There is growing concern that the financial industry has become too risky and complex and that more regulation is needed. To date, regulatory efforts to manage banks have failed. Rather than more regulation, banks must again limit their activities.
It is argued that the “Empire Era” is finished. Nation-states now have to share global NGOs, multinational corporations, and international organizations. In addition, information revolutions have fragmented power further.
This is the first part of a two part series on global power.
Who is most powerful globally? Historians, economists, and others have written extensively on this subject, often in terms of empires. Amazon lists more than 5,000 books on …
The global recession started with the credit freeze in the US. The article describes how it led to a global recession. It focuses on less developed countries and concludes they will not be hurt as much as OECD nations.