?????? ??? ??????? ????? ??? ?????? ??? ???? ???? ??? ???????? ????? ?? ?????? ??????? ?????????? ???? ????? (???? ????? ??????)? ?????? ???? ??? ?????? ??????? ?? ???? ????? ???? ?????? ???? ????? ???? ???? ????? ??? ?????? ??????? ?? ????? ????? ???? ?????? ??? ????????? ?????? ???? ???? ????? ????? ???????? ???????? ??? ??????? ?????? ???? ????? ???? ?????? ?????? ?????. ??? ???? ??????? ??????? ?? ???? ?? ?????? ?? ????? ????????? ????? ???? ????? ?? ???????? ??????? ?? ????? ????? ?? ??????? ??? ????????? ??????? ??????? ??????? ?????? ????????? ?????? ??????? ????? ??? ???????? ??????? ??????? ??????? ??????? ??????.
??? ??????? ???????? ??????? ????? ???????? ??????? ?
?? ????? ?????? ?? ???????? ??????? ??? ??? ?????? ??? ?????? ?? ???? ???????? ??????? ??? ??????? ??? ???? ???????? ???? ??? ????? ????? ??? ???? ?? ??? ?????? ??????? ??????????? ???? ???? ???? ?????? ??? ?? ???? ????? ??????? ????????? ????? ????? ??? ??????? ?? ?????? ???????:
1. ?????? ??????? ??? ?????? ?????? ??????? ??????? : ??? ?????? ????? ?? ???????? ???????? ?????? ????? ????? ?????? ?? ??? ??? ?????? ? ?? ????? ?? ??? ??????? ?? ??? (????? ?????) ???? ???? ( 34) ??????? ????? ???? ???? ??? ?????? ?????? ???????? ???????? ???? ( 13) ??????? ????? ???? ???? 2006??? ???? ????? ?? ?????? ??????? ???????? ??? ???????? ?????? ????????? ???????.
1- ????? ???????:????? ?? ????? ??????? ???????? ????? ??? ??? 1971? ?? ??? ?? ???? ?? ???? ?? ??? ????? ?????? ??? ?? ??? 2006 ??? 758 ????? ?????. ????? ????? ??????? ??? ??? ???? ?????? ???????? ???? ?????? ??? ????? ?????????.
2- ??? ?????????: ???? ????? ?????? ???????? ?? ??????? ??? 2008 ????? 410 ????? ????? ?? 2.9% ?? ?????? ?????? ????????? ???? ???? ????? ???????? ?????????? ?????????? ???? ???????? ????? ?????? ??????? ?? ???????? ??????? ??? ??????? ?????? ??????? ??????? ??? ??????????? ???? ??????? ????? ??? ??????? ???? ?? ???? ??? ????? ???????? ??????? ????????? ??? ?? ??????? ?????? ?????? ?????? ??? ????? ???????? ????? ?? ?????? ??? ??????? ?????? ????? ??????.
3. - ?????????: ????? ??????? ????? ??????? ????????? ?????? ?????? ???????? (??????? ???????? ????????? ???????) ?? 4.3 ????????? ????? ?? ??? 1990 ??? 8.4 ????????? ????? ?? ??? 2003 ???? 8.9 ????????? ????? ?? ??? 2007. ?????? ??? ?????? ?????? ???? 64% ?? ?????? ?????? ????????. ????? ???? ????? ???????? ??????? ??? ????? ???? ????? ???? ?? ?????? ??????. ????? ??? ??? ?????? ???? ????? ?????? ?????? ???????? ????? ????? ??????? ?????? ????? ????? ?????? ???????? ????? ???????.
??? ????? ??? ????????? ????????? ??? ???????? ???????? ?? ???? ??????? ???????? ?????. ??? ???? ?????? ??????? 9.2 ????????? ????? ???? ???? ?????? ???? ??????? ????? ????? 6.6 ????????? ?????? ?? ??? ?????? ???????? ???? ????? ?????? ????? ?? ?????? ??????? ??????? ????? ???? ?? ??? ?????? ?????? ???????? ????????. ??? ???? ??????? ????? ??????? ?????? ?? ??? ????? ?????? 18.4 ??????? ?????. ????? ???? ??????? ????? 36 ??????? ????? ?? ????? ????? ?????? ?????? ????????.???? ??? ?????? ?????? ???? ???????? ????? ??????? ???????? ??????? ?????????.
