HREQ 3890 Lecture Notes - Lecture 10: Foreign Corporation, Working Animal, United States House Committee On Oversight And Government Reform
6 May 2015
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Document Summary
Innovations in communication and information technology have spawned the emergence of a global economy . The adoption of the euro reflects the increasing globalization of economic institutions. Economic institution refers to th structure and means by which a society produces, distributes and consumes. When states rather than industries are held accountable for financial collapse, it is the citizens who end up paying. The us and european governments intervened by voluminous parcels of credit, credit guarantees, subsidies and. They exchange bad, defaulted private assets for god public bonds, thus actually guaranteeing the profitability of. On the one hand that helped to bring about an immediate stabilization, on the other hand, public debts exploded. Under capitalism, private individuals or groups invest capital (money, technology, machines) to produce goods. Capitalism is characterized by economic motivation through profit, the determination of prices and wages. Capitalism alienates workers, poor working conditions, near poverty wages, unemployment, a polluted and.
