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Petro-dollar
Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars"). It generally refers to the phenomenon of major petroleum-exporting states, mainly the OPEC members plus Russia and Norway, earning more money from the export of crude oil than they could efficiently invest in their own economies. The resulting global interdependencies and financial flows, from oil producers back to oil consumers, can reach a scale of hundreds of billions of US dollars per year – including a wide range of transactions in a variety of currencies, some pegged to the US dollar and some not. These flows are heavily influenced by government-level decisions regarding international investment and aid, with important consequences for both global finance and petroleum politics. The phenomenon is most pronounced during periods when the price of oil is historically high. The term petrodollar was coined in the early 1970s during the oil c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iranian Revolution
The Iranian Revolution ( fa, انقلاب ایران, Enqelâb-e Irân, ), also known as the Islamic Revolution ( fa, انقلاب اسلامی, Enqelâb-e Eslâmī), was a series of events that culminated in the overthrow of the Pahlavi dynasty under Shah Mohammad Reza Pahlavi, and the replacement of his government with an Islamic republic under the rule of Ayatollah Ruhollah Khomeini, a leader of one of the factions in the revolt. The revolution was supported by various Organizations of the Iranian Revolution, leftist and Islamist organizations. After the 1953 Iranian coup d'état, Pahlavi had aligned with the United States and the Western Bloc to rule more firmly as an authoritarian monarch. He relied heavily on support from the United States to hold on to power which he held for a further 26 years. This led to the 1963 White Revolution and the arrest and exile of Ayatollah Khomeini in 1964. Amidst massive tensions between Khomeini and the Shah, demonstrations began in Octob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iran
Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmenistan to the north, by Afghanistan and Pakistan to the east, and by the Gulf of Oman and the Persian Gulf to the south. It covers an area of , making it the 17th-largest country. Iran has a population of 86 million, making it the 17th-most populous country in the world, and the second-largest in the Middle East. Its largest cities, in descending order, are the capital Tehran, Mashhad, Isfahan, Karaj, Shiraz, and Tabriz. The country is home to one of the world's oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. It was first unified by the Medes, an ancient Iranian people, in the seventh century BC, and reached its territorial height in the sixth century BC, when Cyrus the Great fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libya
Libya (; ar, ليبيا, Lībiyā), officially the State of Libya ( ar, دولة ليبيا, Dawlat Lībiyā), is a country in the Maghreb region in North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to Egypt–Libya border, the east, Sudan to Libya–Sudan border, the southeast, Chad to Chad–Libya border, the south, Niger to Libya–Niger border, the southwest, Algeria to Algeria–Libya border, the west, and Tunisia to Libya–Tunisia border, the northwest. Libya is made of three historical regions: Tripolitania, Fezzan, and Cyrenaica. With an area of almost 700,000 square miles (1.8 million km2), it is the fourth-largest country in Africa and the Arab world, and the List of countries and outlying territories by total area, 16th-largest in the world. Libya has the List of countries by proven oil reserves, 10th-largest proven oil reserves in the world. The largest city and capital, Tripoli, Libya, Tripoli, is located in western Libya and contains over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Persian Gulf
The Persian Gulf ( fa, خلیج فارس, translit=xalij-e fârs, lit=Gulf of Persis, Fars, ), sometimes called the ( ar, اَلْخَلِيْجُ ٱلْعَرَبِيُّ, Al-Khalīj al-ˁArabī), is a Mediterranean sea (oceanography), mediterranean sea in Western Asia. The body of water is an extension of the Indian Ocean located between Iran and the Arabian Peninsula.United Nations Group of Experts on Geographical NameWorking Paper No. 61, 23rd Session, Vienna, 28 March – 4 April 2006. accessed October 9, 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The Shatt al-Arab river delta forms the northwest shoreline. The Persian Gulf has many fishing grounds, extensive reefs (mostly rocky, but also Coral reef, coral), and abundant pearl oysters, however its ecology has been damaged by industrialization and oil spills. The Persian Gulf is in the Persian Gulf Basin, which is of Cenozoic origin and related to the subduction of the Arabian Plate u ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab Countries
The Arab world ( ar, اَلْعَالَمُ الْعَرَبِيُّ '), formally the Arab homeland ( '), also known as the Arab nation ( '), the Arabsphere, or the Arab states, refers to a vast group of countries, mainly located in Western Asia and Northern Africa, that linguistically or culturally share an Arab identity. A majority of people in these countries are either ethnically Arab or are Arabized, speaking the Arabic language, which is used as the '' lingua franca'' throughout the Arab world. The Arab world is at its minimum defined as the 18 states where Arabic is natively spoken. At its maximum it consists of the 22 members of the Arab League, an international organization, which on top of the 18 states also includes the Comoros, Djibouti, Somalia and the partially recognized state of Palestine. The region stretches from the Atlantic Ocean in the west to the Arabian Sea in the east, and from the Mediterranean Sea in the north to the Indian Ocean in the southeast. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Current Account (balance Of Payments)
In economics, a country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of its balance of payments, the other being the capital account (also known as the financial account). Current account measures the nation's earnings and spendings abroad and it consists of the balance of trade, net ''primary income'' or ''factor income'' (earnings on foreign investments minus payments made to foreign investors) and net unilateral transfers, that have taken place over a given period of time. The current account balance is one of two major measures of a country's foreign trade (the other being the net capital outflow). A current account surplus indicates that the value of a country's net foreign assets (i.e. assets less liabilities) grew over the period in question, and a current account deficit indicates that it shrank. Both government and private payments are included in the calcula ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balance Of Trade
The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are bad in and of themselves is overwhelmingly rejected by trade experts and economists. Explanation The balance of trade forms part of the current account, which includes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johan Witteveen
Hendrikus Johannes "Johan" Witteveen (12 June 1921 – 23 April 2019) was a Dutch politician and economist who served as the fifth managing director of the International Monetary Fund (IMF) from 1973 to 1978. Witteveen attended the Gymnasium Erasmianum in Rotterdam from June 1933 until June 1939 and applied at the Rotterdam School of Economics in June 1939 majoring in Economics. On 10 May 1940 Nazi Germany invaded the Netherlands and the government fled to London to escape the German occupation. During the German occupation Witteveen continued his study obtaining an Bachelor of Economics degree in June 1941 but in April 1943 the German occupation authority closed the Rotterdam School of Economics. Following the end of World War II Witteveen returned to the Rotterdam School of Economics and worked as a student researcher before graduating with a Master of Economics degree in December 1945 and worked as an associate professor of Financial economics at the Rotterdam School of E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Floating Exchange Rate
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market events. A currency that uses a floating exchange rate is known as a ''floating currency'', in contrast to a ''fixed currency'', the value of which is instead specified in terms of material goods, another currency, or a set of currencies (the idea of the last being to reduce currency fluctuations). In the modern world, most of the world's currencies are floating, and include the most widely traded currencies: the United States dollar, the euro, the Swiss franc, the Indian rupee, the pound sterling, the Japanese yen, and the Australian dollar. However, even with floating currencies, central banks often participate in markets to attempt to influence the value of floating exchange rates. The Canadian dollar most closely resembles a pure f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Developing Countries
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
