We have become used to considering Europe as a continent. What if the political and economic realities transform it from an American dependency to an Asian peninsula?
Human beings, servants of the financial systemGRAZIA TANTA
1 - The uncontrolled expansion of the financial system
2 - The power and size of the financial sector
3 - Financial sector liabilities and their evolution
4 - Financial liabilities and minimum wages
The document discusses the ongoing debt crisis in the West. It describes how the US transitioned to a fiat currency in the 1970s and was able to accumulate large amounts of debt as other countries invested in the US to maintain economic demand. This capital outflow has caused stagnation in the EU. The debt crisis began with the 2008 financial crisis and Greece's debt problems threatened the EU's existence. Austerity policies have failed to solve the crisis as they slow economic growth and do not address the underlying lack of competitiveness and capital outflows from the EU to the US. Disintegration of the EU was also proposed but not described as a viable solution.
Harvard Kennedy School: Eurozone Study Jan. 2017 chaganomics
This document summarizes a paper that examines the resilience of the Eurozone in the face of crises. Deep financial integration created interdependence among Eurozone members, providing mechanisms to reallocate resources and absorb economic shocks. Global market pressures forced political leaders to reinforce the monetary union through fiscal and monetary backstops. Ongoing progress on banking supervision and regulation has further strengthened the currency union. While the Eurozone still falls short as an optimal currency area, financial integration may drive further integration through banking reforms, even amid populist opposition to other reforms.
Eurozone falling chickens choice internal or external devaluationMarkets Beyond
The political and economic backround in Europe is awful and no good choice is left to solve the huge imbalances between countries: external or internal devalutation.
Whatever the route followed it will translate into a fall in standard of living of Europeans. The path followed by European politicians for the past 4 years has led to a dead end and they will soon have to decide which of two tough routes to follow..
The document discusses several economic and political issues:
1) European authorities have struggled to effectively address the escalating sovereign debt crisis, providing only temporary solutions while the problems get worse.
2) The US debt level has risen significantly due to tax cuts, spending increases, and the financial crisis, reaching nearly 100% of GDP.
3) Emerging markets saw large declines as investors fled to safe havens like US treasuries, though some emerging countries remain attractive long-term investments due to growth and demographics.
4) South Africa faces economic challenges including slowing growth compared to other emerging markets, while political risks also loom over policy and foreign investment.
Summary - The Road to Global ProsperityAlberto Rocha
- The document summarizes Michael Mandelbaum's book "The Road to Global Prosperity" which argues that international economic growth and cooperation are essential for global stability and prosperity.
- It discusses the economic rise of emerging markets like Brazil, Russia, India, and China (BRICs) but also notes their political and economic challenges. While the BRICs saw strong growth, they face issues like corruption, overreliance on commodities, poverty, and pollution.
- It also analyzes the 2008 global financial crisis, noting the US housing bubble and eurozone crisis exposed flaws in both systems and imbalances like high US debt and Chinese oversaving that remain issues. International cooperation on trade and addressing economic tensions
Post Globalization Issues and Power shift of the CenturyZeeshanMajeed15
GlobalizationWe can define globalization as the increasing interdependence and integration of economies, markets, nations, and cultures.
OR
Globalization envisages a borderless world or seeks the world as a global village.
OR
Globalization is the flow across national borders of trade, finance, people, and of course ideas.
Power shift of the CenturyEra of globalization is ending and giving way to new power centers.
Globalization world was where interconnectedness and the people used to do the same in terms of law and approaches but now we are witnessing the clash of civilizations.
We are now going to a multipolar world where at least three big regions do things increasingly differently.
Despite all the artifices to neutralize the trend of decline of profit rates in the world capitalist system as predicted by Karl Marx in his great work The Capital, will not prevent its collapse over time because the political and social cost would be immense for humanity with its maintenance. Before the collapse, the world capitalist system will be ruined by the economic depression for many years resulting in his climbing the bankruptcy of many companies, the economic unfeasibility of the highly indebted nation states and mass unemployment on a global scale. Given the existence of the chaos that already dominates the world economy that is getting worse, it is time for each country and humanity provide themselves as urgently as possible tools necessary to take control of their destiny. To take control of his destiny humanity must take to end the world capitalist system to exercise governance of the world economy. This is the only means of survival of the human species.
Human beings, servants of the financial systemGRAZIA TANTA
1 - The uncontrolled expansion of the financial system
2 - The power and size of the financial sector
3 - Financial sector liabilities and their evolution
4 - Financial liabilities and minimum wages
The document discusses the ongoing debt crisis in the West. It describes how the US transitioned to a fiat currency in the 1970s and was able to accumulate large amounts of debt as other countries invested in the US to maintain economic demand. This capital outflow has caused stagnation in the EU. The debt crisis began with the 2008 financial crisis and Greece's debt problems threatened the EU's existence. Austerity policies have failed to solve the crisis as they slow economic growth and do not address the underlying lack of competitiveness and capital outflows from the EU to the US. Disintegration of the EU was also proposed but not described as a viable solution.
Harvard Kennedy School: Eurozone Study Jan. 2017 chaganomics
This document summarizes a paper that examines the resilience of the Eurozone in the face of crises. Deep financial integration created interdependence among Eurozone members, providing mechanisms to reallocate resources and absorb economic shocks. Global market pressures forced political leaders to reinforce the monetary union through fiscal and monetary backstops. Ongoing progress on banking supervision and regulation has further strengthened the currency union. While the Eurozone still falls short as an optimal currency area, financial integration may drive further integration through banking reforms, even amid populist opposition to other reforms.
Eurozone falling chickens choice internal or external devaluationMarkets Beyond
The political and economic backround in Europe is awful and no good choice is left to solve the huge imbalances between countries: external or internal devalutation.
Whatever the route followed it will translate into a fall in standard of living of Europeans. The path followed by European politicians for the past 4 years has led to a dead end and they will soon have to decide which of two tough routes to follow..
The document discusses several economic and political issues:
1) European authorities have struggled to effectively address the escalating sovereign debt crisis, providing only temporary solutions while the problems get worse.
2) The US debt level has risen significantly due to tax cuts, spending increases, and the financial crisis, reaching nearly 100% of GDP.
3) Emerging markets saw large declines as investors fled to safe havens like US treasuries, though some emerging countries remain attractive long-term investments due to growth and demographics.
4) South Africa faces economic challenges including slowing growth compared to other emerging markets, while political risks also loom over policy and foreign investment.
Summary - The Road to Global ProsperityAlberto Rocha
- The document summarizes Michael Mandelbaum's book "The Road to Global Prosperity" which argues that international economic growth and cooperation are essential for global stability and prosperity.
- It discusses the economic rise of emerging markets like Brazil, Russia, India, and China (BRICs) but also notes their political and economic challenges. While the BRICs saw strong growth, they face issues like corruption, overreliance on commodities, poverty, and pollution.
- It also analyzes the 2008 global financial crisis, noting the US housing bubble and eurozone crisis exposed flaws in both systems and imbalances like high US debt and Chinese oversaving that remain issues. International cooperation on trade and addressing economic tensions
Post Globalization Issues and Power shift of the CenturyZeeshanMajeed15
GlobalizationWe can define globalization as the increasing interdependence and integration of economies, markets, nations, and cultures.
OR
Globalization envisages a borderless world or seeks the world as a global village.
OR
Globalization is the flow across national borders of trade, finance, people, and of course ideas.
Power shift of the CenturyEra of globalization is ending and giving way to new power centers.
Globalization world was where interconnectedness and the people used to do the same in terms of law and approaches but now we are witnessing the clash of civilizations.
We are now going to a multipolar world where at least three big regions do things increasingly differently.
Despite all the artifices to neutralize the trend of decline of profit rates in the world capitalist system as predicted by Karl Marx in his great work The Capital, will not prevent its collapse over time because the political and social cost would be immense for humanity with its maintenance. Before the collapse, the world capitalist system will be ruined by the economic depression for many years resulting in his climbing the bankruptcy of many companies, the economic unfeasibility of the highly indebted nation states and mass unemployment on a global scale. Given the existence of the chaos that already dominates the world economy that is getting worse, it is time for each country and humanity provide themselves as urgently as possible tools necessary to take control of their destiny. To take control of his destiny humanity must take to end the world capitalist system to exercise governance of the world economy. This is the only means of survival of the human species.