??? ????? ???????? ??????? ?? ????? ???????? ???? ?? ??????? ?????? ???? ????? 4% ???????? ???? ???? 5% ? ?? ????? ??????? ??????? ??????? ?? ????? ??????? ??????? ????? ????? ?? ??????? ???????? ???? ?? ???? ??????? ?????????.
?? ????? ????? ??????? ??????? ????????? ??? ????? ???????? ?? ?????????? ?? ???? ????? ??????? ?????? ??? ????? ????????? ??????? ??? ??? ????? ??? ???????? ???????? ?? ??? ??? ?????? ??????? ????? ??????? ????????? ????? ???????? ?? ?????? ????????? ??? ???? ?????? ??????? ???????? ?? ?????? ?? ????? ?????? ???? ???? ???????? ???? ?? ?????? ???? ??????? ???????? ??????? ??????? ??????? ???? ???? ?? ??????? ???? ???? ????? ????? ????? ?????? ?? ???? ????????? ???????? ???????? ??? ????? ???? ?? ??????? ???? ???? ????? ???? ?????? ??????? ????????? ???? ????? ??????? ?????? ??????? ??? ????? ??? ????? ???? ???? ?? ?????? ???????? ?? ?? ???????? ???????? ???? ????? ???? ????? ?? ??????? ?????????? ???? ???? ??????? ??? ??????? ????? ???????? ??????? ??? ??? ?? ????? ????? ?????? ??? ?????? ????? ??????? ?? ??? ????????? ??? ?????? ??????? ??????? ???? ??????? ???? ????? ???????? ???????.
?????? ?? ??????? ?????????? ?? ????? ?????? ????? ????????? ????????? ????? ?????? ??? ?? ???? ????? ?? ????? ??? ??? ?????????? ??????? ???? ???? ??????? ??? ?????? ??????? ????????.
?????? ????? ????????
???? ??? ?????? ???????? ????? ??? ???????? ? ??? ??? ??????? ???????? ?? ??????? ????????? ?????? ???????? ???????? ??????? ????? ??? ????? ?????? ???? ??????? ?? ???? ???? ????? ?? ?????? ???????? ?? ?????? ?? ????? ?????? ???? ?????? ?????? ????? ????? ?????? ??????? ??? ??? ??????? ????? ?? ?? ???? ?????? ??????? ???? ????? ????? ?????? ??? ????? ?? ?????? ????????? ? ??????? ?? ??????? ?? ??? ????? ??? ???? ????? ??????? ???? ????? ?? ?????? ?? ???? ???????? ??????? ?????? ????????? ?????? ???????? ????????? ??? ?? ?????? ??????? ???? ????? ??????? ????? ????? ??? ?? ???? ??????? ? ??? ???????? ???????? ??? ???? ?? ????? ????? ???? ???? ????? (????????) ????????? ??? ??? ???? ?? ?????? (????? ????????) ???? ????? ?????? ??????? ???? ???????? ???? ???? ??? ??????? ?????? ????????? ???????.
??? ????? ????? ? ??? ?? ?????? ???? ??????? ???????? ??? ?????? ????? ?? ???? ????? ???? ?? ????? ????? ???? ??????? ????????? ??????? ???? ????? ???????? ???? ??? ?????? ?????? ????? ?????? ??? ????? ???????? ???????? ?????? ???? ???? ????? ????????????? ??????? ? ??? ???? ????? ????? ??? ?? ????? ????????? ?? ??? ????????? ?????????? ????? ???????? ???????? ????????? ??????? ????? ??? ???? ???????? ???????? ????? ???? ????? ?????? ????? ?? ????? ????? ????? ????? ????? ?? ?????? ?? ????.
اضافةتعليق