POLS 1500 Chapter Notes - Chapter 11: Human Security, Group Of 77, Structural Adjustment
24 Jan 2017
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Document Summary
It is a constant battle between states and markets for what drives economies. Explosion of religious and ethnic conflict in europe, africa and asia and the. Middle east linked poverty and economic stagnation (slow growth) Ukraine abandoned five years of negotiations with the eu to russian support. Eu"s premise was built on rule of law and respect for the market and individuals. Global economic crisis gained speed in 2008: iceland shut down its stock market and unprivatized its last bank; seeked loans from russia and went bankrupt in 2009. Had to turn to the imf for support, as well as 8 other countries. Greece and italy both faced similar problems in 2011 and 2012, although france and. It was a result of shortcomings in domestic financial regulation and failure of global cooperation, especially institutions. Economic collapse of 2008-09; global economic collapse started as the us housing bubble burst, causing to go bankrupt.