Globalization has led to the rise of civic society in developing countries as a counterbalance to unregulated markets. Civil societies now propose interventions to ease the negative impacts of globalization. However, most NGOs in developing countries lack proper legal frameworks and funding sources, limiting their effectiveness. The author analyzes the cases of Mexico and Romania to understand how to establish legal frameworks and global philanthropic standards that support civil society organizations and enable them to act as a balance to state power during periods of economic globalization.
Understanding paradiplomacy an analysis of subnational diplomatic activity in...Karan Khosla
Since the creation of the new world order in the aftermath of the Second World War, non-state actors have grown in both economic and political importance. While non-state actors such as multinational corporations, non-governmental organiza-tions, and international organizations have all been adopted into international relations literature, cities meanwhile have mainly been ignored. The paper provides examples of subnational actors in Brazil, Belgium, and the United States conducting international activities without the role of their central governments.
HLEG thematic workshop on "Intra-generational and Inter-generational Sustaina...StatsCommunications
Presentation at the HLEG thematic workshop on "Intra-generational and Inter-generational Sustainability", 22-23 September 2014, Rome, Italy, http://oe.cd/StrategicForum2014
Ivo Pezzuto - "World Economy. Resilience or Great Reset" Dr. Ivo Pezzuto
The document discusses the economic impacts of the COVID-19 pandemic. It notes that while the pandemic will certainly leave lasting scars, it may also catalyze transformations like increased digitalization. The pandemic caused a historic contraction in the global economy as lockdowns halted activity. This has hit many companies and economies hard. There is uncertainty around how long the pandemic and its effects will last. The response from governments, central banks, and international organizations has involved massive stimulus measures to support public health and economic recovery. However, high global debt levels and risks to vulnerable emerging economies are major concerns going forward.
A Pragmatic Grand Strategy towards ChinaKaran Khosla
Daniel Guelen
E-mail: daniel.guelen@columbia.edu
Published May 4, 2020
Abstract
China’s rise brings various issues to the international stage. Terms such as the Thucydides Trap and Trade Wars have become common language and many fear for conflict between the United States and China. Especially in the 21st century, the relationship between the US and China will define the world. However, this paper argues that China does not pose a threat to the United States and the international order as the economic, military, and political circumstances do not facilitate such a great power tension. By directly analyzing the relationship between the US and China in these three areas, two policy recommendations can be drawn. This paper brings forth a dual grand strategy for the US to improve and support its domestic position to compete globally and present a more accessible alternative to lead internationally by building a more inclusive coalition and deterring some of China’s aggressions in South East Asia. As the world becomes more multipolar, the ability to balance power, engage developing nations, and build alliances will prove to be critical to any strategy.
Keywords: China; United States; foreign policy; great power tension; international security; Thucydides Trap; international order; trade wars; counterhegemony; South East Asia.
According to the Institute of International Finance report, global debt increased by US$ 3.3 trillion last year to US$ 243 trillion. Economists warn that when this multi-trillion dollar bomb planted under the global economy explodes, the crisis will be worse than that of 2008. This is a record three times higher than world GDP. In developed countries, the extremely high indebtedness ratio reached 390% of GDP. The world economy may not be able to withstand to the debt of US$ 243 trillion dollars. Is the end of globalized capitalism?
The document discusses how the "market" conditions life and prioritizes capital accumulation over human needs. It notes that GDP, which is often used to measure the market, fails to account for many essential economic activities and goods. It also discusses how the financial system relies on endless debt creation without corresponding savings, and how public and private debt have become impossible to repay. The functioning of the market treats humans as instruments to extract value rather than as beneficiaries.
A Rental Culture vs. a Home ownership CultureKaran Khosla
Bodine Beentjes
IE University, Madrid, Spain
E-mail: Bbeententjes.ieu2016@student.ie.edu
Published May 4, 2020
Abstract
This paper aims to analyze the housing situation in the post-crisis years in Spain and the Netherlands. Both countries are highly developed European Union (EU) countries and have expanded their economies since 2013. Similarly, both are experiencing a housing crisis with rapidly increasing prices and shortages. Spain suffers challenges related to its decentralized and unorganized housing management structure when it comes to implementing new policies, and the Netherlands needs to motivate housing corporations to construct more housing. This paper looks at various studies and reports as well as news related to policy changes and their effects from 2015 to the present day. Furthermore, the concept of social housing and the effects of related policies on both the people and the market are analyzed.
Keywords: Housing Market, Real Estate, Netherlands, Spain
The document discusses various global events and trends that may occur over the next 10 years across geopolitics, economics, and technology. Some of the key points mentioned include:
- Growth falls below expectations globally and sources of power become diffuse, leading to increased economic nationalism and protectionism. Populism rises as democratic governments face strains.
- Technological innovations and sustainability efforts promote uneven but ongoing growth, with prosperity defined by access to digital resources. Regional trade blocs form amid a web of agreements. The US reduces its military footprint.
- Stagnation plagues Europe and Japan as China experiences a banking crisis. Nearly all large emerging markets fail to meet growth targets. The US emerges as the preem
An afro arab spring - socio-political trajectories in stemming the tide of th...Costy Costantinos
The financial, economic and for many, the livelihood, crisis that erupted in 2008 showed a cliffy downward freefall of economic trajectories unheard of in recent memory. The outbreak of the financial crisis provoked a broad liquidation of investments, substantial loss in wealth worldwide, a tightening of lending conditions, and a widespread increase in uncertainty. Higher borrowing costs and tighter credit conditions, coupled with the increase in uncertainty provoked a global flight to quality, caused firms to cut back on investment expenditures, and households to delay purchases of big-ticket items. Unemployment is on the rise, bringing with it a substantial deterioration in conditions for the most vulnerable. The sharp rise in commodity prices eventually resulted in The Arab Spring
arifanee.com is world's leading website on the hottest financial news, perspectives and behind the scenes stories. arifanees.com brings you insight and information to inspire and transform your paradigm by enriching your with the best of facts and the vision.
arifanees.com
Information-Inspiration-Transformation
Ppt presentation of swot analysis of Greece & ItalyShailesh shetty
The document discusses tourism in Italy. It receives over 36.5 million tourists annually, making it the 5th most visited country. Tourism employs 3 million people, or 12% of the workforce, and contributes 12% to GDP. Popular destinations include Rome, Milan, Venice, Florence, Pompeii, Naples, and coastal areas. Tourism dates back to ancient Rome and involves both cultural sites and geographic attractions like the Alps.
This document summarizes Dr. Usman W. Chohan's presentation on debt issues in the context of the COVID-19 pandemic. It notes that the pandemic has created both health and economic crises. Lockdowns have pushed many households and businesses over the edge financially. Global debt levels reached a record high in 2019 and many debts are coming due for emerging markets. It proposes creating a central credit facility at a multilateral institution to help countries access funds to deal with the pandemic by diverting interest payments to the facility and allowing countries to borrow from it. However, private creditors may not be willing to cooperate with debt relief efforts. The presentation argues more systematic mechanisms are needed for sovereign debt restructuring.
Emerging market economies were major beneficiaries of the economic boom before 2007. More recently, they have become victims of the global financial crisis. Their future development depends, to a large extent, on global economic prospects. Today the global economy and the European economy are much more integrated and interdependent than they were ten or twenty years ago. Every country must recognize its limited economic sovereignty and must be prepared to deal with the consequences of global macroeconomic fluctuations.
The statistical data for 2009 provides a mixed picture with respect to the impact of the crisison various groups of countries and individual economies. On average, Central and Eastern Europe experienced a smaller output decline than the Euro area and the entire EU while the CIS, especially its European part, contracted more dramatically. However, there was a deep differentiation within each country group. Looking globally, richer countries, which are more open to trade and in which the banking sector plays a larger role and which rely more on external financing, suffered more than less sophisticated economies, which are less dependent on trade and credit (especially from external sources). With some exceptions, the previous good growth performance helped rather than handicapped countries in the CEE and CIS regions in the crisis year of 2009.
