THE EURO CRISIS The entire global attention is currently focused towards the ongoing crisis in the Euro zone. The present article seeks to simplify and logically explain the crisis which has engulfed PIIGS. Q1) What does the term PIIGS stand for? Ans. PIIGS stands for Portugal, Ireland, Italy, Greece and Spain. The current Euro crisis started in Greece and has now finally spread to Italy. In fact, there is a worry that ultimately it will slowly engulf the entire Euro zone and that there will be
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in garment industries for more work and less pay which is absolutely unethical. Child labour as a global concern has been raised on international platforms as well. Abolition of child trafficking, elimination of poverty, free and compulsory education, and basic standards of living can reduce the problem to a great extent. The World Band, International Monetary Fund can help in eradicating poverty by providing loan to the developing countries. Strict implementation of labour laws is also essential
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of the production of goods and services, through reduction of barriers to international trade such as tariffs, export fees. Globalization leads to economic growth in developed and developing countries through increased specialization. It also refers to the mixture of ideas, languages and cultures. Globalization leads to decreasing inter-cultural contact while increasing the possibility of international and intra-national conflict throughout the globe. It is like moving towards
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oil partners should now put their influence behind efforts to have the bans removed, but it is best that this be done in the context of the needed cease-fire in Western Upper Nile/Unity State. And this cease-fire should be monitored by the international community through the use of monitors on the ground, among other means, particularly at the airstrips used by the oil companies, at Heglig, Rubkona, and Bentiu. A cease-fire which Talisman, either witnessing or acquiescing in the use of Heglig
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International Monetary Fund International Monetary Fund (IMF) is an organization which monitors the currency and free trade, provides financial assistance, and maintains international financial operations. IMF is committed to promote world finance, strengthen financial stability, and enhance the sustainable development of free trade (Hill, 2013). Nowadays, the global financial is in a critical period, and IMF plays an important role for providing members with loans, monitoring and adjusting
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the demotion in their debt rating did not aid their financial situation. Greece was then faced with the possibility of sovereign debt default. The failure of Greece to pay their debts required bailouts from the European Union (EU) and the International Monetary Fund (IMF). While the loan bailouts have eased short term liquidity problems, Greece still remained in financial turmoil which may even deteriorate. This research paper aims to explore the history behind the Greek debt crisis, the implications
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INTERNATIONAL FINANCIAL INSTITUTIONS • 1 Types o 1.1 Multilateral development bank o 1.2 Bretton Woods institutions o 1.3 Regional development banks o 1.4 Bilateral development banks and agencies o 1.5 Other regional financial institutions International financial institutions (IFIs) are financial institutions that have been established (or chartered) by more than one country, and hence are subjects ofinternational law. Their owners or shareholders are generally national governments,
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O C C A S I O N A L PA P E R S E R I E S N O 1 2 3 / F E B R UA RY 2 011 THE INTERNATIONAL MONETARY SYSTEM AFTER THE FINANCIAL CRISIS by Ettore Dorrucci and Julie McKay OCCASIONAL PAPER SERIES NO 123 / FEBRUARY 2011 THE INTERNATIONAL MONETARY SYSTEM AFTER THE FINANCIAL CRISIS by Ettore Dorrucci and Julie McKay1 NOTE: This Occasional Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not
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Full Report can be downloaded at: http://www.un.org/en/development/desa/policy/wesp/index.shtml World Economic Situation and Prospects Executive Summary 2012 1 Executive Summary Global economic prospects for 2012 and 2013 The world economy is on the brink of another major downturn The world economy is teetering on the brink of another major downturn. Output growth has already slowed considerably during 2011 and anaemic growth is expected during 2012 and 2013. The problems stalking
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agreement established a fixed rate exchange system, the International Monterey Fund (IMF) and the World Bank. This also included an exchange rate agreement, also known as the gold exchange standard. (Satterlee, 2009, p.157). Summary: A Bretton Woods for innovation This article by author Stephen Ezell highlights one of the issues overlooked upon the conclusion of the 1994 meeting, policies governing innovation. “We need a new international framework that sets clear parameters for what constitutes
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