The world economic crisis is a complex phenomenon that does not only affect one country, but also has an impact on the entire global economic order. There are several main causes that gave rise to this crisis, including financial instability, debt crises, and external factors such as geopolitical changes. One of the main causes of economic crises is the global financial crisis, which is often triggered by loose monetary policy and excessive speculation in capital markets. When large financial institutions experience significant losses, they tend to tighten credit, causing companies and individuals to have difficulty obtaining funds. This instability then causes a decline in investment and consumption, prolonging the crisis. Debt crises, both at the country and corporate level, are another critical cause. Countries with high debt often experience difficulty paying obligations, especially during recessions. This could trigger strict austerity, affecting public spending and reducing economic growth. Several countries, especially in Europe and Latin America, have faced debt crises that have led to austerity policies that have had a negative impact on the economy. External factors such as geopolitical changes also contributed to the economic crisis. Political tensions between major countries, trade wars, or economic sanctions can affect global markets. For example, protectionist policies can hinder international trade, leading to reduced economic growth. This situation often triggers concern among investors, causing volatility in the stock market. The impact of the world economic crisis is very broad and touches various aspects of life. Unemployment has increased significantly due to workforce reductions by companies struggling to survive. Certain segments, such as manufacturing and services, are usually the most affected. Additionally, economic instability can lead to increased poverty, with many individuals losing income in the absence of adequate social security. Social aspects are also disrupted; increasing public dissatisfaction can trigger social protests and political instability. In some cases, this can lead to a change in government policy or even a regime change. Reactions to the crisis have been mixed, with countries varying in their approaches, from fiscal stimulus to structural reform. Finally, the long-term impact of the economic crisis should not be ignored. Trust in the financial system could be compromised, resulting in restructuring in the banking sector. Countries may need to reevaluate their monetary and fiscal policies to create a stronger foundation. Likewise, people will adapt to new conditions, often changing the way they shop and invest to mitigate existing risks. The role of international institutions, such as the IMF and World Bank, also becomes more important during times of crisis, emphasizing the need for global cooperation to restore affected economies.