The post-crisis recovery has been rather modest and incomplete. It remains vulnerable to new shocks (like the Greek Fiscal crisis), the danger of sovereign default and other uncertainties. Full post-crisis recovery and increasing potential growth will require far going economic and institutional reforms on both national, regional (e.g., EU) and global levels.
Authored by: Marek Dąbrowski
Published in 2010
1. Greece has historically been considered the birthplace of democracy but has faced economic turmoil since 2008. A financial crisis has left Greece in a severe recession and on the brink of collapse.
2. While Greece made economic strides in the early 20th century, problems grew after adopting the euro in 2001. Budget deficits increased and the government was unable to pay rising wages.
3. The European Union provided loans to Greece but did little to curb its growing debt, masking the problems. If Greece defaults on loans or leaves the EU, it could have wider economic impacts.
This document provides an outline for a presentation on what makes Hungary an attractive place. It begins with basic facts about Hungary's geography, population, and history. It then discusses Hungary's transition from communism to a market economy in the 1990s, including the economic downturn and reforms to create legal and economic institutions. The presentation would cover Hungary's current economy, including indicators like GDP, unemployment, inflation, and the financial sector. It also analyzes Hungary's competitiveness regionally and globally. The document is an outline for a talk that would provide an overview of Hungary's transition and current business environment.
1. Secondary Source Article Your Textbook Author, Dr. C. Brooks.docxjeremylockett77
1. Secondary Source Article: Your Textbook Author, Dr. C. Brooks on The European Union, pp 265-267
The European Union. As of this writing, Britain is poised to exit the EU in the near future.
At the start of the postwar boom, most of the nations of western Europe entered into various international groups that sought to improve economic relations and trade between the member nations. Those culminated in the creation of the European Community (EC) in 1967, essentially an economic alliance and trade zone between most of the nations of non-communist Europe. Despite various setbacks, not the least the enmity between French and British politicians that achieved almost comic levels at times, the EC steadily added new members into the 1980s. Its leadership also began to discuss the possibility of moving toward an even more
inclusive model for Europe, one in which not just trade but currency, law, and policy might be more closely aligned between countries. That vision of a united Europe was originally conceived in large part in hopes of creating a power-bloc to rival the two superpowers of the Cold War, but it also encompassed a moral vision of an advanced, rational economic and political system, in contrast to the conflicts that had so often characterized Europe in the past.
The EC officially became the European Union in 1993, and various member nations of the former EC voted (sometimes barely) to join in the following years. Over time, passport controls at borders between the member states of the EU were eliminated entirely. The member nations agreed to policies meant to ensure civil rights throughout the Union, as well as economic stipulations (e.g. limitations on national debt) meant to foster overall prosperity. Most spectacularly, at the start of 2002, the Euro became the official currency of the entire EU except for Great Britain, which clung tenaciously to the venerable British Pound.
The period between 2002 and 2008 was one of relative success for the architects of the EU. The economies of Eastern European countries in particular accelerated, along with a few unexpected western countries like Ireland (called the “Celtic Tiger” at the time for its success in bringing in outside investment by slashing corporate tax rates). Loans from wealthier members to poorer ones, the latter generally clustered along the Mediterranean, meant that none of the countries of the “Eurozone” lagged too far behind. While the end of passport controls at borders worried some, there was no general immigration crisis to speak of.
Unfortunately, especially since the financial crisis of 2008, the EU has been fraught with economic problems. The major issue is that the member nations cannot control their own economies past a certain point – they cannot devalue currency to deal with inflation, they are nominally prevented from allowing their own national debts to exceed a certain level of their Gross Domestic Product (3%, at least in theory), and ...
The Belgian Curtain - Europe after CommunismSam Vaknin
- The document discusses the competing influences of the European Union (EU) and NATO in Europe following the fall of Communism. It argues that NATO has expanded its influence and membership more aggressively, while the EU has struggled to establish its authority in foreign policy and security.
- The EU needs the economic and demographic benefits of expanding its membership to include Central and Eastern European countries. However, joining may impose significant costs and challenges for the candidate countries. Their accession could force reforms of the EU's agricultural subsidies and burden its budget.
- Historically, Europe alternated between alliances seeking a balance of power and periods of armed conflict, until the end of WWII brought foreign occupation and the imposition of the Cold War system by the
Globalization has led to the rise of civic society in developing countries as a counterbalance to unregulated markets. Civil societies now propose interventions to ease the negative impacts of globalization. However, most NGOs in developing countries lack proper legal frameworks and funding sources, limiting their effectiveness. The author analyzes the cases of Mexico and Romania to understand how to establish legal frameworks and global philanthropic standards that support civil society organizations and enable them to act as a balance to state power during periods of economic globalization.
Understanding paradiplomacy an analysis of subnational diplomatic activity in...Karan Khosla
Since the creation of the new world order in the aftermath of the Second World War, non-state actors have grown in both economic and political importance. While non-state actors such as multinational corporations, non-governmental organiza-tions, and international organizations have all been adopted into international relations literature, cities meanwhile have mainly been ignored. The paper provides examples of subnational actors in Brazil, Belgium, and the United States conducting international activities without the role of their central governments.
HLEG thematic workshop on "Intra-generational and Inter-generational Sustaina...StatsCommunications
Presentation at the HLEG thematic workshop on "Intra-generational and Inter-generational Sustainability", 22-23 September 2014, Rome, Italy, http://oe.cd/StrategicForum2014
Ivo Pezzuto - "World Economy. Resilience or Great Reset" Dr. Ivo Pezzuto
The document discusses the economic impacts of the COVID-19 pandemic. It notes that while the pandemic will certainly leave lasting scars, it may also catalyze transformations like increased digitalization. The pandemic caused a historic contraction in the global economy as lockdowns halted activity. This has hit many companies and economies hard. There is uncertainty around how long the pandemic and its effects will last. The response from governments, central banks, and international organizations has involved massive stimulus measures to support public health and economic recovery. However, high global debt levels and risks to vulnerable emerging economies are major concerns going forward.
A Pragmatic Grand Strategy towards ChinaKaran Khosla
Daniel Guelen
E-mail: daniel.guelen@columbia.edu
Published May 4, 2020
Abstract
China’s rise brings various issues to the international stage. Terms such as the Thucydides Trap and Trade Wars have become common language and many fear for conflict between the United States and China. Especially in the 21st century, the relationship between the US and China will define the world. However, this paper argues that China does not pose a threat to the United States and the international order as the economic, military, and political circumstances do not facilitate such a great power tension. By directly analyzing the relationship between the US and China in these three areas, two policy recommendations can be drawn. This paper brings forth a dual grand strategy for the US to improve and support its domestic position to compete globally and present a more accessible alternative to lead internationally by building a more inclusive coalition and deterring some of China’s aggressions in South East Asia. As the world becomes more multipolar, the ability to balance power, engage developing nations, and build alliances will prove to be critical to any strategy.
Keywords: China; United States; foreign policy; great power tension; international security; Thucydides Trap; international order; trade wars; counterhegemony; South East Asia.
According to the Institute of International Finance report, global debt increased by US$ 3.3 trillion last year to US$ 243 trillion. Economists warn that when this multi-trillion dollar bomb planted under the global economy explodes, the crisis will be worse than that of 2008. This is a record three times higher than world GDP. In developed countries, the extremely high indebtedness ratio reached 390% of GDP. The world economy may not be able to withstand to the debt of US$ 243 trillion dollars. Is the end of globalized capitalism?
The document discusses how the "market" conditions life and prioritizes capital accumulation over human needs. It notes that GDP, which is often used to measure the market, fails to account for many essential economic activities and goods. It also discusses how the financial system relies on endless debt creation without corresponding savings, and how public and private debt have become impossible to repay. The functioning of the market treats humans as instruments to extract value rather than as beneficiaries.
