Beyond the shockwaves, immense uncertainty and eventual recovery, each economic crisis changes the way society and corporations operate, leaving scars but also spurring innovation.
The 2000-2002 dotcom bust disproved assumptions that any enterprise could thrive by going online, but gave rise to today’s internet giants and the telecommunications capabilities that have sustained many businesses in recent weeks. The ultra-loose monetary policies that prevented the financial system from collapsing in the 2008 crisis remain with us, but new regulations have helped create a more resilient banking sector.
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