Some countries economy are constant and some economy rise and fall, from my understanding I suggest that is because of government,and population of the country. What is your suggestion
No economies are constant. All economies also global economy have cycles. there are two king short term that last around 10 years. and long term economic cycle that last around 100 years. We dont even notice the big one, Short ones we do. Every time economic crisis start we are at start of new cycle. But the big cycle is most important and our future is not that bright here.
From your explanation, the nature of a crisis in a short cycle is a crisis that occurs by accident while the nature of a crisis in a long cycle is a crisis that occurs by design or is systemic and can already be predicted to occur. Long cycle per 100 years in my opinion due to the accumulation of problems and due to short-term solutions of the economic crisis in the short cycle and due to wrong economic governance by state officials, causing a vicious circle in the national economy and global economy.
In the recovery of a long cycle of crisis, there is usually a trigger to take extraordinary measures. This corona pandemic is a trigger created to take an extraordinary measure of the system.
No short cycle dont appears by accident. Both are systematic. Spend more then you produce and spend less then you produce because you are repaying old debts. It is not really hard to google what economic cycles are. https://www.investopedia.com/terms/e/economic-cycle.asp But I watched one good video explaining big cycle. Let me try to find it. Wish me luck
Ha I found it: https://www.youtube.com/watch?v=sMRRz1J9RkI Is 30 minutes, but worth of watching. And if you understand it you can fast forward a lot is easy to understood.