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The world is changing into a world economy instead of a series of local ones. For example, the distinct European currencies have been replaced by the euro, and while there were good, sound reasons for doing so, the financial impact of economic fluctuations can spread from country to country far more easily than it could when the various countries had their own distinct currencies. The switch to the euro also has resulted in exporting unsound fiscal practices, spreading more easily from country to country. We're seeing this now in destabilization in countries including Greece, Portugal, Italy, and Spain. Some European banks were adversely affected by investing in US securities backed by "securitized" subprime real estate mortgages. When that market collapsed in the United States, some of the havoc the collapse created in the United States was spread abroad. Yet it's clear that we haven't learned the lessons because years later, we're still looking for financial derivatives of one kind or another to enhance the "bottom line."
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Descripción Tate Publishing, 2013. Paperback. Condición: Very Good. Great condition with minimal wear, aging, or shelf wear. Nº de ref. del artículo: P021625104952
Descripción Tate Publishing, 2013. Condición: Good. A+ Customer service! Satisfaction Guaranteed! Book is in Used-Good condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain limited notes and highlighting. Nº de ref. del artículo: 1625104952-2-4
Descripción Tate Publishing, 2013. Paperback. Condición: Like New. Almost new condition. Nº de ref. del artículo: P011625104952