A Rental Culture vs. a Home ownership CultureKaran Khosla
Bodine Beentjes
IE University, Madrid, Spain
E-mail: Bbeententjes.ieu2016@student.ie.edu
Published May 4, 2020
Abstract
This paper aims to analyze the housing situation in the post-crisis years in Spain and the Netherlands. Both countries are highly developed European Union (EU) countries and have expanded their economies since 2013. Similarly, both are experiencing a housing crisis with rapidly increasing prices and shortages. Spain suffers challenges related to its decentralized and unorganized housing management structure when it comes to implementing new policies, and the Netherlands needs to motivate housing corporations to construct more housing. This paper looks at various studies and reports as well as news related to policy changes and their effects from 2015 to the present day. Furthermore, the concept of social housing and the effects of related policies on both the people and the market are analyzed.
Keywords: Housing Market, Real Estate, Netherlands, Spain
The document discusses various global events and trends that may occur over the next 10 years across geopolitics, economics, and technology. Some of the key points mentioned include:
- Growth falls below expectations globally and sources of power become diffuse, leading to increased economic nationalism and protectionism. Populism rises as democratic governments face strains.
- Technological innovations and sustainability efforts promote uneven but ongoing growth, with prosperity defined by access to digital resources. Regional trade blocs form amid a web of agreements. The US reduces its military footprint.
- Stagnation plagues Europe and Japan as China experiences a banking crisis. Nearly all large emerging markets fail to meet growth targets. The US emerges as the preem
An afro arab spring - socio-political trajectories in stemming the tide of th...Costy Costantinos
The financial, economic and for many, the livelihood, crisis that erupted in 2008 showed a cliffy downward freefall of economic trajectories unheard of in recent memory. The outbreak of the financial crisis provoked a broad liquidation of investments, substantial loss in wealth worldwide, a tightening of lending conditions, and a widespread increase in uncertainty. Higher borrowing costs and tighter credit conditions, coupled with the increase in uncertainty provoked a global flight to quality, caused firms to cut back on investment expenditures, and households to delay purchases of big-ticket items. Unemployment is on the rise, bringing with it a substantial deterioration in conditions for the most vulnerable. The sharp rise in commodity prices eventually resulted in The Arab Spring
arifanee.com is world's leading website on the hottest financial news, perspectives and behind the scenes stories. arifanees.com brings you insight and information to inspire and transform your paradigm by enriching your with the best of facts and the vision.
arifanees.com
Information-Inspiration-Transformation
Ppt presentation of swot analysis of Greece & ItalyShailesh shetty
The document discusses tourism in Italy. It receives over 36.5 million tourists annually, making it the 5th most visited country. Tourism employs 3 million people, or 12% of the workforce, and contributes 12% to GDP. Popular destinations include Rome, Milan, Venice, Florence, Pompeii, Naples, and coastal areas. Tourism dates back to ancient Rome and involves both cultural sites and geographic attractions like the Alps.
This document summarizes Dr. Usman W. Chohan's presentation on debt issues in the context of the COVID-19 pandemic. It notes that the pandemic has created both health and economic crises. Lockdowns have pushed many households and businesses over the edge financially. Global debt levels reached a record high in 2019 and many debts are coming due for emerging markets. It proposes creating a central credit facility at a multilateral institution to help countries access funds to deal with the pandemic by diverting interest payments to the facility and allowing countries to borrow from it. However, private creditors may not be willing to cooperate with debt relief efforts. The presentation argues more systematic mechanisms are needed for sovereign debt restructuring.
Emerging market economies were major beneficiaries of the economic boom before 2007. More recently, they have become victims of the global financial crisis. Their future development depends, to a large extent, on global economic prospects. Today the global economy and the European economy are much more integrated and interdependent than they were ten or twenty years ago. Every country must recognize its limited economic sovereignty and must be prepared to deal with the consequences of global macroeconomic fluctuations.
The statistical data for 2009 provides a mixed picture with respect to the impact of the crisison various groups of countries and individual economies. On average, Central and Eastern Europe experienced a smaller output decline than the Euro area and the entire EU while the CIS, especially its European part, contracted more dramatically. However, there was a deep differentiation within each country group. Looking globally, richer countries, which are more open to trade and in which the banking sector plays a larger role and which rely more on external financing, suffered more than less sophisticated economies, which are less dependent on trade and credit (especially from external sources). With some exceptions, the previous good growth performance helped rather than handicapped countries in the CEE and CIS regions in the crisis year of 2009.
The post-crisis recovery has been rather modest and incomplete. It remains vulnerable to new shocks (like the Greek Fiscal crisis), the danger of sovereign default and other uncertainties. Full post-crisis recovery and increasing potential growth will require far going economic and institutional reforms on both national, regional (e.g., EU) and global levels.
Authored by: Marek Dąbrowski
Published in 2010
1. Greece has historically been considered the birthplace of democracy but has faced economic turmoil since 2008. A financial crisis has left Greece in a severe recession and on the brink of collapse.
2. While Greece made economic strides in the early 20th century, problems grew after adopting the euro in 2001. Budget deficits increased and the government was unable to pay rising wages.
3. The European Union provided loans to Greece but did little to curb its growing debt, masking the problems. If Greece defaults on loans or leaves the EU, it could have wider economic impacts.
This document provides an outline for a presentation on what makes Hungary an attractive place. It begins with basic facts about Hungary's geography, population, and history. It then discusses Hungary's transition from communism to a market economy in the 1990s, including the economic downturn and reforms to create legal and economic institutions. The presentation would cover Hungary's current economy, including indicators like GDP, unemployment, inflation, and the financial sector. It also analyzes Hungary's competitiveness regionally and globally. The document is an outline for a talk that would provide an overview of Hungary's transition and current business environment.
1. Secondary Source Article Your Textbook Author, Dr. C. Brooks.docxjeremylockett77
1. Secondary Source Article: Your Textbook Author, Dr. C. Brooks on The European Union, pp 265-267
The European Union. As of this writing, Britain is poised to exit the EU in the near future.
At the start of the postwar boom, most of the nations of western Europe entered into various international groups that sought to improve economic relations and trade between the member nations. Those culminated in the creation of the European Community (EC) in 1967, essentially an economic alliance and trade zone between most of the nations of non-communist Europe. Despite various setbacks, not the least the enmity between French and British politicians that achieved almost comic levels at times, the EC steadily added new members into the 1980s. Its leadership also began to discuss the possibility of moving toward an even more
inclusive model for Europe, one in which not just trade but currency, law, and policy might be more closely aligned between countries. That vision of a united Europe was originally conceived in large part in hopes of creating a power-bloc to rival the two superpowers of the Cold War, but it also encompassed a moral vision of an advanced, rational economic and political system, in contrast to the conflicts that had so often characterized Europe in the past.
The EC officially became the European Union in 1993, and various member nations of the former EC voted (sometimes barely) to join in the following years. Over time, passport controls at borders between the member states of the EU were eliminated entirely. The member nations agreed to policies meant to ensure civil rights throughout the Union, as well as economic stipulations (e.g. limitations on national debt) meant to foster overall prosperity. Most spectacularly, at the start of 2002, the Euro became the official currency of the entire EU except for Great Britain, which clung tenaciously to the venerable British Pound.
The period between 2002 and 2008 was one of relative success for the architects of the EU. The economies of Eastern European countries in particular accelerated, along with a few unexpected western countries like Ireland (called the “Celtic Tiger” at the time for its success in bringing in outside investment by slashing corporate tax rates). Loans from wealthier members to poorer ones, the latter generally clustered along the Mediterranean, meant that none of the countries of the “Eurozone” lagged too far behind. While the end of passport controls at borders worried some, there was no general immigration crisis to speak of.
Unfortunately, especially since the financial crisis of 2008, the EU has been fraught with economic problems. The major issue is that the member nations cannot control their own economies past a certain point – they cannot devalue currency to deal with inflation, they are nominally prevented from allowing their own national debts to exceed a certain level of their Gross Domestic Product (3%, at least in theory), and ...
The Belgian Curtain - Europe after CommunismSam Vaknin
- The document discusses the competing influences of the European Union (EU) and NATO in Europe following the fall of Communism. It argues that NATO has expanded its influence and membership more aggressively, while the EU has struggled to establish its authority in foreign policy and security.
- The EU needs the economic and demographic benefits of expanding its membership to include Central and Eastern European countries. However, joining may impose significant costs and challenges for the candidate countries. Their accession could force reforms of the EU's agricultural subsidies and burden its budget.
