Search results
Results from the WOW.Com Content Network
In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. [7] The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. [ 7 ]
Assume that world interest rate is at 5%. If the home central bank tries to set domestic interest rate at a rate lower than 5%, for example at 2%, there will be a depreciation pressure on the home currency , because investors would want to sell their low yielding domestic currency and buy higher yielding foreign currency.
The title of the book points at the sharp decline in stock prices following the bankruptcy of the investment bank Lehman Brothers in September, 2008. Meanwhile, its subtitle reveals Stiglitz's conviction that free markets are at the bottom of the crisis, as he makes deregulation responsible for the rise of the shadow banking system, over-leveraged banks and subprime mortgages.
"We not only saved the world" is a statement uttered by the Prime Minister of the United Kingdom, Gordon Brown, during Prime Minister's Questions at the House of Commons in December 2008. It has since been interpreted as evidence of Brown's pride in his actions since the financial crisis of 2007–2008 .
[3] [4] Viewed on television and the Internet by millions of people around the globe, Obama's speech focused on the major issues facing the United States and the world, all echoed through his campaign slogan of change. [5] He also mentioned his maternal grandmother Madelyn Dunham, who had died just two nights earlier.
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. [1] A key focus in IPE is on the power of different actors such as nation states, international organizations and multinational corporations to shape the international economic system and the distributive consequences of international economic activity.
Story at a glance The authors noted the most common forms of hesitancy stemmed from mistrust in the science and effectiveness and safety concerns. Other common reasons for hesitation were rooted ...
The World Economic Forum and its annual meeting in Davos have received criticism over the years, including allegations of the organization's corporate capture of global and democratic institutions, institutional whitewashing initiatives, the public cost of security, the organization's tax-exempt status, unclear decision processes and membership ...