Articles taged with 'financial crisis'     

ELIAMEP: The global financial crisis is the first major challenge for the euro as a multi-national currency. Although early indications suggest that the eurozone countries are weathering the storm, this has not stopped prominent economists such as Martin Feldstein (Harvard University) from cautioning that ‘the current financial crisis may provide a severe test of the [...]

Amidst all the concern about the effects of the global economic and financial crisis, there has been much analysis about its consequences for the markets, employment, the future nature of capitalism, migration, and the prospects for a green economy. There has been significantly less talk about the setbacks this global financial crisis may have on [...]

* Someone who chooses to receive the benefits of a “public good” or a positive “externality” without contributing to paying the costs of producing those benefits.
The world is facing the most severe financial and economic crisis in the post-war decades. International organisations, like the OECD and IMF, in their latest projections, anticipate that the contraction [...]

There is no doubt left: it is the worst crisis of global capitalism, at least since the 1930s. The International Monetary Fund forecasts the harshest global recession of the last sixty years. The “masters of the universe”, Wall Street’s golden boys and their indolent regulatory authorities, could have hardly made a worse mess.
Captive to the [...]

In my post of October 31, 2008 I listed a number of possible key political effects of the current financial-economic crisis: (1) relative decline of U.S. hegemonic dominance; (2) redesign of global governance in favour of emerging economic and political powers; (3) increased pressure on Europeans to rise to the challenge of global affairs; (4) [...]

The former German Foreign Minister Joschka Fischer has publicly speculated that the effects of the current financial crisis will be similar to the fall of the Berlin Wall in 1989. This time, however, the consequences would not affect the East but rather the West. In times of severe crisis, like the one we are undisputedly [...]