- Historically, Europe alternated between alliances seeking a balance of power and periods of armed conflict, until the end of WWII brought foreign occupation and the imposition of the Cold War system by the
This document summarizes a research paper that analyzes how the weaker economies in the Eurozone known as the PIIGS (Portugal, Italy, Ireland, Greece, Spain) have benefited German exports by keeping the value of the Euro relatively low. It discusses how Germany has leveraged this "forex steroid" effect to become the second largest exporter in the world. The document provides background on the formation of the Eurozone and differences between northern and southern European economies. It also examines the Swiss Franc as a proxy for what an independent Deutsche Mark currency may have looked like and how it appreciated sharply against the Euro after certain events.
The document discusses Greece and its relationship with the Eurozone. It provides a brief history of Greece and reviews the modern problems that could force Greece to leave the Eurozone. This would have uncharted consequences for both Greece and the Eurozone. The document cautions that economic and political unification can have both advantages and disadvantages, such as giving up sovereign rights to a common cause, and difficulties from cultural differences in solving mutual problems.
Nationalism and fascism as answering to the failure of neoliberal globalizationFernando Alcoforado
In addition to provoking the devastation of the economies of almost every country in the world, neoliberal globalization is generating, as a consequence of its failure, the advent of nationalism and, in its wake, the possibility of the advance of fascism.
- Greece is considered the founding nation of democracy but has faced financial crisis since 2008 that has left it bankrupt and on the brink of collapse. This paper examines Greece's political and economic history and the role of the EU/eurozone in the crisis.
- Greece transitioned to democracy after WWII and joined the EU/eurozone in 2001, but deficits soon exceeded limits and Greece came to rely on loans. A 2009 change in government increased borrowing and cut programs.
- The EU works to support Greece and prevent its default from impacting other struggling members like Spain and Portugal, as this could lead to the disintegration of the European Union.
The British took the decision to separate of the European Union, the political and economic bloc which now congregates together 28 countries which joined in 1973. The negotiation of the UK break with the European Union should take two years. The option to leave the European Union won per 51.9% to 48.1%, shaking financial markets and triggering a shock wave and global unbelief. There is a risk of domino effect in other countries of the bloc, which can mimic the popular consultation to bargain advantage in negotiations with the European Union, as well as boost separatist movements like the Scottish and Catalan.
Center and Periferies in Europe – The inequalities dinamics since 1990GRAZIA TANTA
The document discusses the rising inequalities within Europe since 1990 as a result of capitalism. It outlines several key developments that have contributed to the formation of centers and peripheries on the continent, including periods of economic growth and crisis; the rise of neoliberalism; globalization and the relocation of industries; rising debt, speculation, and inequality; and resulting population changes and migration patterns. These dynamics have led to decreasing populations in many Eastern and Southern European countries, while populations in Western countries like France and Spain increased at higher rates, revealing the unequal impacts of capitalism across Europe.
Here are the answers to the quiz:
1. United States
2. Canada
3. Western Europe
4. Indonesia
5. Malaysia
6. Philippines
7. Soviet Union
8. Eastern Europe
9. Cuba
10. Alfred Sauvy
11. Brazil
12. Mexico
13. India
14. Nigeria
15. Association of Southeast Asian Nations
16. Intra-regional trade
17. Regional integration
NATO in the wake of Hitler - Drang nach Osten.pdfGRAZIA TANTA
1. The document discusses NATO expansionism and militarism as dangers to humanity. It argues that the US uses NATO to dominate Europe, install military bases near Russia, and promote the arms industry.
2. It claims the war in Ukraine will prolong US/NATO dominance over Europe and allow more weapons sales. However, this escalates tensions and endangers European lives and economies to serve US interests.
3. Militarism poses great risks and the document advocates demilitarization and reducing US/NATO aggression towards Russia to promote peace in Europe.
1) The European Union provided a 10 billion euro rescue package to Cyprus in 2013 when its banking sector was on the verge of collapse. Cyprus has a small economy and population of 1 million people, but its banking crisis could have major implications for the entire Eurozone.
2) Though controversial, a compromise agreement was reached where depositors in Cypriot banks would lose up to 40% of savings over 100,000 euros to help Cyprus recover from its liquidity crisis. However, Cyprus now faces challenges in reinvigorating its economy while maintaining financial restrictions.
3) While Cyprus has a small economy, the real debt problems lie elsewhere in Europe, particularly in Italy which has over 2.5 trillion dollars
The volatile domain of financial wealthGRAZIA TANTA
0 - Introduction
1 - How financial wealth is built
2 - The (ir) relevance of financial wealth per adult
3 - Where does financial wealth accumulate?
4 - Inequalities in the distribution of financial wealth
The emergency summit of eurozone heads of state to address the European debt crisis failed to find a substantial solution. While Greece received a second bailout and debt relief, the underlying issues were not addressed. Private creditors were let off lightly for Greek debt, and no provisions were made for countries like Italy and Spain seeing rising borrowing costs. Wealth is growing for the richest in society yet remains untapped, and austerity measures will further lower living standards for workers. The capitalist system is incapable of uniting Europe in the interests of its people and risks social decline, dictatorship or war without a socialist reorganization of the continent.
The document provides a history and overview of the Eurozone crisis. It discusses the development and mechanisms of the Eurozone, including the Maastricht criteria for countries to adopt the euro. It describes some of the key organizations involved, such as the European Central Bank and emergency liquidity programs. The document examines some of the initial causes and unfolding of the crisis over time, including the impact on unemployment and bailout programs in countries like Greece, Cyprus, and Italy.
This document discusses theories of international political economy as they relate to finance, trade, and development since World War II. It describes how liberalism, realism, and hegemonic stability theory attempt to explain the evolution of the international economic order. The US initially stabilized the system as a hegemon by establishing institutions like the IMF and World Bank. However, its declining power in the 1970s led to tensions as new economic rivals like Japan and Germany pursued their interests. The document also examines debates around trade, such as strategic trade theory versus comparative advantage, and development models like import substitution versus export-led growth. No single theory fully accounts for state behavior, which is influenced by both self-interest and cooperation within the international system
This dissertation paper provides an overview of immigration to Greece during the 1990s. It begins by discussing Greece's history as an emigration country after World War 2. In the 1990s, factors like the collapse of communism in Eastern Europe, civil wars in the Balkans, and strong economic growth in Southern Europe led to Greece becoming a destination for immigrants. The paper examines the reasons for immigration, including push factors in source countries and pull factors in Greece. It outlines the origins and economic roles of immigrants and issues like trafficking and Greek immigration policy.
Today's world is the product of immense migrations - through invasions or small groups - that have contributed to the enrichment of the human species, in genetic and cultural terms. To speak of homelands and nation-states is nonsense that suits some. Symbolically, we are all Lucy's grandchildren.
Summary
1 - Immigrants and emigrants, all natives of the planet
2 - Native population and resident foreigners
3.10.1 Globalisation Definitions And Characteristicstudorgeog
Globalization refers to the increasing interconnectedness of countries and peoples around the world through trade and cultural exchange. It reduces differences between places as shared economic and cultural experiences spread across borders through trade agreements and tourism. While trade and tourism can make economies and cultures more similar, they may also exacerbate inequality between places that are integrated and those that are not. Overall, globalization tends to decrease differences but does not eliminate them entirely.
Similar to Europe a continent that turns into a peninsula (20)
Ucrânia – Uma realidade pobre e volátil.pdfGRAZIA TANTA
1 - O que é historicamente a Ucrânia?
2 - O discreto papel dos EUA na manipulação da classe política ucraniana
3 - A demografia da Ucrânia; um país de …sucesso
As desigualdades entre mais pobres e menos pobres.docGRAZIA TANTA
Os países com grandes saldos positivos no comércio externo são a Alemanha, a China e a Rússia; os que acumulam grandes deficits são os EUA e o seu acólito Grã-Bretanha
Balofas palavras em dia de fuga para as praias.pdfGRAZIA TANTA
1 – MRS em seu esplendor no último 10 de junho
2 – A deificação de Portugal é uma elevação sem conteúdo
3 – O habitual verbo oco de MRS
4 - MRS e a arraia-miúda
5 – Periferia geográfica e de conhecimento
As balas da guerra parecem beliscar pouco as transações de energia.pdfGRAZIA TANTA
O documento fornece estatísticas sobre as exportações de energia da Rússia após a invasão da Ucrânia, mostrando que a Rússia continuou a vender grandes quantidades de petróleo, gás natural, derivados de petróleo e carvão para países da Europa e Ásia, incluindo membros da OTAN. O autor critica os líderes da UE e da OTAN por sua incapacidade de impedir as vendas de energia russa e dependência contínua dos recursos energéticos da Rússia.
