I, however, see the same pattern in Western society. A book, for instance, that I was recently reading (Flanagan, 2012) noted the immensity of people that were harmed by following so-called progressive notions of their day
The movement has been described in a number of terms, not all of them flattering. The doctrine of globalization has its roots in neoliberal ideology, in which the emancipation of the individual is equated with smaller government and greater economic freedom (Harvey, 2007)
2%. Okun's Law posits that unemployment can only improve so much given sluggish GDP growth (Burgen, Meyer & Tasci, 2012)
"Their reaction to the economic mess was to pass bailout bills worth over $700 billion, provide insolvent banks with taxpayer cash, guarantee bad debts, and purchase toxic assets. These responses have channeled most of the resources mentioned to our financial institutions in order to increase their liquidity" (Avizius, 2009)
"The Global Financial Crisis of 2008 has shaken neoliberalism's hold on policy, with many suggesting that its policies were responsible for the collapse. The current crisis may have shaken neoliberalism's supremacy, but it remains un-challenged by serious alternatives and continues to shape post-2008 policy" (Centeno & Cohen, 2012)
This process ended in the current crisis, which is so severe that it has pushed the global economy to the brink of depression. Fear of financial and economic crumple has provoked unparalleled government salvage efforts that have been, to date, not capable to end the emergency (Crotty, 2009)
S. And the UK, characterized by new forms of institution-building and governmental intervention, in which neoliberalismis increasingly associated with the political foregrounding of new modes of social and penal policymaking, concerned specifically with the aggressive reregulation, disciplining, and containment of those marginalized or dispossessed by the neoliberalization of the 1980s" (Esteva, n
The location of expertise in a geography of power emanating from the global north in general, and U.S.-based institutions in particular" (Sheppard & Leitner, 2009)
The credit squeeze and layoffs affected many households, predominantly those relying in credit cards. Because spending went down, it led to deflation which turned into recession (Steinberg, 2008)
" (Avizius, 2009). The third problem with government's response was the fact that the funds were distributed and the public was not told to whom (Sylvester, 2008)
Patents are a major instrument in the enforcement of intellectual property rights. What exactly do patents protect in the pharmaceutical industry? A patent on a drug gives the owner, in this case the inventing pharmaceutical company, the exclusive "right to prevent others from making, using, importing, or selling it" (Elliott & Bonin, 2002, p
He wanted to increase productivity by recycling different products (such as plastic) and using this process to increase the company's bottom line results. ("The Next Industrial Revolution") (McDonough) ("William McDonough") However, despite these kinds of benefits most corporations were not focused on the impact of their practices on the environment
The Chartered Institute of Personnel and Development (CIPD) has stated that the "PESTE analysis is in effect an audit of an organization's environmental influences with the purpose of using this information to guide strategic decision-making & #8230; (and) is a useful tool for understanding risks associated with market growth or decline, and as such the position, potential and direction for an individual business" (CIPD, 2013), and indeed the majority of major corporations utilize this analytical tool as a foundational aspect of their overall macroeconomic policy. The term PESTE is a simple acronym used to combine disparate external factors which can influence a company's performance: (P)olitical, (E)conomic, (S)ocio-cultural, (T)echnological, and (E)nvironmental; and while "some approaches will add in extra factors, such as International, or remove some to reduce it to PEST, these are all merely variations on a theme & #8230; (and) the important principle is identifying the key factors from the wider, uncontrollable external environment that might affect the organization" (Fidgeon, 2012)
The housing market debacle and the ensuing Wall Street difficulties directly led to the enervating of many investment banks, which in turn had to be financially bailed out with federal intervention. Although the author may be somewhat hyperbolic in his assessment that doing so prevented an even worse depression on a worldwide scale, he details several noxious effects of this federal action: not the least of which were the attempt to stimulate the economy via more spending which had the effect of "deficit-enlarging" (Barrett, 2010)
Thanks to everything from warped compensation structures to corrupt ratings agencies, the global financial system rotted from the inside out. The financial crisis merely ripped the sleek and shiny skin off what had become, over the years, a gangrenous mess (Roubini & Mihm, 2010, p
However, the author makes a point to spend a considerable greater amount of time tending to potential solutions -- and measures to ensure that similar fiscal crises cannot proceed -- than giving a history lesson about the critical time that was probably at its worse in 2008. In doing so, he suitably demonstrates that this crisis is not a "freak event" (Sunderland, 2010)
2 Relevant Economic Principles: Determinants of Demand and Supply 2.1 Summary The 2008 recession has been termed "the most severe economic contraction since the 1930s" (Elwell, 2013, p
2.6 Unemployment Level A persistently high rate of unemployment has negative consequences on citizens' well-being and also impacts negatively on the federal budget (Levine, 2013)
5% of GDP in 2010, with the federal debt shooting up from $9.01 trillion in 2007 to $14.5 trillion in 2013 (Scully, 2009, p
S. trade deficit to decrease, or lessen from August 2008 through May 2009" as imports recorded faster drops that exports (Williams & Donnelly, 2012)