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This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
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The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms in each region and devise counter policy measures against future idiosyncratic shocks. In the last decade, world dynamics have changed considerably due to increased openness...
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The South China Sea has attracted considerable attention among politicians, journalists and scholars since it has …. The South China Sea is defined as "Mediterranean." By comparing it to other maritime spaces, like the Baltic and the … from concepts of the cultural theory of Oswald Spengler. The paper will look at the South China Sea from two perspectives …
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