Word: globalization
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Dates: during 2000-2009
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...Walk a few blocks from the summit site, though, and the symbols of globalization quickly make way for gloom. Canning Town and Custom House, as the neighborhoods around the ExCel center are known, may have played spectator to the city's trade-driven growth, but they have seen little of its benefits. Dogged by poverty, poor health, and low education, both neighborhoods rank among the most deprived areas in Britain. Almost a fifth of the local working-age population receives welfare benefits. Half have no formal qualifications. For leaders of the world's most advanced economies, the area offers...
...resist any Anglo-American pressure for additional fiscal stimulus and to highlight their demands for stricter financial regulation. They are not the only G-20 leaders to arrive in London with agendas that reflect divergent approaches to the economic crisis - and differing domestic pressures. (See pictures of the global financial crisis...
...Chris Knight, one of the event's organizers. "Yes we can!" Beside an effigy of Fred Goodwin, the former boss of the Royal Bank of Scotland, who is blamed for its collapse, Knight predicted that "bankers should be hanging from lampposts" later in the day. (See pictures of the global financial crisis...
...elephant in the room on Wednesday. But he brought it up anyway, during a joint press conference with British Prime Minister Gordon Brown. A British reporter asked Obama about the proper size of government stimulus spending, and the U.S. President decided to talk about the perilous balance of global trade...
...said, hinting that this position may not be sustainable. "We're going to have to take into account a whole host of factors that can increase our savings rate and start dealing with our long-term fiscal position as well as our current account deficits." (See pictures of the global financial crisis...