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Washington Consensus
The Washington Consensus is a set of ten economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury.Williamson, John"What Washington Means by Policy Reform", in: Williamson, John (ed.): ''Latin American Readjustment: How Much has Happened'', Washington: Peterson Institute for International Economics 1989. The term was first used in 1989 by English economist John Williamson. The prescriptions encompassed free-market promoting policies in such areas as macroeconomic stabilization, economic opening with respect to both trade and investment, and the expansion of market forces within the domestic economy. Subsequent to Williamson's use of the terminology, and despite his emphatic opposition, the phrase Washington Consensus has come to be used fairly widely in a second, b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Crisis
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. ''Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and reduce th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Augusto De La Torre
Augusto is an Italian, Portuguese, and Spanish given name or surname. Notable people with the name include: *Augusto Aníbal *Augusto dos Anjos * Augusto Arbizo *Augusto Barbera (born 1938), Italian law professor, politician and judge *Augusto Benedico *Augusto Boal *Augusto de Campos *Augusto César Sandino * Augusto Fantozzi *Augusto Genina *Augusto B. Leguía *Augusto Monterroso * Augusto Odone, Italian economist who invented Lorenzo's oil *Augusto Pestana (1868-1934) *Augusto Pinochet *Augusto Righi *Augusto Roa Bastos *Augusto Silj *Augusto Vargas Alzamora *Augusto de Vasconcelos *Augusto Vera ;People in sports *Augusto (footballer, born 1992), Brazilian football player, full name Augusto Bruno da Silva *Augusto Farfus, Brazilian race car driver *Augusto Fernández, Argentine footballer *Augusto Franqui, Cuban baseball player *Augusto Inácio, Portuguese footballer * Augusto Oliveira da Silva Brazilian footballer *Luís Augusto Osório Romão (1983) Brazilian footballer *Cés ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nancy Birdsall
Nancy Birdsall (born 6 February 1946) is an American economist, the founding president of the Center for Global Development (CGD) in Washington, DC, USA, and former executive vice-president of the Inter-American Development Bank. She co-founded CGD in November 2001 with C. Fred Bergsten and Edward W. Scott Jr. and served as president until 2016. Prior to becoming the President of CGD, Birdsall served for three years as Senior Associate and Director of the Economic Reform Project at the Carnegie Endowment for International Peace. Her work at Carnegie focused on issues of globalization and inequality, as well as the reform of the international financial institutions. During 1993 to 1998, she oversaw a $30 billion public and private loan portfolio at the Inter-American Development Bank, the largest of the regional development banks. Before joining the Inter-American Development Bank, Birdsall spent 14 years in research, policy, and management positions at the World Bank. Most recent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luiz Inácio Lula Da Silva
Luiz Inácio Lula da Silva (; born Luiz Inácio da Silva; 27 October 1945), known mononymously as Lula, is a Brazilian politician, trade unionist, and former metalworker who is the president-elect of Brazil. A member of the Workers' Party, he was the 35th president of Brazil from 2003 to 2010. After winning the 2022 Brazilian general election, he will be sworn in on 1 January 2023 as the 39th president of Brazil, succeeding Jair Bolsonaro. Of working-class origin, he migrated as a child from Pernambuco to São Paulo with his family. He began his career as a metalworker and trade unionist. During the military dictatorship in Brazil, he led major workers' strikes between 1978 and 1980, and helped start the Workers' Party in 1980, during Brazil's political opening. Lula was one of the main leaders of the Diretas Já movement which demanded democratic elections. In the 1986 Brazilian legislative election, he was elected as a federal deputy in the state of São Paulo with the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simon & Schuster
Simon & Schuster () is an American publishing company and a subsidiary of Paramount Global. It was founded in New York City on January 2, 1924 by Richard L. Simon and M. Lincoln Schuster. As of 2016, Simon & Schuster was the third largest publisher in the United States, publishing 2,000 titles annually under 35 different imprints. History Early years In 1924, Richard Simon's aunt, a crossword puzzle enthusiast, asked whether there was a book of ''New York World'' crossword puzzles, which were very popular at the time. After discovering that none had been published, Simon and Max Schuster decided to launch a company to exploit the opportunity.Frederick Lewis Allen, ''Only Yesterday: An Informal History of the 1920s'', p. 165. . At the time, Simon was a piano salesman and Schuster was editor of an automotive trade magazine. They pooled , equivalent to $ today, to start a company that published crossword puzzles. The new publishing house used "fad" publishing to publish bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Commanding Heights
