Globalization and Sustainable Economic Development: Issues, by Piya Mahtaney

By Piya Mahtaney

In a global in transition and an period of transformation, Mahtaney demands mirrored image and an research of a large canvas of worldwide financial event. Her new paintings initiates an intensive evaluate of the concepts and regulations which were pursued during the last 20 years. the commercial meltdown forced the start of the subsequent section of globalization and she or he contends that the long run will see a rise in globalization. As an important questions come up in regards to the path during which globalization is headed and the sustainability of monetary progress and reform, the basic target of this interesting paintings is to explain an important insights in regards to the subsequent part of improvement on this planet economic system.

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Extra info for Globalization and Sustainable Economic Development: Issues, Insights, and Inference

Example text

This is important particularly in the instance of developing and underdeveloped nations where it is critical to have a mix of financial instruments that serve the purpose of both risk aversion and return (real rate). One of the most adverse implications of the regulatory lapses that preceded the crisis in the US economy was the creation of the passive speculator, which is a term that can be used to describe those borrowers and investors who, despite being relatively risk averse, were pulled into this vortex of risk without actually being cognizant of it.

In practical terms, it means the opportunity for progress and upward mobility, and it is on this that the ascendancy of America was founded. Evidently, it was the relative equity of opportunity and access to social goods and those prerequisites for a betterment of the standard of living that resulted in America’s progress and made it the global hub of innovation. It is this edge that began to peter years before the crisis, a fact that has been underscored by the present situation in the nation.

Increasing the tax rates on the incomes of the wealthiest segment of the American economy has been a politically contentious issue that has arisen in practically every debate about deficit reduction this despite a consensus about the need to reduce the fiscal deficit. The antecedents of the present problems that confront the US economy are as much political as it is economic and therefore unless the route taken towards deficit reduction is disentangled from partisan vested interests it would not comprise a solution.

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