Word: globalization
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Dates: during 2000-2009
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...would have to be reversed almost immediately, and the sales in the private sector would have to make an unprecedented rebound if the Administration is to have any chance of holding the line at a $1.8 trillion. Neither of those things is going to happen. (See pictures of the global financial crisis...
...Wall Street Journal has raised the issue of whether the Chinese consumer can replace the U.S. consumer as the most important engine of the global economy. The answer is "not yet", but if consumer spending keeps dropping in America and the appetite for consumer goods among the Chinese middle class keep growing, that picture could change...
...able to pick up shares in the secondary market - something they're currently prevented from doing - not solely through new listings. The LSE also recently launched a service providing research on AIM companies which lack the kind of independent analysis wavering investors are after. (See pictures of the global financial crisis...
...stays - but in a new role, as head of a new planning commission which will act as watchdog and overseer of all government departments. This is good. Manuel is widely respected inside and outside South Africa and is credited as the man who created the conditions, before the global downturn, for South Africa's economy to grow by close to 5% a year. Manuel has long complained that while he built government resources, other departments squandered them. Fifteen years since the end of apartheid, the big questions facing South Africa are less about how to improve race relations - though divisions...
...something happened on the way to the EaP's founding summit - namely, the global recession. Many of the countries worst hit by the economic downturn are the same 12 nations that have joined the E.U. since 2004, most from Eastern Europe. Now not only are those post-Cold War newcomers - who used huge inflows of European development aid to build up U.S.-style economies - most in need of more emergency funding to prop up their credit-dependent markets, but they are also viewed as migrant threats to other E.U. nations already facing escalating unemployment. Not surprisingly, such factors have fueled...