''The Commanding Heights: The Battle for the World Economy'' is a book by Daniel Yergin and Joseph Stanislaw first published as ''The Commanding Heights: The Battle Between Government and the Marketplace That Is Remaking the Modern World'' in 1998. In 2002, it was adapted as a documentary of the same title and later released on DVD. ''The Commanding Heights'' attempts to trace the rise of free markets during the last century as well as the process of globalization. Yergin attributes the origin of the phrase commanding heights to a speech by Vladimir Lenin referring to the control of perceived key segments of a national economy. Overview The authors take the thesis that prior to World War I, the world effectively lived in a state of globalization, which they term the First Era of Globalization. The authors define globalization as periods in which free markets predominate and countries place few, if any, limits on exports, immigration, imports, or information exchanges. Overa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Yergin
Daniel Howard Yergin (born February 6, 1947) is an American author, speaker, energy expert, and economic historian. Yergin is vice chairman of S&P Global. He was formerly vice chairman of IHS Markit, which merged with S&P in 2022. He founded Cambridge Energy Research Associates, which IHS Markit acquired in 2004. He has authored or co-authored several books on energy and world economics, including the Pulitzer Prize–winning '' The Prize: The Epic Quest for Oil, Money, and Power,'' (1991) '' The Quest: Energy, Security, and the Remaking of the Modern World'' (2011), and ''The New Map: Energy, Climate, and the Clash of Nations'' (2020). Yergin's articles and op-eds on energy, history, and the economy have been published in publications such as ''The Wall Street Journal'', ''The New York Times'', ''The Washington Post'', and the ''Financial Times''. All of Yergin's books have been drafted in long-hand. Currently a director on entities such as the Council on Foreign Relations an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph Stanislaw
Joseph Stanislaw is a financial adviser on international markets and politics. He is also the co-founder and former president of Cambridge Energy Research Associates, an energy research consultancy that was acquired in 2004 by IHS Energy. Stanislaw advises companies and countries on strategies to deal with the risks and opportunities in the evolving marketplace. He holds a B.A. from Harvard University and a PhD from Edinburgh University. He was once a professor at Cambridge University, and has served as senior economist at the Organisation for Economic Co-operation and Development's International Energy Agency, located in Paris. He currently serves on the board of advisors of the Nicholas Institute for Environmental Policy Solutions. He co-authored '' The Commanding Heights: The Battle for the World Economy'' a book which became the subject of a six-hour documentary that aired on PBS The Public Broadcasting Service (PBS) is an American public broadcasting, public broadcast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Property Right
The right to property, or the right to own property (cf. ownership) is often classified as a human right for natural persons regarding their possessions. A general recognition of a right to private property is found more rarely and is typically heavily constrained insofar as property is owned by legal persons (i.e. corporations) and where it is used for production rather than consumption. A right to property is recognised in Article 17 of the Universal Declaration of Human Rights, but it is not recognised in the International Covenant on Civil and Political Rights or the International Covenant on Economic, Social and Cultural Rights. The European Convention on Human Rights, in Protocol 1, article 1, acknowledges a right for natural and legal persons to "peaceful enjoyment of his possessions", subject to the "general interest or to secure the payment of taxes." Definition The right to property is one of the most controversial human rights, both in terms of its existence and interp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deregulation
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation. The stated rationale for deregulation is often that fewer and simpler regulations will lead to raised level ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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