União Europeia – diferenciações nos dinamismos sectoriais.pdfGRAZIA TANTA
0 – Preâmbulo
1 - Agricultura, floresta e pesca
2 - Indústrias extrativas, transformadoras, produção e distribuição eletricidade, gás…
3 – Construção
4 - Comércio por grosso, retalho, transportes, alojamento
5 – Informação e comunicação
6 – Actividades financeiras e de seguros
7 – Actividades imobiliárias
8 – Actividades de consultoria, científicas e técnicas, administrativas e serviços de apoio
9 - Administração Pública, Defesa, Educação, Atividades de saúde humana e apoio social
10 - Actividades artísticas, de espectáculos, recreativas e outras de serviços, dos agregados domésticos e de organizações e entidades extraterritoriais
As desigualdades provenientes da demografia na EuropaGRAZIA TANTA
Este documento analisa as desigualdades demográficas na União Europeia entre 1995-2021. Aponta que alguns países como Espanha, França e Alemanha tiveram crescimento populacional, enquanto outros como Romênia e Bulgária perderam quase 3 milhões de habitantes. Também destaca que a crise financeira acentuou as desigualdades regionais e levou a mais migração para a UE.
1) O documento discute o conceito de "BideNato", referindo-se à aliança entre os EUA e a Europa liderada pela Casa Branca e Pentágono.
2) A Europa está em declínio e tende a ser vista como uma península asiática sob influência dos EUA, que usam a NATO para evitar o isolamento geopolítico em relação a outras potências como China e Rússia.
3) A presidente da Comissão Europeia, Ursula von der Leyen, é apontada como símbolo da decadência europeia
0 – Introduction
1 – Without an economy, there is no thriving military power
2 - US military proliferation on the planet
2.1 - East and Oceania
2.2 – Europe
2.3 - Middle East
2.4 – Africa
2.5 – America
3 – USA, a fated evildoer
EUA – Um perigo enorme para a Humanidade.pdfGRAZIA TANTA
O documento discute a proliferação militar dos EUA no mundo e como isso revela os limites do seu poder. Apresenta uma lista incompleta de instalações militares dos EUA por região, com a maior concentração no Oriente e Oceania (40% do total) e na Europa (60% na Alemanha e Itália).
A NATO na senda de Hitler – Drang nach Osten.pdfGRAZIA TANTA
A actual fascização dos poderes, brota, sob formas descuidadas e enganosas, de uma “informação” que se propaga, com superficialidades ou mentiras e, aceites por gente acéfala, com vidas precárias, desatentos manipulados pela grande maioria dos media que, na sua grande maioria, são infectas lixeiras. Ninguém se deverá admirar se a escalada militar conduzir a uma guerra devastadora na Europa, tomada como arena de treino do Pentágono.
Nato, Ucrânia e a menoridade política dos chefes da UEGRAZIA TANTA
Este documento discute a história e situação atual da NATO e da Ucrânia. A NATO foi criada originalmente para proteger a Europa Ocidental dos EUA contra a URSS, mas continua sob forte influência dos EUA. A Ucrânia nunca teve unidade política e está dividida entre o oeste católico e o leste pró-Rússia. Recentemente, a Rússia anexou a Crimeia e apoiou separatistas no leste da Ucrânia em resposta à crescente influência ocidental.
2201 a precariedade suprema no capitalismo do século xxiGRAZIA TANTA
O documento descreve a precariedade crescente no capitalismo do século XXI, com mais pessoas vivendo em condições precárias e sem proteções sociais adequadas. Grandes massas da população enfrentam baixos salários, desemprego, dívidas e privação de direitos políticos. Os governos priorizam os interesses das grandes empresas em detrimento das necessidades da população.
Speculative electricity prices in the EUGRAZIA TANTA
Summary
1 - Electricity prices in the EU - 2016 (2nd semester) and 2021 (1st semester)
2 – The tax puncture widens the inequalities inserted in the prices
3 - Remuneration and electricity prices
Eleições em portugal o assalto à marmitaGRAZIA TANTA
As leis são teias de aranha pelas quais as grandes moscas passam e as pequenas ficam presas”.
(Honoré de Balzac)
No dia 30 de janeiro do ano corrente, um conjunto de pessoas, na generalidade de fraca valia cultural, técnica ou ética, apresentam-se para um concurso eleitoral...
Os especulativos preços da energia elétrica na ueGRAZIA TANTA
1 - Preços da energia elétrica na UE – 2016 (2º semestre) e 2021 (1º semestre)
2 – A punção fiscal amplia as desigualdades inseridas nos preços
3 - Remunerações e preços da eletricidade
Seres humanos, servos do sistema financeiroGRAZIA TANTA
O documento discute o crescimento descontrolado do sistema financeiro e seu poder sobre as pessoas. Ele analisa a evolução dos passivos financeiros em países da UE entre 1995-2020, mostrando um aumento constante e irregularidade crescente, tornando o sistema mais frágil e instável. Alguns países como Luxemburgo, Chipre e Malta têm passivos desproporcionais ao PIB, indicando especulação.
Este documento contém 10 textos de circunstância sobre vários assuntos como: 1) A concorrência entre conferências democráticas; 2) Ataques judiciais ao futebol e alegada corrupção nos clubes; 3) Vários casos de corrupção nas Forças Armadas portuguesas.
Apna Punjab Media is a Punjabi newspaper that covers local and global news, cultural updates, and community events. It's a trusted source for Punjabi-speaking communities, offering a mix of traditional values and modern insights into Punjab's vibrant life and heritage.
18062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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La defensa del expresidente Juan Orlando Hernández, declarado culpable por narcotráfico en EE. UU., solicitó este viernes al juez Kevin Castel que imponga una condena mínima de 40 años de prisión.
16062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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19 जून को बॉम्बे हाई कोर्ट ने विवादित फिल्म ‘हमारे बारह’ को 21 जून को थिएटर में रिलीज करने का रास्ता साफ कर दिया, हालांकि यह सुनिश्चित करने के बाद कि फिल्म निर्माता कुछ आपत्तिजनक अंशों को हटा दें।
केरल उच्च न्यायालय ने 11 जून, 2024 को मंडला पूजा में भाग लेने की अनुमति मांगने वाली 10 वर्षीय लड़की की रिट याचिका को खारिज कर दिया, जिसमें सर्वोच्च न्यायालय की एक बड़ी पीठ के समक्ष इस मुद्दे की लंबित प्रकृति पर जोर दिया गया। यह आदेश न्यायमूर्ति अनिल के. नरेंद्रन और न्यायमूर्ति हरिशंकर वी. मेनन की खंडपीठ द्वारा पारित किया गया
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15062024_First India Newspaper Jaipur.pdfFIRST INDIA
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विवादास्पद फिल्म के ट्रेलर से गाली-गलौज वाले दृश्य हटा दिए गए हैं, और जुर्माना लगाया गया है। सुप्रीम कोर्ट और बॉम्बे हाई कोर्ट दोनों ने फिल्म की रिलीज पर रोक लगा दी है और उसे निलंबित कर दिया है। पहले यह फिल्म 7 जून और फिर 14 जून को रिलीज होने वाली थी, लेकिन अब यह 21 जून को रिलीज हो रही है।
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Ceci est le projet de traité qui avait été négocié entre Russes et Ukrainiens à Istanbul en mars 2022, avant que les Etats-Unis et la Grande-Bretagne ne détournent Kiev de signer.
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Don't let fancy business words confuse you! This blog is your cheat sheet to understanding the Shark Tank Jargon. We'll translate all the confusing terms like "valuation" (how much the company is worth) and "royalty" (a fee for using someone's idea). You'll be swimming with the Sharks like a pro in no time!
