Analysis of the impact of 2008 financial crisis on Economics, political and health systems and societies of Advanced Countries

The objective of this study is to investigate the impact of 2008 financial crisis on the economies, societies, health and political systems of advanced countries and problems originated from this crisis. For this purpose, first we focused on macroeconomic variables to measure the impact on the economies of advanced countries. Then we have studies microeconomic variables to measure the impact of this crisis on the behavior of the citizens of advanced countries. Our study found that this crisis has created a wave of unrest among the middle and low income segments of society, widen social gap, generated sense of security. The people perceived the existing political system or globalization as unviable mechanism and voted against the concepts of open markets, free trade and free mobility of labour and capital in the British referendum and US Presidential election. The environment produced as a result of this crisis has posed serious threat to traditional political, economic and strategic alliances and the leaders and people start thinking about their well-being and prosperity rather than the whole world. It will likely to cause trade war among big power and shift in their political, economic and strategic policies, out study concluded.