It was a tough time when there was a crucial recession during 1920s where there were so many countries affected by RECESSION interms of low revenue,lay offs and bankruptcy.After a certain period of time economy of the diffferent country started recovering with better industrial revilution and everything became stable.But nobody can predict the future that everyday we will a nice cup of tea and the time again came in the life of the US and which affected every economy because various country depends on the US due to its strong value of currency and economy.
There are big giants like Lehman brothers,Marril Lynch and AIG started giving indication of bankruptcy.After a couple of time we listen that Lehaman brother announced bankruptcy as well as crucial condition of Marril Lynch and AIG in the US.It has has affected the US economy which has started bleeding and at the same Indian economy has also been affected.
Currently after one year there has been boom in the economy and companies and investment banks are in the better condition and stock market started booming.To recover the recession there has been expense of $3 to 4 trillion which is very huge expenditure.
Even if there is need to focus on the learning from the past and implementing in the bright future.I think there is a need to follow V-SHAPE MODEL for the economy of different country to recover in a better and continuous growth.
These are the factors which are interdependant to each other say for e.g. Reqirements-Accaptance and system testing,High level design-integration testing,Low level design-Unit testing and at last effective implementaton.
