Being one of the oldest financial institutions globally, the World Bank directly impacts international economies. Today, in the post-crisis times, many developed countries do not depend on loans as much as they did. Although, some countries of the Eurozone are still in the middle of the financial crisis and direly need a support of the World Bank and the International Monetary Fund. These are non-political organizations that engage in multilateral economic relationships to reduce poverty and contribute to the economies of the borrowing countries. While Greece and Italy remain the greatest international borrowers of the Eurozone, there are many more
Order now Continue reading
There is a strong belief that the rise of temperatures will destroy agriculture in many present-day yield suppliers. True, India, most of the African and South American continents will find it hard to hard to keep their crops if the temperature rises, let us say, 5 degrees Celsius higher than it is now in summer. The only question is how fast such dramatic effects will come. Perhaps, we still have a couple of centuries to enjoy a few positive features brought by global warming. For the last century, the world has heated on about 1degree Celsius on average. Though we
Order now Continue reading
The benefits of labor migration are usually questioned in the US. Why does skilled workforce enter the foreign market? Do not they have their own country to contribute to? Many Americans think so taking into account rates of unemployment and a fierce competition in the workplace. Nevertheless, migrants are known to benefit the labor market, participate in social life, and stimulate economic growth. In many European countries, migrants enjoy extensive rights. Canada, Australia, and New Zealand accept labor migrants as a valuable social layer. Immigrants are important because they usually take the most dynamic occupations. Whether they are high- or
Order now Continue reading
While many people stay indifferent to climate change, extreme temperatures do not encourage farmers and animals whose habitat gradually disappears. We tend to treat global warming like an environmental threat with no definite outcome in the view. However, climate change has certain economic costs – those of failed crops and acres of infertile lands. Global warming may change the current division of natural resources giving a favor to Russia and Canada where huge lands are still frozen. European countries also have little to lose, taking into account their moderate climate. Poorer countries in South America and Africa, on the other
Order now Continue reading
The global financial crisis of 2008 stroke some European countries almost as hard as it affected Wall Street. Before the recession, Ireland and Spain were immaculate at their fiscal policies and showed a budget surplus. As the crisis stroke the property market, the two countries faced financial hardship. Public finance of France, Italy, and the UK weakened as well though less severely than in Spain. But the center of Europe’s debt crisis became Greece. Since 2010, the country was given billions of Euro in bailouts on conditions that the government raises taxes and makes Greece a better place for doing
Order now Continue reading
