The end of communism in the late 1980s brought about a new world economy and ushered in a free flow of goods, money, ideas and people. This resulted in the world economy facing regular ups and downs in their business cycle. Now, business cycles worldwide face a surge in economic activity followed by a boom and taper off with a recession and falling GDP levels.
ABOUT THE AUTHOR V.V. Ramani
V.V. Ramani holds an M.A., Phil and a PGDM from Madras University. She is currently working as a Faculty Member and Consulting Editor with ICFAI University. She has over 18 years of industry and academic experience. She is the Joint Secretary of National Human Resources Development Network, Hyderabad Chapter and Vice President of CEASE Child Labor (an ILO Project). Her articles have been published in various magazines and management journals. She presented several papers in various conferences and seminars. Her areas of interest include Economics disciplines like Micro-Economics, Macro-Economics, International Trade, Public Finance and HR disciplines like Leadership, Organisational Development, Human Resource Management and Networking.
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