Word: capitalisme
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Dates: during 2000-2009
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The debate over whether the process was fair and whether the criteria were intelligently chosen will go on for years and will eventually become an important part of the history of American capitalism and the banking system. In the meantime, the public has loved watching the tension of big companies...
If you want to know what's going on in the U.S. housing market, chances are you follow the Case-Shiller index. Robert Shiller, the Yale University economist who helped create the home-price gauge, was something of a pop economist even before the real estate meltdown-a book published...
But when the financial crisis hit, these darlings of international capitalism found their open economies amongst the most vulnerable. The International Monetary Fund - recently involved in bailouts for Hungary, Latvia and Ukraine - now forecasts a 3.7% drop in GDP for the central and eastern European region for 2009. The downturn...
5 | Ecuador Still Driving on the Left Ecuadorians handily re-elected President Rafael Correa on April 26, endorsing his policies of "21st century socialism" and of blaming capitalism for the global economic crisis. Correa, who has refused to pay some foreign debts and has increased social programs for the poor...
At the end of the 19th century, Argentina was one of the world's richest countries; poor European emigrants found themselves choosing between New York City and Buenos Aires. Somewhere along the way, though, things took a turn. Much has been written about why some economies thrive while others flail...