It has been exactly three years. The US triggered financial crisis that started off with the subprime mortgage crisis and soon evolved into a global debacle seemed to recover little by little through two waves of quantitative easing, but only to stumble in face of the US fiscal crisis. Despite the political endeavor to raise the debt limit, the stock markets around the world fluctuated wildly when S&P degraded the US credit rating from AAA to AA+. The fiscal crisis of EU, including Greece which posed an endless threat to the global economy last year, is like a time bomb that can go off anytime.

A time of turbulence that denies any prediction of the future. At the height of such crisis, the MBA Team of Maeil Economic Daily arranged urgent interviews with top experts of crisis management from the world-class management consulting firms of Bain & Company and BCG. For BCG, Daniel Stelter, the author of “Accelerating Out of the Great Recession” and senior partner at Berlin office, diagnosed the current situation and recommended crisis management strategy. For Bain & Company, Sunny Yi, head of the Seoul office and one of the dozen global board members, shared management strategy to prepare for the fiscal crisis.

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