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Global Financial Crisis – Australian Perspective and Lessons for Bangladesh

The paper focuses on the current global financial crisis in general and Australia in particular. Many countries are trying to overcome this crisis by taking different policy measures. Australia so far tried its best to overcome the crisis. The current study shows how Australia is being affected by such crisis and how the government made effort so far to overcome such crisis. The outcome of the study would be a lesson for other countries in the Asia Pacific Rim including Bangladesh where the severity of the crisis is not still dangerous. They may take precautionary actions before hand. The paper intended to sort out the deep rooted causes of the crisis, evaluate the rescue plan by Australian Government and recommend precautionary action for Bangladesh to overcome potential crisis.