The main objective of this assignment is to emphasize on understanding the how global events can reshape the financial management activities in micro and macro levels. It is evident that the economic crises in different part of the world in the past have made significant impact to financial markets and the financial positions of business firms. In here you required to write an essay on major global incidents which lead to global financial and economic crises. • Your essay should be covered from 1997 – Asian financial crises to the current global financial and economic instability created by the COVID-19 outbreak. • You need to explain the main causes for the crises, how it happens, macro and micro level consequences and the action taken by governments and business firms to overcome the crises and after crises business environment. • You may limit your discussion to two selected countries. • The essay should emphasis the impact to the financial system specially to the capital market. • You may use relevant graph and statistics for your discussions.