Due to the accelerating pace of globalization, world economic and financial development has become closely tied to the …-term capital floating around the world, particularly because of the governments' tendency to finance excessive public spending …

As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … Great Depression are not valid anymore to a great extent. Together with the decisions taken by the leaders of the world …