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1. Grazia.tanta@gmail.com 1/6/2021 1
Europe - a continent that turns into a peninsula
We have become used to considering Europe as a
continent. What if the political and economic realities
transform it from an American dependency to an Asian
peninsula?
1 - The European Union of inequalities
In advanced capitalism, with a neoliberal profile, borders are seen as obstacles that can make it
difficult for goods to be processed. And the internet has exponentially facilitated contacts in
general, capital operations and speculative dementia in particular. As for human beings, things
are somewhat different; Citizen cards, passports, visas, residence permits and … in progress, a
certificate on the situation vis-à-vis covid-19 will be required.
The EU intended to be a factor of homogeneity in terms of rights and usufructs in the sense of
facilitating exchanges between member countries, as a response to the great rivalry that
emerged from World War II, between the North Americans and the Soviets. Initially, the political
and economic differences between its members were not many until the integration of Greece
(1981) and the Iberian countries (1986), with degrees of economic development clearly inferior
to the founders. Later, with the inclusion of the countries that left Comecon and the bloody
dismemberment of Yugoslavia, inequalities within the enlarged EU grew substantially,
presenting huge pockets of potential emigrants destined to work in the richer countries,
desertifying and aging their countries of origin, taken as labor exporters. Like the Levels of
training in these countries are among the highest in Europe (especially in the East) and, with this
training being paid for by the families of the countries of their origin, it is immediately seen that
those who will benefit from the qualification of these emigrant workers are the rich countries,
with enough money to pay salaries that are not practiced in the countries of origin. As these
inequalities are of interest to contractors (rich countries) and contractors (workers from poor
countries), to speak of social and territorial cohesion within the EU is a lie consolidated over
time.
The godly goal of unification and solidarity has not been fulfilled. Countries or regions in the
process of population regression and those that attract population are perfectly visible ,
although in the EU there is not only migration between member states but also of people from
abroad. For example, Turks go to Germany, Moroccans to Spain, Indians and Pakistanis to Great
Britain, Brazilians to Portugal…
The richest countries saw the poorest countries integrated in the EU as interesting destinations
for investments, taking advantage of low local wage levels and, in many cases, linked to high
educational levels (especially in the former Comecon countries); in these territories there were
people eager for consumption and well-being, ready to work and improve their lives.[1] . On the
other hand, the integration of these countries would work as a model for the consolidation of
centers and peripheries, with these orbiting countries with greater economic, demographic or
financial strength; a model of spatial and economic reorganization, generating inequalities that
2. Grazia.tanta@gmail.com 1/6/2021 2
are of interest to be permanent, namely in the chapter on labor prices. All, however, well
camouflaged in a language of egalitarianism that reality proves to be false; registering among
the peripheries cases of some success, such as total failure.
All this architecture is well wrapped up in legal texts, extensive and detailed, which clearly show
the difficulties for countries that want to go back, leaving the Union; notwithstanding the
obvious disaster of an exit for any member state with lesser status, especially if included in the
euro area[2] . Great Britain managed to leave but took with it problems that jeopardize the
continuity of its peripheral parts – Scotland and Ulster – leaving Greater London to royalty as a
powerful financial center linked to the numerous offshore points spread across the planet. The
viability of the exit of unstructured, poor countries, with trade largely carried out within the EU
and dependent on community support, is doubtful. The EU replicates in its midst the inequalities
typical of the federated states; in the US the differences between Florida and West Virginia are
stark; in Brazil, the state of São Paulo has an income capitation three times higher than that of
Ceará; in Spain, income in the Community of Madrid is double that of the poorest autonomy
(Extremadura); and in Portugal, the North region presents an income slightly above 2/3 of that
registered in Lisbon and Vale do Tejo. In short, the EU replicates the social and economic
inequalities existing in all nation-states and these will never disappear in a framework of
capitalist competition; the global management of the current pandemic reveals to the full the
differences that capitalism generates and sustains. Cooperation and mutual help give better
results than the insanity of accumulating capital to infinity.
If initially, the CEE countries had approximate income levels and productive structures, after the
entry of Greece into the then CEE, things changed with the inclusion of that poor country, with
very different production structures and incomes; and followed by the Iberian countries, etc. As
is evident, the political classes of the less developed countries, eager to become the link and
protagonists of a corrupt absorption of community funds, did not bother to consult the
populations on the acceptance or not of such a geopolitical change. On the contrary, they made
full use of what they could and some became “entrepreneurs” benefiting from the good
connections within the PS/PSD party-state, in the Portuguese case. The so-called international
investors know that they have to pay a specific fee for any business with a country where
corruption is natural, and they try to hire authorized intermediaries – law firms.
Where a political plan of territorial, political and well-being cohesion was affirmed, in reality
there was only a hierarchy of countries with different levels of political, commercial and
technological power, competing with each other to take advantage of the community funds that
would make it possible for capitalists from the richest countries to invest in the less rich ones,
with the lowest salary levels, also giving scope for the application of these funds in accordance
with the interests of the party mafias, national or local authorities. Europe of Regions, does
anyone remember?
In reality, the poorest countries remain at the bottom of the hierarchy, with the EU remaining a
union of unequals.
3. Grazia.tanta@gmail.com 1/6/2021 3
In this context, there is a “specialization”. EU countries with more powerful economic structures
and productive specializations with greater technological content tend to focus on trade
relations with a wide range of countries, mainly on exports – this is the obvious case for
Germany. Countries with less advanced specialization patterns tend to focus on the production
of goods with lower technological content, such as agricultural or tourist products, with the
richest countries in the Union as buyers. And, in the case of agricultural export products, there is
no shortage local mobsters for the integration of non-community immigrants under
substandard conditions and wages .
2 - The EU at the global level
At the end of World War II, Europe became a politically and militarily shared area. In the western
part, the presence of North American troops would be aimed at defending against any Soviet
advance; and, to this end, NATO was created in 1949, to which Greece and Turkey joined in
1952. In response, in 1955, the Warsaw Pact emerged, covering the countries with a Soviet
model, led by the USSR. A segmented, bipartite Europe, forced to accept the end of centuries of
colonization, presented itself even more fragile before the two colossi of the moment – USA and
USSR.
With the end of the so-called cold war, NATO maintained its existence, expanded its geographic
scope with the integration of the countries of the extinct Warsaw Pact, with military
interventions in the Balkans and, outside the European scope, in Libya, the Sahel and in
Afghanistan. The US military and political dominance in the European scenario also represents
the guarantee of a captive market for the enormous North American weaponry production; It
keeps the political influence of the US west of the Russian border and, the Mediterranean; and, it
also intends to contain the penetration of China's commercial and political influence in all
corners of the planet (see map at the end of the text) .
The combined military spending of the USA, France, Great Britain and Germany in 2020 was
$942,700 million of which $778,000 million is for the US and, knowing that the use of such
resources is widespread across the planet and not just in Europe. Russia's military spending was
$61,700 million, certainly not just centered on the European scene . And China, for its part, spent
$ 252,000 million, concentered in the Far East.
Other factors draw the European underage Euro failed to supplant the dollar as the global
currency, the renminbi Chinese also did not and, the pound is a shadow of its past. It is not
strange that Europe shows itself as an exporting power (despite its glaring internal inequalities)
but with a reduced capacity for intervention in the global political chessboard. It remains,
therefore, the situation of a Europe as a US base for the strategic area of the North Atlantic and
the Mediterranean, counting even the US with the political and economic disintegration of the
space stretching from Lebanon to Mesopotamia and the sea of Oman, encompassing there,
obviously the Persian Gulf [3]; and, above all, with the support of the faithful Zionist entity. In
short, the US retains its strategic control over Europe; and this highlights its political minority
focusing on bureaucratic minutiae, leaving the distance global leadership marked at Lepanto
(1571) and, consolidated in the second siege of Vienna (1683).
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A major change is underway coming from East Asia, after a first phase led by the economic
performance of Japan and South Korea, countries that have continued since the end of World
War II under the protectorate of the USA (as in Europe with the presence of NATO ) although
not dispensing with high military costs; those two countries in 2020 spent with the armed forces
a little less than $ 50,000 M each.
