APEC Peru 2008
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APEC Peru 2008
APEC Peru 2008 was a series of political meetings held around Peru between the 21 member economies of the Asia-Pacific Economic Cooperation during 2008. Although business leaders of the region also met before the summit officially began. Leaders from all the member countries met during November 22–23, 2008, in the capital city of Lima. The 21 members accounted for approximately 60 percent of the world's gross domestic product. Peruvian history in APEC Peru has been a full member of APEC since 1998. Its participation began when Malaysia hosted the forum's summit in Kuala Lumpur. The admission of Peru into APEC was a result of the coordinated efforts of representatives of the government and the business and academic communities. Peru developed a strategy that, together with visits of high-level public officials to the various Asia-Pacific economies, gained the support of the members in order to achieve this end. Expansion Since 2004, Colombia and Ecuador had been expecting to joi ...
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Peru
, image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = Seal (emblem), National seal , national_motto = "Firm and Happy for the Union" , national_anthem = "National Anthem of Peru" , march = "March of Flags" , image_map = PER orthographic.svg , map_caption = , image_map2 = , capital = Lima , coordinates = , largest_city = capital , official_languages = Peruvian Spanish, Spanish , languages_type = Co-official languages , languages = , ethnic_groups = , ethnic_groups_year = 2017 , demonym = Peruvians, Peruvian , government_type = Unitary state, Unitary Semi-presidential system, semi-presidential republic , leader_title1 = President of Peru, President ...
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Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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Kevin Rudd
Kevin Michael Rudd (born 21 September 1957) is an Australian former politician and diplomat who served as the 26th prime minister of Australia from 2007 to 2010 and again from June 2013 to September 2013, holding office as the leader of the Australian Labor Party (ALP). He is set to be appointed as the 23rd Ambassador of Australia to the United States in March of 2023, succeeding Arthur Sinodinos. Born in Nambour, Queensland, Rudd graduated from the Australian National University with honours in Chinese studies, and is fluent in Mandarin. Before entering politics, he worked as a diplomat and public servant for the Goss Ministry. Rudd was elected to the Australian House of Representatives at the 1998 federal election, as a member of parliament (MP) for the division of Griffith. He was promoted to the shadow cabinet in 2001 as Shadow Minister for Foreign Affairs. In December 2006, he defeated Kim Beazley in a leadership spill to become the leader of the Labor Party, thus ...
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Australian Prime Minister
The prime minister of Australia is the head of government of the Commonwealth of Australia. The prime minister heads the executive branch of the federal government of Australia and is also accountable to federal parliament under the principles of responsible government. The current prime minister is Anthony Albanese of the Australian Labor Party, who became prime minister on 23 May 2022. Formally appointed by the governor-general, the role and duties of the prime minister are not described by the Australian constitution but rather defined by constitutional convention deriving from the Westminster system. To become prime minister, a politician should be able to command the confidence of the House of Representatives. As such, the prime minister is typically the leader of the majority party or coalition. Prime ministers do not have a set duration or number of terms, but an individual's term generally ends when their political party loses a federal election, or they lo ...
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Global Financial System
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets. In the late 1800s, world migration and communication technology facilitated unprecedented growth in international trade and investment. At the onset of World War I, trade contracted as foreign exchange markets became paralyzed by money market illiquidity. Countries sought to defend against external shocks with protectionist policies and trade virtually halted by 1933, worsening the effects of the global Great Depression until a ...
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Lawrence Cannon
Lawrence Cannon, (born December 6, 1947) is a Canadian politician from Quebec and Prime Minister Stephen Harper's former Quebec lieutenant. In early 2006, he was made the Minister of Transport. On October 30, 2008, he relinquished oversight of Transport and was sworn in as Minister of Foreign Affairs. He was defeated in the 2011 federal election by the NDP's Mathieu Ravignat. He was appointed as Canadian Ambassador to France in May 2012, and he served in that position until September 2017. Life and career Genealogy Cannon is the son of government lawyer Louis Cannon and Quebec television broadcast pioneer Rosemary "Posie" Power, and the grandson of Lucien Cannon and Charles Gavan Power. He is also the grand-nephew of Lawrence Arthur Dumoulin Cannon, a long-time Liberal politician and Supreme Court judge. He is the great grandson of Sir Charles Fitzpatrick, defender of Louis Riel and former Senior Minister in Laurier's cabinet. He is of Irish and French Canadian descent. The ...
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Stephen Harper
Stephen Joseph Harper (born April 30, 1959) is a Canadian politician who served as the 22nd prime minister of Canada from 2006 to 2015. Harper is the first and only prime minister to come from the modern-day Conservative Party of Canada, serving as the party's first leader from 2004 to 2015. Harper studied economics, earning a bachelor's degree in 1985 and a master's degree in 1991. He was one of the founders of the Reform Party of Canada and was first elected in 1993 in Calgary West. He did not seek re-election in the 1997 federal election, instead joining and later leading the National Citizens Coalition, a conservative lobbyist group. In 2002, he succeeded Stockwell Day as leader of the Canadian Alliance, the successor to the Reform Party, and returned to parliament as leader of the Official Opposition. In 2003, Harper negotiated the merger of the Canadian Alliance with the Progressive Conservative Party of Canada to form the Conservative Party of Canada and was ...
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Canadian Prime Minister
The prime minister of Canada (french: premier ministre du Canada, link=no) is the head of government of Canada. Under the Westminster system, the prime minister governs with the confidence of a majority the elected House of Commons; as such, the prime minister typically sits as a member of Parliament (MP) and leads the largest party or a coalition of parties. As first minister, the prime minister selects ministers to form the Cabinet, and serves as its chair. Constitutionally, the Crown exercises executive power on the advice of the Cabinet, which is collectively responsible to the House of Commons. Justin Trudeau is the 23rd and current prime minister of Canada. He took office on November 4, 2015, following the 2015 federal election where his Liberal Party won a majority of seats and was invited to form the 29th Canadian Ministry. Trudeau was subsequently re-elected following the 2019 and 2021 elections with a minority of seats. Not outlined in any constitutional docu ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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2008 G-20 Washington Summit
The 2008 G20 Washington Summit on Financial Markets and the World Economy took place on November 14–15, 2008, in Washington, D.C., United States. It achieved general agreement amongst the G20 on how to cooperate in key areas so as to strengthen economic growth, deal with the 2008 financial crisis, and lay the foundation for reform to avoid similar crises in the future. The Summit resulted from an initiative by the French and European Union President, Nicolas Sarkozy, Australian Prime Minister Kevin Rudd, and the British Prime Minister, Gordon Brown. In connection with the G7 finance ministers on October 11, 2008, United States President George W. Bush stated that the next meeting of the G20 would be important in finding solutions to the economic crisis. Since many economists and politicians called for a new Bretton Woods system (a monetary management which was instituted after World War II) to overhaul the world's financial structure, the meeting has sometimes been describe ...
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George W
George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he previously served as the 46th governor of Texas from 1995 to 2000. While in his twenties, Bush flew warplanes in the Texas Air National Guard. After graduating from Harvard Business School in 1975, he worked in the oil industry. In 1978, Bush unsuccessfully ran for the House of Representatives. He later co-owned the Texas Rangers of Major League Baseball before he was elected governor of Texas in 1994. As governor, Bush successfully sponsored legislation for tort reform, increased education funding, set higher standards for schools, and reformed the criminal justice system. He also helped make Texas the leading producer of wind powered electricity in the nation. In the 2000 presidential election, Bush defeated Democratic incum ...
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