The crisis of the first decade of the 21st century and its influence on Poland and other European countries

Abstract

The financial crisis broke out in 2008 in the United States, spreading on other countries to become global. The main objective of the article is to present how the financial crisis in the United States hhas influenced other countries, mainly Poland and other European countries. The author also presents theoretical views on the international transmission of crises, transmission channels and selected models. The aim of the presented article is an attempt to identify reasons for the current economic crisis, pointing out that it has brought about significant changes in the attitude of the governments of the most powerful countries in the world towards state interventionism and it has led to transformations in the course of economic cycle.