This militaristic fad that characterizes the US, with bases and fleets around the world, with the
involvement in wars and astonishing destruction, made the US totally distanced from the
creation, in 2014 of the Asian Infrastructure Investment Bank (AIIB); or, in 2020, the Regional
Comprehensive Economic Partnership ( RCEP) which includes countries militarily protected by
the USA (South Korea and Japan) or, under its political influence (Australia and New Zealand)
and in which India did not want to participate… by while, during the consulate of the Hindu
fanatic, Modi. History records that trade, exchanges, bring peoples together, promote cultural
interactions and constitute an enormous instrument of economic development, unlike
militarism; as can be seen in the following table.
Percentage of world GDP (in terms of purchasing power parity )
1980 1990 2000 2010 2015 2020 (est)
EU 30.2 27.6 23.7 19.0 16.9 15.6
USA 21.9 22.1 20.7 16.8 15.8 14.7
China 2.3 4.1 7.5 13.9 17.3 19.0
Source: IMF - Economic Outlook 2016
In 2020, the Chinese economic power meant that the EU has become China as its biggest
trading partner, sending the US for second place; the way both countries faced the coronavirus
outbreak reveals the decay of the US and its replacement by China as the world's main economy
.
The relationship that will be established in Euro-Asia involves several aspects. One is the
strengthening of Russia as a vital link between East Asia and Europe; a link that could be
practiced across the Arctic. Another is a development of the Russian gas supply to Germany via
the Baltic, in the face of US bitterness.
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A third aspect is the establishment of several sections of the Silk Road, integrating the countries
of Central Asia and the Muslim countries of the Near and Middle East, through high speed
trains, an area in which China has a high performance, as it reveals below. According to Keith
Bradsher of the New York Times, in 2012, China inaugurated a high-speed rail line that runs
2298 km between Beijing and Guangzou, with 35 stops in ten hours; transposed to Europe, this
infrastructure would make a London-Belgrade journey in… eight hours. The above distance is
equivalent to the distance between New York and Key West, in South Florida; however, a
current, slightly shorter rail route (New York/Miami) is now completed in … 30 hours of travel.
Such developments in China as in Europe may offer diversified routes for transactions between
Europe and the East and include the countries of the aforementioned ASEAN and the East coast
of Africa.
Taking into account the population of the “European Peninsula”, Eurasian integration (for the
time being, excluding India) goes beyond 2500 M people connected by a continuous and
diverse continental mass, culturally and in terms of living or upbringing of wealth.
A war in Europe with a global dimension is not to be expected. The US military presence was
justified for nearly half a century with the existence of the USSR and the Warsaw Pact. The
extinction of the latter would have been a good opportunity for the burial of military alliances;
however, NATO continues to exist, happy to have encompassed the Balkan countries; and
hoping, after the inclusion of the countries of the extinct Comecon, to encircle the Russian
borders in Ukraine and the Caucasus .
After the end of the Cold War, the US, with or without the NATO mask, waged wars in the
territory of the former Yugoslavia, invaded Libya and Afghanistan, armed ISIS to destabilize Syria
and Iraq, with the strengthening of the connection to the monarchies Gulf to isolate Iran and,
develop the Zionist cancer the exact extent of the Palestinian people crushing. The US continues
to be present in Africa conflicts, keeping the seat of its Africom, located in Stuttgart (!), a
showing of their role as strange entity among the peoples of the continent; and including,
among other auxiliaries, also in Africa, Portuguese mercenaries.
The militarized bet of the USA is a real dementia, especially when taking into account the degree
of poverty of a large part of its population and its deficiencies in terms of infrastructure, as
exemplified above. Its military presence in Europe continues to use and reproduce the Cold War
scenario, attributing to Russia an economic and military power it does not have. Russia has only
150 million inhabitants and its military spending is more than twelve times less than that of the
USA.
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.
Where there seems to be a lot of homogeneity among EU members is in strategic subservience
to NATO, with the acceptance of US leadership[4]. The EU seems to want to keep the US with
one foot in Europe, to avoid a total immersion of the European Peninsula in the infrastructure of
the Silk Road, the implementation of which will keep the US fleets in the Indian Ocean and the
Pacific, which tend to be obsolete. from a strategic point of view, with the increasing relevance
of land routes in the connection between the East, Central Asia and Europe. China's economic
strength, combined with its demographic strength (more than double that of the EU countries)
promises to give Europe a second place. This marginalization, in the past, was very evident in
Bretton Woods, with the segmentation of Europe into West and East, with the presence of
military bases of occupying powers and, with bloody decolonizations (Algeria, Vietnam and
Portuguese colonies).
What role will Europe have in the medium or long term?
Regional economic power without a relevant role in international politics inserted,
without protagonism, in the strategic confrontation China/USA?
As for China, Europe will seek a relationship of mutual economic advantages by joining
the planned logistical corridors for whose construction most European countries have joined
(the AIIB mentioned above);
Maintenance of current and glaring regional inequalities within the EU susceptible to
deviant political positions, such as what the GB decided with its Brexit? And enhancers of
diversified cleavages, facilitated by the great diversity of cultures and recent historical
frameworks?
A preference as a subordinate ally of the USA whose relative decay is evident, as observed
in the management of the pandemic, in the huge pockets of poverty, for the political and
social problems resulting from an ancestral importance given to “race”? A nation-state that
spends as much on armaments as all the others and that forces its allies to buy what they
need to maintain its huge and influential military-industrial complex?
This and other texts in:
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http://grazia-tanta.blogspot.com/
http://www.slideshare.net/durgarrai/documents
https://pt.scribd.com/uploads
[1] An exemplary case lived in Portugal is related to the Volkswagen factory in Palmela, whose
genesis is interesting to be known. In the last years of the fascist regime (ended 1974), it was
intended to place as the centerpiece of industrial investment the port of Sines with
petrochemical facilities and as an interface for large oil tankers coming from the Middle East
via the Cape route, since the Suez was closed after the war of 1967 between Egypt and the
Zionist entity occupant of Palestine; and, on the other hand, to install large shipyards for
shipbuilding/repair and an area of chemistry in the Setúbal Peninsula. As the Suez Canal
reopened in 1973, the entire project became meaningless and the facilities were eventually
nationalized in 1975, after the fall of the fascist regime. This change came to be harshly
reflected in that Peninsula, an area then marked by the most radical activism in the country.
Volkswagen ended up establishing a factory in the region (1991), with community funds
financing means of communication, training for workers, a hospital, becoming one of the main
exporters in the country and an anchor for several supplier companies.
[2] On a supposed exit of Portugal from the euro zone, see:
http://grazia-tanta.blogspot.pt/2017/05/europa-periferias-e-desastres.html
http://grazia-tanta.blogspot.pt/2016/06/centro-e-periferias-3-portugal-uma.html
http://grazia-tanta.blogspot.pt/2016/06/centro-e-periferias-na-europa-2.html
http://grazia-tanta.blogspot.pt/2016/06/centro-e-periferias-3-portugal-uma.html
[3] Not forgetting Afghanistan, where the US and its allies have stood against the Taliban and in
favor of the opium trade. It would be unfair to forget the importance of Portuguese mercenaries
guarding the airport in Kabul. The big Bagram base will see the US evacuation. Throughout this
time, Chinese and Indians have established businesses in the country.
[4] See the European commitment to the tension of relations with Russia or Turkey, knowing
that these countries are essential pieces in a Eurasian integration that is at the door. The
relevance given to Navalny or to the Belarusian trapped in a plane diverted to Minsk is frankly
overblown, giving rise to sanctions that prove useless or ridiculous but satisfy the interests of
the USA in maintaining disagreements in the European space. On the other hand, the EU offers
troops to frame Africom's activity in the Sahel or Afghanistan and keeps Assange imprisoned,
under a curtain of silence because he was the protagonist, years ago, in the dissemination of US
war crimes. In European politics, the case of the plane diverted to Minsk serves to make us
forget the occupation of Palestine and the most recent crimes of Zionism against the Palestinian
people. The political dwarves who run Europe can only see in Africa and Asia refugees and
immigrants arriving in Lesbos, Pantelleria or Ceuta, ready for a total precariousness of life and
pushing wage levels down.